A closely watched analyst says crypto investors with deep pockets have snapped up more than $2.5 billion worth of XRP and Dogecoin (DOGE) in just a few days.
In a new thread, crypto trader Ali Martinez tells his 111,500 followers on social media platform
“Whales bought about a billion XRP within 48 hours!”
At the time of writing,
We continue with the popular meme item DOGE, Martinez say that crypto whales gobbled up massive amounts of the dog-themed altcoin over a two-day period.
“Whales bought more than 470 million Dogecoin DOGE in 48 hours!”
With DOGE trading at $0.338 at the time of writing, the Whales’ Dogecoin treasure is now worth $158.86 million.
In total, the deep-pocketed investors collected $2.698 billion in XRP and DOGE.
Looking at the charts, Martinez predicts that XRP will skyrocket at a huge price tag in February, noting that the asset has two potential entry points.
“The first is the pennant’s rising trendline, at $2.05. The second is a breakout outside the pennant, at $2.50. Regardless of your participation, the goal remains $10!”
The crypto strategist goes further remark that digital assets have seen declining capital inflows over the past thirty days.
“Capital inflows into the crypto market increased from $134 billion to $68 billion last month, representing a decline of 49%.”
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Featured image: Shutterstock/Olga Medvedeva