In the extremely volatile cryptocurrency market, there are thousands of different cryptocurrencies and numerous new crypto projects. Popular cryptocurrencies like Bitcoin, Ethereum, and many other recent additions are very attractive to cryptocurrency investors. Crypto whales are the market’s dominant figures and can hold a sizable amount of cryptocurrencies for trading.

So let’s look at some of the top ten cryptocurrencies that crypto whales can purchase in December 2022.

The top 5 best cryptocurrency that crypto whales are buying in December 2022

Cardano

Popular decentralized blockchain platform Cardano uses the proof-of-stake (PoS) consensus to run transactions. The platform uses smart contracts to enable the development of different DApps (Decentralized Applications) and DeFi protocols on its network.

Cardano has grown to be one of the most well-liked blockchains among developers and has produced more than 800,000 NFTs on its platform thus far. It offers swift transactions and long-term scalability, which contributes to its popularity. Cardano can process up to 250 transactions per second (TPS), compared to Ethereum’s 15 TPS.

Cardano is part of this list because of the recent activity of whales in last few months. As per the tweet by WhaleStats – the top 1000 BSC richlist on November 14, Cardano (ADA) is back on top 10 purchased tokens among 100 biggest whales in the last 24hrs. In addition to this on December 10, WhaleStats – the top 1000 BSC richlist tweeted ADA is  one of the MOST USED smart contracts among top 2000 whales in the last 24hrs.

Since its release in 2017, ADA has generated enormous returns for users, rising by more than 2,300%. ADA has a market cap of $18 billion and is currently trading at $0.3046 per token.

Bitcoin

Bitcoin is the most valuable cryptocurrency in the world. A whale investor in terms of Bitcoin is the who owns 1,000 or more BTC tokens. The crypto whales tracker shows that nearly 40% of the BTC tokens are held by whales. With a price of $17,117 right now, Bitcoin might be among the best cryptocurrencies to buy in December 2022. Notably as per the coinmarketcap data the live market capitalization of Bitcoin is  $330.4 billion.

As per Coingape reported on December 10, Whale alert tweeted that BTC whales have transferred 9,901 BTC (169,772,480 USD) transferred from unknown wallet to Kraken. Since BTC price have just crossed $17k and up by nearly 2% today indicates top crypto whales may buy top cryptocurrency in December 2022. 

Ethereum (ETH)

Ethereum is an open-source decentralised blockchain system with its own cryptocurrency, Ether. ETH serves as a platform for the execution of decentralised smart contracts as well as a platform for numerous other cryptocurrencies. Crypto whales always have their eyes on Ethereum.

As per the tweet by on-chain platform Santiment on November 22, large Ethereum whales added nearly 947,940 ETH worth more than $1 billion. Recently as per the tweet by Santiment data, on December 7, Whales and sharks have added more Ethereum (ETH) at the current price level, while prices fluctuate around $1,230. This indicates crypto whales continues to buy this top altcoin in December 2022.

XRP

The native token of Ripple’s open-source, permissionless protocol is called XRP. Ripple wants to be the top cryptocurrency solutions provider for businesses by utilising blockchain technology.

When processing transactions on a global scale, Ripple provides business and financial institutions with transparent, efficient, and affordable solutions. Notably as per the tweet by whale alert on December 12,  49,926,217 XRP worth of $18,843,741 were transfered from Binance wallet to another unknown wallet.

Transactions for fiat currencies, well-known cryptocurrencies like Bitcoin, and even different commodities can be facilitated by the decentralised platform. With a price of $0.3771 right now, XRP may become the part of whale buying list in the year 2022.

Battle Infinity

Battle Infinity is a decentralised project that uses blockchain technology to enable users and creators to take part in various play-to-earn (P2E) games. The project is catching the attention of crypto whales because of its exciting roadmap that includes six new products in the NFT, DeFi, and gaming sectors. As per the prediction by McKinsey & Company, the metaverse could be worth up to $5 trillion by 2030. Notably, the goal of Battle Infinity is to create an immersive gaming world.

Battle Infinity’s current price is $0.001915 USD, with a 24-hour trading volume of $203,385 USD. In the last 24 hours. The price has dropped 4.52%.  There is no circulating supply and a maximum supply of 10,000,000,000 IBAT coins.

The post Top 5 Cryptocurrency That Crypto Whales Are Buying In December 2022 appeared first on CoinGape.

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Filed under: News - @ December 13, 2022 7:13 am