These 10 Assets Are Set for Possible Upswings as They Enter Accumulation Phase

$HBAR, $BONK, and $XRP are in the news as more assets are entering the accumulation phase. A report from Phoenix Group highlights the ten assets

cryptonews.net compiled a report from Phoenix Group, listing 10 assets currently in the accumulation phase. The accumulation phase is usually accompanied by high trading volume, indicating that institutional investors or retail traders are preparing for a directional move.

In this list, the ten assets are HBAR, BONK, POLYX, STG, PROS, OKT, XRP, NEO, NOT and FLOKI.

The accumulation phase typically has stable prices as large buyers strategically purchase assets in large quantities to signal that a breakout is imminent.

Hedera or HBAR is known for its access to Hashgraph consensus, a consensus technology that enables fast, secure and sustainable transactions. HBAR, which has a market capitalization of $5.34 billion, has seen its latest day's accumulated activity suggest it is once again on the radar, most likely from institutional investors who are betting on the value of its enterprise.

Meme coin Bonk (BONK), on the other hand, is an outlier with its $3.83 billion market cap. Although it started as a meme, its accumulation shows that it has attracted attention and investment from the cryptocurrency community, thus indicating an underlying shift in mentality and hype.

Another key player is Polymesh (POLYX), which aims to develop regulated agency-friendly blockchain solutions, with a market cap of $299.75 million and a cumulative time of 1 day, and there is interest in its compliant financial space.

DeFi asset Stargate Finance (STG) is on the rise with a total market cap of $66.33 million and an accumulation time of 1 day. This wave of trends illustrates the growing popularity of such DeFi applications, which are set to transform the existing financial industry.

Prosper (PROS), another popular blockchain prediction market platform, has also increased cumulatively, with its market capitalization at $32.71 million. This new wave of momentum shows optimism about prediction markets, which have exploded in popularity since the rise of DeFi.

OKT Chain (OKT), with a market capitalization of $159.73 million, is in a 48-hour accumulation period. As a scalable blockchain, OKT Chain will facilitate cross-chain communication in the future, which is increasingly necessary in the developing crypto universe, and OKT Chain has the potential to establish itself in the development model.

XRP, one of the widely recognized cryptocurrencies, has a market capitalization of $62.57 billion and an accumulation time of 3 days. This suggests a positive view of its ongoing legal cases and anticipation of future expansion.

Another asset is NEO, the well-known “Chinese version of Ethereum”, with a market value of US$902.9 million.

Remaining assets that recorded significant trading volume include Notcoin (NOT), which has a market cap of $806.54 million and also experienced a 3-day accumulation period.

One of the most talked about meme coins, Floki (FLOKI), is currently in a four-day accumulation phase and has a market cap of $2.41 billion. The accumulation phase may indicate an impending wave of price volatility, as the cryptocurrency remains invested in memes and community projects.

The Accumulation Phase is a leading indicator that the market is in different stages before significant price movements. These ten assets, like XRP, NEO, HBAR, Stargate Finance Prosper, and more, are all set to prepare for a possible upward trend. All investors and traders should keep an eye on these assets, as the accumulation phase often marks the beginning of a big move.

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