Written in CRYPTO he
Despite the negative impact that the market for cryptocurrencies In most of the fifth month of the year, as a result of the planned changes to the US debt ceiling and the debates in the US Congress, both situations caused investors to have reservations about their way of placing assets, but managed to boost recovery at the end of May.
According to on-chain data, compiled by the specialized firm Be in Crypto, digital assets such as SingularityNET (AGIX), The graph (GRT) and amount (QNT) attracted the attention of big investors, also known as whales.
In detail the cost of the QNT that had a difficult month of May, registering falls of 14%, but thanks to a group of whales the balance was able to grow; In fact, between May 23 and 31, purchases with a value of 46.4 million dollars were issued in operations with 400,000 QNT tokens, which encouraged the value of the asset since May 26.
“Hence, if this trend continues, Quant (QNT) holders can expect the ongoing price rally to turn into a prolonged bull run in June,” Be In Crypto noted.
Another aspect that the cryptocurrency market is excited about is related to the development of Artificial Intelligences, for the second half of the year, the trend for assets such as SingularityNET (AGIX) is gaining ground.
According to the firm, since the fourth month of the year, the whales began with the purchase of AGIX, according to information from on-chain, after a brief profit-taking period at the beginning of May, the purchase of this asset began again. .
How much did the whales put into this asset? In the last 15 days of May, 24 million AGIX were invested. In this sense, Be In Crypto indicated that the Whalesalmost on their own, could trigger another AGIX price rally if they continue to buy.
Another asset related to AI that is gaining ground among large investors is The Graph (GRT), in fact in the last week of May the balance stood at 10 million contained in 1,000 million GRT tokens, but in this period 70 were added millions of GRT tokens.
“At current market value, the new investment made by the cryptocurrency whales It has an approximate value of 9.3 million dollars,” the company detailed.
It should be noted that the whales have a significant influence on the blockchain, hence the investment power they have affects the price of other assets, so we must be attentive to the value of the altcoins in June, the firm forecast.