- The gathering of the polygon of whales: Big investors bought 120 million MATIC, an investment of 90 million.
- Chainlink activity growth: Chainlink (LINK) experienced a spike in whale transactions, with over 2,600 transactions exceeding 100,000 each.
- Growth Potential for Dogecoin: Dogecoin (DOGE) is facing a significant inflection point, with the potential to double in value to 0.14 if it clears the 0.087 barrier.
Ali Martinez, a well-known cryptocurrency analyst and trader, shared this with his 34,000 followers on the social media platform According to Martinez, these crypto whales earned no less than 120 million MATIC last week, which is equivalent to a huge investment of almost 90 million.
Chainlink Attracts Whales’ Attention
Additionally, Martinez pointed to a notable increase in activity from Chainlink (LINK), a prominent blockchain oracle provider. He highlighted that LINK recently witnessed the biggest increase in whale transactions of the year, with more than 2,600 transactions, each exceeding 100,000. This increase in activity may be an indication of increased interest and movement in the LINK market.
Dogecoin is preparing for a Potential Breakthrough
An Ambitious Goal for DOGE
Finally, the entrepreneur addresses the potential of Dogecoin (DOGE), the popular meme cryptocurrency. According to their analysis, DOGE is facing a critical barrier on the weekly chart, located at 0.087. This key point is determined by the convergence of the 0.786 Fibonacci level and the 100-week and 200-week exponential moving averages (EMA). Martinez suggested that if DOGE breaks through this level, it could work to almost double the current price, with a potential target of 0.14.