Data from Crypto AI has highlighted four tokens considered “Gems by Smart DEX Traders” as they near the price range where these traders have been accumulating: MKR, ONDO, TAO, and INJ.
1. MKR: Over the past seven days, MKR has seen an accumulated volume of $614.7K, with traders buying at an average price of $2.76K. The current price of MKR is $2.68K, indicating potential buying opportunities.
Notably, wallet 0xcf9b has purchased $2.56M worth of MKR in the last 10 days, at an average price of $2.65K.
2. TAO: With an accumulated volume of $586.8K in the past seven days, TAO was bought at an average price of $316.6. Its current price is slightly higher at $319.3.
Smart wallet 0x209d6 has been accumulating TAO in the $330-340 range and currently holds $19.22K worth of the token.
$MKR, $ONDO, $TAO, $INJ – You're near Smart Traders' entry points! 😎
Below are 4 tokens considered "Gems by Smart DEX Traders" as they approach the price range where these traders were accumulating. iCrypto provide some prominent wallets for you guys to consider:
1. $MKR:… pic.twitter.com/Qev1A34WRD
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 23, 2024
The interest from smart DEX traders in these tokens suggests they see strong potential for future gains. Their strategic accumulation at specific price points highlights confidence in the underlying value of these assets.
These movements provide valuable insights for other investors considering entering these positions. The detailed activity of prominent wallets, such as 0xcf9b and 0x209d6, showcases the calculated approach taken by experienced traders in the decentralized exchange (DEX) space.
Investors should keep an eye on these tokens as they continue to attract significant interest and investment from smart DEX traders. The ongoing accumulation by these traders may signal bullish prospects for MKR, ONDO, TAO, and INJ in the near future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: calima3d/123RF // Image Effects by Colorcinch
