Cryptocurrency

Top 10 Coins Seeing Massive Whale and Retail Attention as Altcoin Season Kicks Off

Written By : IndustryTrends

Whale investors and retail traders focus on a few cryptocurrencies that are expected to rise as the cryptocurrency market approaches a key season. Altcoins are becoming the next big potential as Bitcoin's supremacy stabilizes, attracting investors. Despite the competition, certain coins have attracted whales and regular investors looking to profit from the next market rise. This post highlights the top 10 altcoins with rising interest and trading volume due to excellent fundamentals, new technologies, and a growing network of supporters.

Rexas Finance (RXS)

Rexas Finance is gaining popularity with whale investors and ordinary traders as the altcoin season continues. Whale attention cannot be denied on Rexas Finance, as the token has currently recorded over 420,000 entries due to the ongoing giveaway, which is set to reward 20 lucky participants with $50,000 worth of RXS tokens as a participatory incentive.  Blockchain's security and transparency ease asset tokenization and maintenance, creating an innovative approach for turning real-world assets into digital tokens. Rexas Finance makes transactions secure, seamless, and intermediary-free with advanced tools and smart contract technology. To ensure security, dependability, and compliance with industry standards, CertiK audited the platform's RXS token. RXS, priced at $0.150 in its stage 10 presale, is predicted to generate up to 6x profits for early investors at $0.20 and a capped supply of 1 billion tokens. As tokenized assets add value, RXS's supply will tighten, increasing its value and preparing the platform for long-term success.

Rexas Finance's staking incentives feature encourages asset accumulation and boosts the token's value over time. This encourages many investors, reducing the possibility of huge institutions concentrating on ownership. RXS has appeared on CoinMarketCap and CoinGecko as the concept grows. Rexas Finance's accessibility and trust attract retail investors who perceive it as a unique way to invest in tokenized assets. The novel methodology and rising market presence of Rexas Finance are primed to make a large impact, attracting whales and retail investors looking for the next altcoin market success.

Bitcoin (BTC)

Bitcoin (BTC) draws whale and retail attention as altcoin season accelerates, but market signals suggest a turning moment. Bitcoin's Market Value to Realised Value (MVRV) ratio is approaching historically high levels, which have often been followed by market losses, especially in 2018, 2021, 2022, and early 2024, according to TheBlock. BTC may fall soon. Bitcoin's dominance dropped from 53% to 51% last week, signaling that altcoins are gaining and that BTC is losing market share.  Market mood reflected miners selling 85,503 BTC in two days, bringing their balances to their lowest monthly levels. This massive sell-off verifies Pessimism since MACD is bearish. With this trend, Bitcoin may fall to $95K or $91K instead of $100K. The Money Flow Index (MFI) shows increased buying activity, suggesting Bitcoin could soon breach $100K if momentum builds. This conflicting outlook keeps whales and average investors on edge as they anticipate a drop followed by a recovery in Bitcoin. 

Litecoin  (LTE)

As the altcoin season starts to gain traction, Litecoin popularly identified as the silver that goes righteously with Bitcoin, makes a shock comeback as the whales and the retail sector show interest into to it. Even though it is categorized as one of the old coins in the world of cryptocurrency, Litecoin has always been overshadowed by Bitcoin and Ethereum. However, one of its upgrades in 2022, the MimbleWimble, which enhances privacy and scalability, makes the coin appealing to investors. Privacy-focused currencies like Monero, Secret, and Decred are growing in popularity, especially with the impending regulatory shift by the Republican government.  This enhancement improves Litecoin's ability to offer more private transactions. Institutional investors now trust Litecoin more due to its prospective inclusion in a Spot Bitcoin ETF. On December 2, 2023, Litecoin rose 19% overnight to $122.79, rewarding almost 60% of holders. Litecoin has since risen 100% to $142, a year-to-date gain.  With its all-time high of $410 still far off, Litecoin might triple in value and reach $427, making it one of the most intriguing altcoins to follow this season.

Ripple (XRP)

As altcoin season begins, Ripple's XRP has gained 86% in seven days to $2.65, attracting whale and retail attention. The minting of approximately 10 million RLUSD stablecoins on the XRP Ledger shows Ripple's commitment to extending its ecosystem and improving liquidity solutions, driving this bullish momentum. These improvements have bolstered investor confidence, increasing institutional and retail interest. Due to the token's improving market position, many XRP users are confident about reaching $5 by Christmas. XRP's trading volume has climbed to over $39 billion in the past 24 hours, and its price has risen 430% in the last month, indicating both whales and retail investors are betting on its continued growth as a prominent altcoin.

Avalanche (AVAX)

Avalanche (AVAX) has drawn whale investors and retail traders during cryptocurrency season with its strong performance and promising future. Just behind Tron with a $21.5 billion market cap, Avalanche has witnessed tremendous upward momentum, rising 4.7% today to $52.76. This follows a 23% increase last week and a 120% spike in November, a historic era for the coin. The 20-day exponential moving average of $44 provides support against abrupt price declines, but breaking over $56 resistance might push Avalanche to $65 due to significant buying demand. The recent deployment of the Avalanche 9000 upgrade on the testnet has unlocked $40 million in developer awards, boosting the ecosystem. Strong technical indicators and a growing ecosystem position Avalanche as a leading cryptocurrency competitor, attracting major and retail investors.

Stellar (XLM)

As cryptocurrency season speeds up, whale investors and ordinary traders are paying attention to Stellar (XLM). The Stellar price has been consolidating between $0.60 and $0.45, down 2% over the past week, although sentiment remains strong. Due to a 460% spike last month, it performed well among top altcoins this quarter. Technical indicators like MACD and Moving Averages indicate buy opportunities, boosting Stellar's potential. XLM is over 45% below its 2018 all-time high of $0.93, but analysts believe it could break $1 this cycle. Stellar's price chart shows it will overcome immediate resistance and continue rising. By recruiting investors interested in its revolutionary blockchain solutions, Stellar can capitalize on the growing need for rapid, low-cost cross-border payments. Today, whales and regular investors recognize its potential, making Stellar one of the most talked-about altcoins.

Tron (TRX)

Tron is one of the most exciting altcoins to follow as altcoin season gets speed, attracting big whale investments and retail attention. The coin has doubled in value this month to $0.32, cementing its spot in the CoinMarketCap crypto top 10. Tron's $30 million investment in WLFI to strengthen its position in the U.S. blockchain industry and the decentralized finance (DeFi) ecosystem is a major cause of this spike. Tron's stablecoin dominance is also clear, with the blockchain accounting for 92% of USDT transactions across all chains. Tron is popular with crypto whales that transfer enormous sums of USDT between wallets due to its low fees. Tron's successful introduction of the Tron Sun.pump meme platform this summer piqued investor interest. Tron is a strong contender for cryptocurrency season investors due to these events.

Aptos (APT)

As cryptocurrency season heats up, whale investors and ordinary traders flock to Aptos (APT), a Layer-1 blockchain and 2024 contender. The network's sophisticated development environment and expanding Total Value Locked (TVL) indicate growing confidence and engagement in its ecosystem, making it a prominent player in the decentralized finance (DeFi) landscape. Investors were excited when Aptos broke $13, establishing new records. 

According to analysts, APT might reach a new ATH soon due to the blockchain's excellent scalability, low transaction fees, and increased acceptance of its development tools. Aptos is poised to lead decentralized finance, offering it a tempting investment option for institutional whales and ordinary investors.

Sui (SUI)

Whales and regular investors are paying attention to SUI as the altcoin season intensifies. The coin recently broke its all-time high and is approaching $5, indicating market confidence. The network's Total Value Locked (TVL) exceeds $2.9 billion, indicating increased acceptance and use across decentralized apps. Analysts are comparing SUI's price behavior to Solana's early years, suggesting a parabolic boom that might increase its value. SUI is also drawing individual and institutional investors who perceive it as a strong contender for exponential growth due to ETF rumors. SUI is quickly becoming one of the most promising altcoins of the season due to its good fundamentals and growing attention from significant players.

Toncoin (TON)

As the cryptocurrency season intensifies, Toncoin is attracting the attention of both whale investors and ordinary traders. Trading between $6 and $7, Toncoin has risen 44% in the past month, boosting anticipation for more increases. If it breaks $8, the nearest resistance level, it could reach $9. Prices are neutral, with oscillators including the Relative Strength Index (RSI) at 66.20 and Stochastic %K at 79.25, but the trend is positive. MACD indicates a purchase at 0.3963, while Momentum indicates a minor sell at 0.6230, signaling market balance. The 10-day EMA at $6.6159, 50-day EMA at $5.8345, and 200-day EMA at $5.6076 all provide buy signals, indicating a bullish trend across many periods. Toncoin's persistent upward momentum and simplicity of access on platforms like ChangeNOW without registration or hidden fees make it a viable alternative for short-term and long-term investors. Toncoin may rise more as investor confidence rises during the altcoin season.

Conclusion 

As the altcoin season gets momentum, a few coins are drawing whale and retail attention. Ripple's XRP, Rexas Finance (RXS), and Litecoin, among others, are growing rapidly due to good fundamentals, new technologies, and investor trust. In the next several years, altcoins will likely gain a lot, especially if companies put forward regulatory dynamics, contextual frameworks, or marketing. Bitcoin, the lead cryptocurrency, is likely not the only one that exists, as while Bitcoin is the leader, others are gaining the ability to play the metagame of marketing.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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