The altcoins market was revitalized by a huge price increase thanks to last week’s crypto surge, which was headed by Dogecoin (DOGE).
Major cryptocurrency investors had to prioritize certain altcoins over other ones in order to accumulate more of them. Notwithstanding a slight decline over the weekend, the price of Dogecoin (DOGE) continues to dominate the market. Dogecoin (DOGE) surged by about 104% from a week before.
On October 27, Elon Musk took control of Twitter in an official capacity, which caused Dogecoin (DOGE) 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. The price of Dogecoin (DOGE) is $0.1213, down 1.53% over the previous day.
In the meantime, it seems that the cryptocurrency whales are stockpiling several altcoins following the most recent price increase driven by Dogecoin (DOGE). Several altcoins are reportedly experiencing a spike in buying activity, as per Ran Neuner, the known cryptocurrency influencer. Three altcoins are being intensively accumulated by crypto whales. Neuner claimed that because Chainlink (LINK) has been trading in the accumulating range for so long, it is undervalued, hence causing a drastic shift in tokenomics.
It is a great moment to collect Chainlink (LINK), the influencer recommended. A crucial adjustment to the tokenomics of Chainlink (LINK) is the cause. The price of Chainlink (LINK) is currently $7.98. According to platform market capitalization rankings, Chainlink (LINK) is presently ranked 21. As a result of Elon Musk’s purchase of Twitter, he added that the potential for growth of Dogecoin (DOGE) is now very favorable. Even so, he pondered whether future Twitter use cases will include Dogecoin (DOGE).
The 42-ranked Chiliz (CHZ) coin may be a solid buy prospect, according to Neuner. CHZ could increase as the FIFA World Cup approaches because it is among the most well-liked fan coins. The price of a Chiliz (CHZ) coin is $0.2192, lower 0.82% from the previous day.