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Whale activity and its impact on the prices of stars (Xlm)
The world of cryptocurrency was dominated by a small group of individuals known as „whales” who maintain a significant part of the total market offer. These powerful investors have a deep impact on the price movements of their favorite cryptocurrencies, including Star (XLM). In this article, we will review the concept of whales and their impact on the prices of stars.
What are whales?
Whales apply to large and experienced cryptomic traders who maintain a significant amount of coins for a long time. They usually act outside traditional market structures, allowing them to accumulate huge wealth through trade and speculation. The term „whale” was created in the 1980s as colloquial for the largest and strongest Wall Street whales.
How do whales affect the prices of stars?
Whales play a decisive role in shaping the movements of stars (XLM) due to their great power of maintaining and business activities. Here are a few important ways to affect Xlm’s prices:
1 If they start selling or buying a significant amount of coin, this may cause prices to move on the basis of a collective opinion of other investors.
- Offer and demand : The number of whales maintained by XLM defines the tone of the offer and demand on the market. When more whales enter the market with a large volume of XLM, it creates a cycle of samoporm that increases or lowers prices.
- This activity can create volatility and affect prices movements.
- Liquidity : whales usually maintain a large amount of XLM in or invest in their wallets through various assets. This liquidity contributes to the marketing of the currency that can affect prices.
- Network effect
: The collective power of buying and sales of whales creates a network effect that drives price movements. When whales enter the market with a large volume of XLM, cumulative shopping pressure increases.
Whale activity examples that affect star prices
To illustrate the influence of whales on star prices, consider the following examples:
- This event caused a huge sale in January 2020, which influenced prices throughout the year.
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March 2021
: Investing in Whales in XLM led to an increase in purchasing pressure, increasing prices by more than 50% in a few hours.
Conclusion
Whale activity plays an essential role in creating the movement of stars prices (XLM). Massive retention force and negotiating activity of these influential investors can create cycles of separate reform that increase or reduce prices up or decrease. In the case of information about the impact of whales on XLM prices, it is necessary to thoroughly monitor the feeling, supply and demand for the market, negotiating activity, liquidity and network effects.
When the cryptocurrency space is constantly evolving, it is essential that investors and market participants remain informed about whale activity and its potential impact on the prices of stars (XLM).
