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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: MrSpasybo on March 03, 2024, 07:06:28 PM

Title: ARKM: Qklpjeth continues to accumulate (2024.03.03)
Post by: MrSpasybo on March 03, 2024, 07:06:28 PM
I - Onchain data from 52Hz Onchain (https://t.me/Onchain52Hz/5590) (in Vietnamese)

Qklpjeth withdrew another 1.01M ARKM from Binance.

The total volume of ARKM tokens that Qklpjeth has accumulated in the past day has reached 4M ARKM ($9.86M), accounting for 2.6% of the total circulating supply[1].

(https://talkimg.com/images/2024/03/03/yZAno.jpeg)

In just one day of accumulation, Qklpjeth has gained $1M, currently showing continued accumulation.

Whales are continuing to accumulate, leading to a 7-day average entry price increase from $2.06 to $2.3.

(https://talkimg.com/images/2024/03/03/yZuOa.jpeg)

According to data from Scopeschat: Qklpjeth and other whales continue to expect ARKM to reach a higher price range as it benefits from the narrative surrounding AI.

II - Technical analysis

RSX = 88.31, showing that ARKMUSD has increased in price very strongly in recent times.

DMI+ > DMI- and DMI- are also at extremely low values ~ 4.5, but ADX has not shown any decreasing signals to confirm the reversal of the trend.

(https://www.tradingview.com/x/a3D2FiHJ/)

[1] Money Flow Qklpjeth (https://scan.0xscope.com/moneyFlow/0x81da471d495dd50d5965351bdad1570f2ef5d95e?id=1764275874544885760&network=eth&pp=52Hz)

Title: Re: ARKM: Qklpjeth continues to accumulate (2024.03.03)
Post by: KryptoBull on March 05, 2024, 11:40:35 PM
Quote from: MrSpasybo on March 03, 2024, 07:06:28 PM
Qklpjeth withdrew another 1.01M ARKM from Binance.

The total volume of ARKM tokens that Qklpjeth has accumulated in the past day has reached 4M ARKM ($9.86M), accounting for 2.6% of the total circulating supply[1].
ARKM is continuing to be accumulated by whales. I hope this is a good sign and whales will push the token price up to take advantage of the uptrend instead of having to dump the token price lower to be able to accumulate more tokens for the next phase.

The onchain data is quite clear, it just doesn't tell us whether the number of tokens the whales has is enough for them to start pumping. Holders will need a lot of faith and perseverance to continue to hold and expect ARKM's continued growth.
Title: Re: ARKM: Qklpjeth continues to accumulate (2024.03.03)
Post by: Trongduy on March 06, 2024, 03:49:58 PM
Quote from: KryptoBull on March 05, 2024, 11:40:35 PM
ARKM is continuing to be accumulated by whales. I hope this is a good sign and whales will push the token price up to take advantage of the uptrend instead of having to dump the token price lower to be able to accumulate more tokens for the next phase.

The onchain data is quite clear, it just doesn't tell us whether the number of tokens the whales has is enough for them to start pumping. Holders will need a lot of faith and perseverance to continue to hold and expect ARKM's continued growth.
With onchain data like this, cumulative buying is more grounded, not just fear when prices fall and greed when prices rise. Big whales continue to accumulate, there is no reason for us to jump in to short or sell to take profits, all we need to do is follow the big whales and accumulate with them depending on our financial ability.

I think a new coin like ARKM has real services and real users, its price will gradually increase in the future. The data it provides is really useful!