Smart Money Investors Are Preparing for the Next Bull Run, Which Could Start As Early As Next Month

XRP has emerged as the top pick for the whales, with wallets holding at least 10k XRP surging over the past few weeks.

Smart money investors are preparing for the next bull run, which could start as early as next month.

Whales are accumulating XRP and new meme coins, and here's why it matters

Whales are preparing for the next bull run by accumulating XRP and new meme coins. Here's why it matters.

Smart money investors, or those who move large amounts of capital, are preparing for the next bull run in the cryptocurrency market, which could begin as early as next month. These investors are accumulating XRP and new meme coins, and their actions could significantly influence the upcoming market trends.

Whales, or entities holding at least 10,000 XRP, have been increasing their stash over the past five weeks, according to data from Santiment. This suggests that smart money investors are anticipating a bullish breakout for XRP in August, especially if it manages to flip the $0.66 resistance.

Crucial resistance levels for XRP remain at $0.90, considering it is the upper trendline of a six-year symmetrical triangle. A bullish breakout above it could push XRP towards its all-time high.

$XRP has been consolidating within a symmetrical triangle for 6 years! A bullish breakout could occur if #XRP surpasses $0.90. pic.twitter.com/YzW3jDuvF9

Smart money investors are also stacking new meme coins

Large-cap altcoins like XRP can only offer limited returns, which is why investors prefer new meme coins. During the first quarter of this year, new meme coins helped investors earn millions in profits.

I wouldn’t buy $XRP if I only have $10,000 or less to invest. It’s not worth the time and potential outcome while there are many other and better options

Same goes for other large cap coins such as BTC or ETH. These very high ranked coins are lucrative for 6-7 figure amounts

For example, popular crypto trader Cilinix Crypto, who has over 66,000 YouTube subscribers, recently disclosed that he has purchased WienerAI (WAI), a new AI-powered meme coin.

Not only that, but WAI has raised over $9 million in its presale. Investors are impressed by its strong early demand and real-world use cases.

The meme coin will launch its own Trading Bot, which the developer team is presenting as the ChatGPT of crypto. Moreover, WienerAI has its own staking program, allowing holders to earn staking rewards at an APY of over 100%.

Deep-pocketed investors are also stacking Pepe Unchained (PEPU), the latest frog-themed meme coin that has raised over $6.6 million in a few short weeks.

Similar to WienerAI, PEPU is a high-utility meme coin that will launch its own Layer-2 chain to provide low trading costs and high staking rewards. Experts believe this could separate it from other new meme coins and attract retail investors, setting the stage for a potential 100x return, according to some investors.

The above is the detailed content of Smart Money Investors Are Preparing for the Next Bull Run, Which Could Start As Early As Next Month. For more information, please follow other related articles on the PHP Chinese website!