Whales In Cryptocurrency | Impacts Of Whales In Crypto Market

in Steem Alliance4 months ago
Greetings to all!

Asslamo-alikum to all of my friends of Steem Alliance Community.Is everything is ok? my friends.Hope mine friends are doing well at back at work after the weekend.I am here again with the new topic for posting about cryptocurrency.Mine today's post is all about whales in cryptocurrency.How they can impact the market and their advantages.

What Are Crypto Whales In Cryptocurrency?

Definition:- Whale in cryptocurrency is a investor of cryptocurrency, who has invested a large amount of money in the cryptocurrency.Crypto whales are very large investors in cryptocurrencies, investing heavily in many different cryptocurrency projects and causing the market price to rise.Crypto whales are the richest people in the world who invest huge amounts in cryptocurrencies.Crypto whales look at a lot of cryptocurrencies, then look at their futures then they stack the low price ones and the high price ones and hold them.

After that they, invest them heavily and the futures.When their value increases in number, they also earn profit from them.They have lot of crypto assets and they can control the crypto market.In which project they invest, they can make tham at better position and these currencies can pump and their market value increase.These whales are the top investors of the cryptocurrency's market.

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Freepik

Explanation:- A crypto whale is basically the wallet that has stored the large amount of crypto assets and all the traders and investors keep an eye on them, because they can change the market value of different crypto assets, which is very necessary for the trader and investors.They can also penetrate the market, because if they want to remove the investment from any crypto project, the price of the assets will automatically decrease because they remove large amount of investment.

Whales refers to the huge thing, like in steemit we used the word Dolphin which is very similar to the whales, in steemit when we power up a large amount of steem power, we used the word Dolphin.From 5k Sp to 1 Lakh Sp, we used the word Dolphin in steemit.If we gain more than lakh sp then we can use and known as the whale in steemit.So, storing large amount of cryptocurrency is known as crypto whales.

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Freepik

Crypto whales also make an impact on the liquidity of crypto market, because they store large amount of crypto assets in a wallet and they can't move them, because they didn't do transactions very soon, and that's why they impact the crypto liquidity in the cryptocurrency's market.These whales are very important for the cryptocurrency's market because investment is very necessary and they do investment.

Advantages:- Advantages of crypto whales in crypto market is that, they do very large amount of money as a investment in different crypto assets.Crypto market is very large and it's depends on different tactics, and investment is the one of major thing, So these whales invest in the crypto market, which is very necessary for the cryptocurrency's market.

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Freepik

Market price and liquidity of crypto assets is also very important, and these whales while storing the largest amount of assets, the price of these assets has been automatically increase and when they store for long time, they impact the liquidity as well.So, these are the advantages of cryptocurrency's whales.

Conclusion:- So friends, that's all about whales in cryptocurrency.They are the investors, that store a large amount of cryptocurrency's assets and they also impacts the cryptocurrency.They are very important for the market.I hope mine all friends will understand about whales in cryptocurrency after reading this post.

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