CryptoQuant founder Ki Young Ju believes crypto whales are positioning in anticipation of the upcoming altcoin rally across ecosystems, including RACA, which is built on the BNB Chain blockchain. Ju’s analysis focused on the 1-year cumulative bid/ask quote volume difference for altcoins, a metric that measures the spread between buy and sell limit orders using a one-year period.
The analyst explained that whales prefer limit orders to avoid slippage, and the rising level of this metric suggests a growing number of buy limit orders among large cryptocurrency investors and institutions, representing “strong buy barriers” of future demand for altcoins. In the case of RACA, trading data from Coinmarketcap also points to a large movement of whales.
In line with altseason, cryptocurrency analyst Jamie Coutts recently shared a corroborating altcoin market prediction. He cited the Top 200 Equal Weight Index as evidence that we have reached a market bottom, signaling a potential rally in altcoins.
RACA is prepared for this new altseason thanks to its commitment to the community and recent releases, such as the RACA 4090 AI Pack, which unites the cryptocurrency market with the potential of artificial intelligence. These efforts demonstrate RACA’s ability to innovate and adapt to market trends, strengthening its position at the forefront of decentralized technology transformations.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
