Which Cryptocurrencies are chosen by the Richest Investors?
Over the past week, WhaleStats has recorded significant investments in Ethereum, FTX Token, WBTC and other cryptocurrencies.
Over the past week, crypto investors have been actively buying various altcoins. According to the WhaleStats service, which tracks the activity of large investors, tokens were bought more than others: Ethereum, FTX Token (FTT), WBTC (WBTC), Chainlink (LINK), Fantom (FTM), Strong (STRONG) and Terra (LUNA).
Ethereum (ETH)
On average, investors bought 1.5 thousand Ethereum worth $3.9 million.
On March 14, Ethereum is trading at $2.6 thousand, and its capitalization is $310.8 billion, according to CoinGecko. Over the week, the ETH has risen in price by 1.5%. In November 2021, the asset updated its all-time high above $4.8 thousand. Since then, the altcoin has fallen in price by 47%.
Ethereum is the largest platform for creating smart contracts and decentralized applications (dApps). It was created by Vitalik Buterin in 2015.
FTX Token (FTT)
On average, investors bought 5,000 FTX Tokens for $200,000.
On March 14, FTX Token is trading at $40.8, and its capitalization is $5.6 billion. Over the week, the cryptocurrency has risen in price by 2.5%. In September 2021, the altcoin updated its all-time high above $84. Since then, its price has fallen by 51%.
FTX Token (FTT) is the internal token of the FTX cryptocurrency derivatives exchange. A part of the commission charged by the trading platform for transactions is distributed among token holders.
WBTC (WBTC)
On average, investors bought 5 WBTC for $200,000.
WBTC is a “wrapped” bitcoin designed to exchange liquidity between the bitcoin and Ethereum blockchains. Each WBTC token is backed by Bitcoin.
On March 14, Bitcoin is trading at $38.9 thousand, and its capitalization is $738 billion, according to CoinGecko. For the week, the first cryptocurrency has risen in price by 1.5%. In November 2021, Bitcoin hit an all-time high above $69,000. Since then, the asset has fallen in price by 43%.
Chainlink (LINK)
On average, investors bought 14.2 thousand Chainlink for $188 thousand.
On March 14, Chainlink is trading at $13.1, and the capitalization of the altcoin is $6.1 billion. The cryptocurrency has fallen in price by 1.5% over the week. In May 2021, the token hit an all-time high above $52. Since then, its value has decreased by 75%.
Chainlink is the first network of decentralized oracles between blockchains and smart contracts, and among its partners is the Swift payment system. The coin is also in the portfolio of the investment fund Grayscale.
Phantom (FTM)
On average, investors bought 146,000 Fantom for $186,000.
On March 14, the Fantom token is trading at $1.1, and its capitalization is $2.8 billion. The cryptocurrency has fallen in price by 21% over the week. In October 2021, the altcoin updated its all-time high above $3.4. Since then, its value has fallen by 68%.
Fantom is a blockchain whose main task is to solve the problem of scalability of existing platforms based on distributed registries.
Strong (STRONG)
On average, investors bought 551 Strong for $551.
On March 14, the Strong token is trading at $126.2, and its capitalization is $37.9 million. Over the week, the altcoin has fallen in price by 36%. In October 2021, the cryptocurrency updated its all-time high above $1.2 thousand. Since then, its price has fallen by 90%.
Strong is the governance token of the StrongBlock decentralized trading platform.
Terra (LUNA)
On average, investors bought 900 Terra for $76.3 thousand.
On March 14, Terra is trading at $93, and its capitalization is $34.6 billion. Over the week, the altcoin has risen in price by 17%. On March 9, the price of the cryptocurrency updated its all-time high above $103. Since then, it has fallen in price by 10%.
Terra is a blockchain protocol that creates fiat-pegged stablecoins. LUNA token holders can propose and vote on proposals to improve the blockchain.