- Whales are reported to be aggressively accumulating assets above $500 million market cap, with Kucoin (KCS) and Ethena (ENA) standing out.
- Floki, which also made the list of top coins traded by whales over the week, has been predicted to hit $0.0001.
The crypto market is building momentum towards the weekend as its valuation surges by 1.42% to $3.01 trillion. According to our market data, the general Fear and Greed Index of the broad market is almost entering the Greed territory as whales aggressively accumulate assets above the $500 million market cap. With the latest Santiment data as a basis, our analysts have compiled a list of tokens that could make a great run over the weekend.
Worldcoin (WLD) Price Analysis
WLD has currently emerged as one of the best-performing assets in the market, printing 32% gains on its monthly price chart and 6% gains on its weekly chart. With a price of $1.03 and a market cap of $1.36 billion, WLD has cemented its position as the 57th largest crypto.
As discussed earlier, its founder, Sam Altman, is reported to have introduced World ID and Orb verification to the US. On top of this, Coinbase is rumoured to be considering its listing, with several of this bullish news said to be in the pipeline. Based on its all-time high price of $11, WLD has been tipped as a potential 10x token.
Ethena (ENA) Price Analysis
ENA is struggling to hold its current position as it incurs losses across all the major trading sessions. Our market data shows that the asset has declined by 6.76% in the last 24 hours, 14% in the last seven days, 13% in the last 30 days, 57% in the last 90 days, and 67% from year to date. With a price of $0.3 and a market cap of $1.72 billion, the asset exists as the 50th largest crypto in the world.
Regardless of its current trend, ENA has been tipped for a bullish reversal this weekend due to its rising whale activities. According to Santiment data, staked Ethena (sENA) became the third most engaged asset by whales with a 567% increase in transactions.
Additionally, its price could be impacted by the recent partnership with Alchemy, as detailed in our recent blog post.
Kucoin (KCS) Price Analysis
KCS is the official token of the crypto exchange Kucoin. Data shows that KCS has surged by 3.4% in the last seven days to trade at $10.75. With a market cap of $1.34 billion, the asset is currently the 58th largest crypto.
Our analysts tip KCS for a bullish reversal due to its impressive whale activities. Santiment data has highlighted that whale activities for this asset exceeded $100,000 with a 1000% surge in just a week.
Floki (FLOKI) Price Analysis
As of the time of writing, Floki was trading at $0.000084 with a market cap of $812 million. According to our market data, the asset rose by 19% in the last seven days and declined by 4% in the last 24 hours. However, its whale transactions surged by 224%.
Based on the ongoing trend, Floki could stage a bullish reversal this weekend to “kill” an additional zero, as previously mentioned in our analysis.
Credit: Source link
