What Are Crypto Whales Up To? Why Big Players in the Market Are Focusing on Just 3 Altcoins Heading into October

September 21, 2024 - Around 4 mins mins to read

As we approach October, the cryptocurrency market is buzzing with speculation and strategic moves by crypto whales. These influential investors are shifting their focus towards three promising altcoins: Polygon (POL), Rexas Finance (RXS), and Injective (INJ). This trend is because each of the coins has its advantages and possibilities. Injective is getting popular for its decentralized finance solutions, Polygon is proving itself as a scalable blockchain solution provider and Rexas Finance is the new entrant with a strong financial platform. Knowing why these whales are focusing their investments on these particular altcoins might be useful information for investors who want to make the most out of the crypto market.

Rexas Finance (RXS)

With October fast approaching, Rexas Finance (RXS) is garnering much attention from big crypto players because of its unique model of tokenizing real-world assets such as real estate, commodities, and even art, which makes fractional ownership possible for more investors who cannot afford to invest in high-value markets. With the RXS token being priced at about $0. 04, there is significant early-stage growth potential coupled with great presales. Analysts predict that Rexas Finance is on a trajectory toward exceptional growth, potentially reaching $5 by early 2025 and $10 by the end of the year. This represents an extraordinary appreciation compared to its initial price, far surpassing the growth prospects of established cryptocurrencies. This is due to the ability of the platform to tokenize real estate comprising tangible and non-tangible valuables like properties as a disruptive elevates it above its potential competitors within the blockchain ecosystem. Given these forecasts, whales are busy buying this token with a belief that it stands a chance to make a highly enticing opportunity for large-scale investors seeking substantial gains.

Polygon (POL)

Major market players are now eyeing Polygon (POL) as it moves from MATIC to POL, a major upgrade aimed at improving the utility and staking features. This has led to an increase in whale activity with large transaction volumes reaching as high as $58. 25 million in the last one day. The upgrade brings in new features that generate fees for stakers to earn more from their stakes in addition to an inflationary token release to incentivize rewards and staking. Also, the integration of POL with the Ethereum network and compatibility with EIP-2612, which makes token approval easier, increases the project’s appeal to investors. Such attractive features, along with the increasing focus on layer-2 solutions for improvement in throughput and cost, place Polygon in the focus of significant investors as we move into October, making it a strategic asset in the context of cryptocurrencies.

AD 4nXeRJsRlo2HgvdkSXCpCHR3uMfOrX8t2NN0vqKz2XhK8YyhoUhSNDEBHDUgtGQ 8PRSBjPBknbi40aNI6he9H4eURvayLFP YJi1Cjliey8SRryRtHFFmxqbjyovjeafGSJz iujtxKKRtvWF8wf9S0saBh0?key=ytbLMZwJUeEJ jKTFlIlGg

Injective (INJ)

Large market participants are paying more attention to Injective (INJ) as it has a dynamic ecosystem growth and unique financial solutions. The latest trading bots improve trading operations, and the new NFT marketplace expands the audience interested in digital assets. Also, the incorporation of AI technologies makes Injective one of the most advanced trading platforms of the modern world that is popular among both retail and institutional investors. Google Cloud as one of the strategic partners of the company will help to expand its developer community and generate new projects within the Illuminate Hackathon. Injective on the other hand is trading at approximately $16. 46 USD with a 24-hour trading volume of around USD 61,662,521 and a market cap of about US$ 1. 61 Billion which means it is fast positioning itself as a major contender in the altcoins market which is why it is getting our attention as we see through the end of the year.

Conclusion

The accumulation of crypto whales in Injective (INJ), Polygon (POL), and Rexas Finance (RXS) in the third week of September and the beginning of October shows that whales are targeting altcoins with high growth potential. Injective’s active environment, characterized by the development of trading solutions and cooperation with such a giant as Google Cloud, makes it one of the key players in the decentralized finance industry. At the same time, Polygon’s migration to POL increases its usability and staking features, which have attracted whales’ attention due to their large transaction volumes. Rexas Finance can be said to be unique in the way it tokenizer real-world assets to open up high-value markets to more investors. Collectively, these altcoins not only depict the shifting needs of the crypto space but also provide attractive investment chances for those willing to work in the market’s uncertainty as the year progresses to the next month.