Whale activity and its influence on stellar prices (XLM)
The world of cryptocurrency has been dominated by a small group of individuals known as “These are a deep impact on the price movements of their favorite cryptocurrencies, including Stellar (XLM). Stellar price.
** What are the whales?
The whales refer to important and experienced cryptocurrency traders who hold large amps of coins for long periods. They often operate outside traditional market structures, which allows them to accumulate a large wealth thanks to trade and speculation. The term “whale” comes from the 1980s as a family for the most important and powerful whales of Wall Street.
** How do whales influence stellar prices?
The whales play a crucial role in the formation of stellar price movements (XLM) because of their maintenance power and their massive commercial activity. Here are some key ways whose whales influence XLM prices:
1 and 1 The collection of the collection.
- Offer and request : When more whales enter the market with a large volume of XLM, this creates a self-reproductive cycle that raises or lower prices.
- This activity can create volatility and influence price movements.
- Liquidity : Whales often contain large amatives of XLM in their wallets or invest there through various assets. This liquidity contributes to the marketing of the part, which can have an impact on prices.
- Network effect : While more and more whales enter the market with a large volume of XLM, the cumulative purchase pressure increases.
Examples of activity activity influencing stellar prices
Stellar price, consider the following examples:
1 and 1 This event sparked a massive sale in January 2020, which assigned prices throughout the year.
2
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Conclusion
The activity of whales plays a central role in the formation of stellar price movements (XLM). Cycles that increase or lower prices. Sensation of the market, supply and demand, commercial activity, liquidity and network effects.
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