Tuesday, November 24, 2020
coincasso bitcoin exchange banner
Home Tips & Tricks Whale alert - a helpful tool for crypto investors

Whale alert – a helpful tool for crypto investors

Every investor who is interested in cryptocurrencies should use at least a few tools that facilitate making a profit. We have already written about the best wallets for Bitcoin storage – so it’s time to present a tool that facilitates predicting cryptocurrency price fluctuations.

Who is “a whale”?

The word “whale” is often used in the cryptocurrency communities. It defines the user’s wallet with a large amount of virtual currency – for example, Bitcoin. These wallets are usually anonymous.
Investors and crypto fans say that it is the “whales” that control cryptocurrency prices. Depending on the actions taken, they can arouse euphoria or panic and cause a sudden purchase or sale of a given cryptocurrency.

What is the Whale Alert?

Whale Alert is a website associated with a Twitter account. The site provides free real-time tracking of large cryptocurrency transactions. The preview contains the date, time, amount and information about where and where the funds were sent from.
Twitter works differently – posts appear when really huge amounts of cryptocurrencies are transferred. It is also possible to enable live view and receive notifications whenever a large transfer occurs.

Transaction tracking – how does it work?

At the moment, Whale Alert offers a preview of several of the most popular cryptocurrencies: Bitcoin, Ripple, Ethereum, Stellar, Tron, EOS, BNB, NEO, Tezos, ICON and STEEM.
Storing cryptocurrencies on stock exchanges involves the risk of theft – that’s why investors most often store their funds in wallets disconnected from the Internet, so-called “cold wallets”. Observing transfers gives you the opportunity to predict whether the price will rise or fall.
Usually, when an anonymous user transfers a large amount of cryptocurrency to the stock exchange, this can result in a price drop – supply is rising, demand does not change. In the case of a transfer from a stock exchange to a private wallet, the opposite can happen – prices are rising, as quantities have been decreased. However, this is not a rule.
Whale Alert is a useful tool for speculation. It is especially recommended for those who want to keep up with the market, but do not have time to control prices and transactions for several hours a day.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sidebar Widget
USD
EUR
PLN
RUB
bitcoinBitcoin (BTC)
$ 18,503.59
ethereumEthereum (ETH)
$ 615.26
tetherTether (USDT)
$ 0.999783
rippleXRP (XRP)
$ 0.706492
bitcoin-cashBitcoin Cash (BCH)
$ 364.72
litecoinLitecoin (LTC)
$ 91.02
tronTRON (TRX)
$ 0.037042
moneroMonero (XMR)
$ 137.63
dashDash (DASH)
$ 113.26
eosEOS (EOS)
$ 3.69
dogecoinDogecoin (DOGE)
$ 0.004100
bitcoinBitcoin (BTC)
15.606,09
ethereumEthereum (ETH)
518,92
tetherTether (USDT)
0,843226
rippleXRP (XRP)
0,595862
bitcoin-cashBitcoin Cash (BCH)
307,61
litecoinLitecoin (LTC)
76,77
tronTRON (TRX)
0,031242
moneroMonero (XMR)
116,08
dashDash (DASH)
95,52
eosEOS (EOS)
3,11
dogecoinDogecoin (DOGE)
0,003458
bitcoinBitcoin (BTC)
69,765.29
ethereumEthereum (ETH)
2,319.75
tetherTether (USDT)
3.77
rippleXRP (XRP)
2.66
bitcoin-cashBitcoin Cash (BCH)
1,375.13
litecoinLitecoin (LTC)
343.18
tronTRON (TRX)
0.139662
moneroMonero (XMR)
518.92
dashDash (DASH)
427.03
eosEOS (EOS)
13.91
dogecoinDogecoin (DOGE)
0.015458
bitcoinBitcoin (BTC)
1,410,230.83
ethereumEthereum (ETH)
46,891.37
tetherTether (USDT)
76.20
rippleXRP (XRP)
53.84
bitcoin-cashBitcoin Cash (BCH)
27,796.74
litecoinLitecoin (LTC)
6,936.99
tronTRON (TRX)
2.82
moneroMonero (XMR)
10,489.32
dashDash (DASH)
8,631.99
eosEOS (EOS)
281.23
dogecoinDogecoin (DOGE)
0.312477
Sidebar Post
coincasso bitcoin exchange banner

Latest News

CBDC becoming more and more popular

More and more countries are planning and developing the emission of their own crypto. Lithuania announces the launch of its CBDC in July, while...

Bitcoin versus gold, what is a better investment?

Since the global COVID-19 pandemic, people have been looking for an alternative to keeping their savings in their domestic currencies. Some of them choose...

The Medical University of California forced to pay the ransom

Hackers hacked into Medical University computers and demanded a ransom for unlocking the data. After not very fruitful negotiations, the hackers received 116.4 BTC. A...

Blockchain e-voting system was attacked

Bitfury working for the Russian government was attacked at the weekend. Are innovative solutions safe? Problems in the Russian voting system  The Russian system of voting...

Crypto-powered online game tournaments are the future of this market

The Counter-Strike stars will soon be taking part in a cryptographic tournament, while fans will be able to bet on the score with VRA...