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After Dogecoin Surge, Crypto Whales Are Buying These 3 Altcoins

The altcoins market was revitalised by a huge price increase thanks to last week's crypto surge, which was led by Dogecoin (DOGE). Large cryptocurrency investors had to prioritise some altcoins over others in order to accumulate more of them. Despite a slight decline over the weekend, the price of DOGE continues to dominate the market environment. The top memecoin is currently up by about 104% from a week ago on a weekly basis.



After Dogecoin Surge

Dogecoin's (DOGE) crypto surge from last week revitalised 

The altcoin market with a notable price increase while certain altcoins experienced enormous growth.

The altcoins market was revitalised by a huge price increase thanks to last week's crypto surge, which was led by Dogecoin (DOGE). Large cryptocurrency investors had to prioritise some altcoins over others in order to accumulate more of them. Despite a slight decline over the weekend, the price of DOGE continues to dominate the market environment. The top meme coin is currently up by about 104% from a week ago on a weekly basis.

On October 27, Elon Musk took control of Twitter in an official capacity, which caused Dogecoin to soar and, as a result, the whole cryptocurrency market. In this regard, there is talk that Musk may permit Dogecoin (DOGE)-based membership fees for Twitter. As of this writing, the price of DOGE is $0.12613, up 7.1% over the previous day, according to the market monitoring site CoinGabbar.

A Brief Altcoin Season Has Arrived.

In the meantime, it appears that the crypto whales are stockpiling a few altcoins following the most recent price increase driven by DOGE. Several altcoins are reportedly seeing an increase in buying activity, according to crypto influencer Ran Neuner. "3 altcoins are being aggressively accumulated by crypto whales." He claimed that because Chainlink (LINK) has been trading in the accumulating range for so long, it is cheap. The tokenomics have abruptly changed.

The influencer said that now is an excellent time to build up your LINK portfolio. A significant modification to Chainlink's tokenomics is the cause. "LINK can no longer be disregarded." According to price monitoring site CoinGabbar, the price of LINK is currently $7.85, up 5.01% in the previous day. On the platform, LINK is presently rated 21 based on market capitalization. He added that given Elon Musk's purchase of Twitter, DOGE's growth prospects are currently very favourable. Even yet, he questioned whether Dogecoin would eventually be incorporated into Twitter's many use cases.

The FIFA World Cup Is Boosting Crypto

The 42-ranked Chiliz (CHZ) token may be a solid buy opportunity, according to Neuner. CHZ could increase as the FIFA World Cup approaches because it is one of the most well-liked fan tokens. As of this writing, the price of a CHZ token is $0.2192, down 0.82% from the previous day. The opening day of the FIFA World Cup Qatar 2022 is set for November 20.

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