XRP, Ethereum Dip Has Some Whales Eye New Altcoins Best Wallet Token and Human Protocol
The pullback across the crypto market is continuing today, with Bitcoin down nearly 4%. Other major tokens have fared even worseEthereum is down nearly 7% and XRP has fallen 4%.
The wave of selling has led crypto whales and major investors to flee from their top token holdings, kicking off even more selling and driving the market lower.
However, some of these whales havent simply been holding cash. Instead, theyve been rotating into new altcoins like Best Wallet token ($BEST) and Human Protocol ($HMT), creating a roadmap for potential profits that other investors can follow.
Crypto Rout Extends Throughout Mega-cap Tokens
What started as a small dip in prices has turned into a full-blown rout of the crypto market in the past week. Bitcoin has fallen from an all-time high of $109,000 in November to less than $80,000 overnight. Its now trading around $82,000, but the largest cryptocurrency has not yet reestablished momentum.
Ethereum has performed even worse, continuing its streak of lagging Bitcoin over the past year. Its down 23% in the past 7 days.
In fact, of the top 10 crypto tokens by market cap, only Solana has posted a gain in the last 24 hours. None of the top 30 tokens by market cap are in the green over the past 7 days.
Whales Shift into Best Wallet Token, Human Protocol
The rout is primarily a result of forces beyond the crypto market. The S&P 500 is also down 2.5% this week as investors second-guess the strength of the AI-fueled economic boom and whether US President Trumps tariffs are likely to disrupt the global economy. The significant and sudden risk-off shift has hit cryptocurrencies harder than other sectors of the market.
Its not yet clear whether the end is in sight, but some technical indicators suggest that the market may be nearing a bottom. Bitcoins relative strength index (RSI) is currently at 26. Levels below 30 are often interpreted as an asset being oversold.
That means this could be a buying opportunity for investors. However, with selling continuing, it seems that whales are focusing their attention on altcoins with more growth potential once the market recovers.
Specifically, several whales have shifted money into two emerging tokens: Best Wallet ($BEST) and Human Protocol ($HMT).
Best Wallet Unlocks Seamless Access to Crypto Market
Best Wallet is a Web3 wallet platform and no KYC crypto exchange packed with features, including an integrated DEX, token staking, a crypto gaming hub, and more. It supports more than 50 major blockchains, including Bitcoin.
The $BEST token offers Best Wallet users generous perks like reduced fees at the Best DEX, boosted staking rewards on popular tokens, and early access to new projects featured on Best Wallets Upcoming Tokens launchpad.
Some analysts think $BEST could be one of the most popular platform tokens once the bull run resumes, which could be why those whales are rushing into the Best Wallet presale right now. YouTuber Crypto Gains even called the token an easy 10x.
$BEST is available for grabs on presale now, with the projects fundraising being pushed past $10.5 million. Early investors can also boost their returns with $BEST staking rewards of up to 151% APY.
However, the next price increase in the Best Wallet token presale is just a few hours away.
Human Protocol Sees Surging Interest as AI Enabler
Human Protocol is a decentralized marketplace for businesses and freelancers. It offers a wide variety of tools, including productivity apps to help businesses get more done and payment solutions to enable selling in Web3.
The project has been around for several years, and even received an early endorsement from web security firm Cloudflare in 2021. Its bucked the crypto markets recent downward trend, posting a 46% gain over the last 7 days of trading.
Thats in part because of the whales who have focused on Human Protocols potential for hiring and payment for AI-related tasks, like data labeling and output review. That positions it to be an interesting support for the Web3 AI economy as that sector of the crypto market continues to grow at a rapid pace.
The $HMT token is used for payments and rewards in the Human Protocol ecosystem, tying its value directly to the growth of this platform. So, an explosion in interest around using Human Protocol to power the AI economy could send the $HMT token price soaring.
$HMT is available to trade on Uniswap and several centralized exchanges, including MEXC, CoinEx, and Gate.io.
Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatos full disclaimer.
The post XRP, Ethereum Dip Has Some Whales Eye New Altcoins Best Wallet Token and Human Protocol appeared first on CryptoPotato.
Text source: CryptoPotato
