While the cryptocurrency market is relatively unstable with a significant drop in the prices of some assets, including bitcoin (BTC) and ether (ETH), some digital assets are doing well.Despite the crisis, the Dogecoin (DOGE) ) for example. , now one of the most sought after cryptocurrencies by whales.
Increased interest in Dogecoin (DOGE)
Dogecoin (DOGE) is not immune from the crisis that is currently shaking the cryptocurrency market. In fact, its price, like some other digital assets, is falling. But, paradoxically, according to WhaleStats data, DOGE was featured in the Top 10 most purchased tokens on the BNB blockchain for the past 24 hours.
DOGE is in the top 10 ranking along with a number of other digital assets, namely BNB, ETH, AAVE, USDC and five other altcoins. It is currently owned by the 8e square. At the same time, statistics show that whales have a strong interest in DOGE despite the general decline.
At the time of writing, BSC whales have a total of $ 11,944,257. This corresponds to approx 212,778,360 tokens, representing 1.08% of their composite portfolio. Other altcoins in the BSC chain are also of interest to investors. These are especially cases of ÁD and of XRP, representing respectively 1.46% and 1.32% market shares.
Investor fears rise
Investors and whales show genuine interest in DOGE. However, the cryptocurrency could soon enter a troubled period. In any case, this is what DogecoinFear recommends on Twitter. According to the user of this account, DOGE’s fear rating dropped to 13.
What does that mean? Simply put, the digital asset instills fear in the ranks of investors. In fact they are extremely worried. That said, this increase in fear may also be a good sign of investor ranks. In fact, in general, when the fear index increases, many investors leave the market. This is then an opportunity to make investments.
Dogecoin (DOGE) is currently one of the most popular cryptocurrencies on the market despite the general decline in prices. It is trading at about 92% below the all-time high of $ 0.7376, but that does not worry both investors and whales. Conversely, the latter makes the digital asset one of the most popular in the market.
Source: U.Today
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