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Experienced
retail
traders
and
long-term
investors
in
the
cryptocurrency
market
understand
the
driving
force
in
a
speculative
market
algorithm
fueled
by
people
and
not
capital.
Decisions
and
investment
plans
to
buy
large
amounts
of
cryptocurrency
assets
are
carried
out
by
individuals
with
top
information
and
a
better
idea
of
the
price
performance
of
such
assets.

These
factors
affect
how
many
beginner
traders
trade,
coupled
with
the
uncertainty
of
price
fluctuations,
which
can
significantly
affect
human
psychology
and
make
it
extremely
difficult
to
execute
profitable
trades.

Many
users
have
turned
to
robots
or
AI-driven
technology
to
help
execute
trades.
Still,
the
best
winners
in
the
financial
market
are
trades
driven
by
sentiment,
and
whales
are
accumulating
either
short-term
or
long-term.

For
the
above
reasons,
retailers
and
beginner
traders
look
for
better
trading
opportunities
or
strategies
to
optimize
their
trading
experience
and
increase
the
profitability
of
their
investments.

In
this
article,
we
will
discuss
how
to
discover
what
crypto
whales
are
buying
and
leverage
on
Maegex
copy
trading
to
remain
profitable
while
doing
little
in
the
cryptocurrency
market.

Crypto
Whales
–
Who
Are
They?

Crypto
whales
are
individuals
or
institutions
that
accumulate
many
cryptocurrency
tokens
with
good
tokenomic
and
have
the
prospect
of
generating
good
profit
returns
within
months
or
years.

Whales
first
originated
from
the
traditional
financial
(TradFi)
market,
referring
to
investors
and
institutions
that
influenced
the
market
price
and
carried
out
huge
transactions.
The
same
applies
to
the
cryptocurrency
market,
as
crypto
whales
accumulate
large
amounts
of
cryptocurrency
tokens,
influencing
sentiments
regarding
those
assets.

Although
there
are
no
criteria
on
the
number
of
cryptocurrency
assets
to
be
accumulated
to
earn
the
crypto
whale
term,
these
individuals
or
institutions
have
a
large
amount
of
these
assets
that
will
move
the
price
of
these
cryptocurrency
assets
either
upward
or
downward
price
movement.

The
digital
age
has
made
it
essential
to
track
the
portfolio
of
crypto
whales,
as
this
will
greatly
improve
the
trader’s
profitability.
However,
tracking
these
portfolio
assets
requires
time
and
knowledge
of
using
high-tech
applications
and
constantly
searching
for
new
and
improved
technologies
to
remain
profitable.

Tool
Used
to
Track
Crypto
Whale
Movement

Crypto
whales
influence
to
manipulate
and
create
a
sentimental
shift
in
cryptocurrency
assets,
leading
to
a
domino
effect,
either
to
the
upside
or
downside,
depending
on
the
sentiment
surrounding
the
buy
orders
or
sell
orders
of
a
particular
crypto
asset.

Whales
possess
the
power
to
create
demand
or
supply
sentiment
through
their
trading
activity,
which
leads
to
huge
potential
returns
for
traders.
Retailers
explore
tools
to
track
these
buy
or
sell
activities
to
make
informed
decisions.

AI
tools
such
as
Nansen,
Eherscan,
Dune
analytics
dashboard,
and
others
are
used
to
track
crypto
whale
activities
and
trading
patterns.
However,
for
better
results,
this
software
could
require
a
subscription.

The
Nansen
AI
tool
above
shows
different
data
on
a
cryptocurrency
token
and
the
amount
bought
by
different
crypto
whales
within
a
specific
period.
This
will
help
users
and
retailers
decide
to
favour
their
profitability
by
tracking
these
so-called
smart
money
traders
or
investors.

Another
example
of
a
tracking
tool
for
big
wallet
token
holders
is
the
user

Etherscan,
which
displays
all
transaction
activities
on
the
Ethereum
network.
This
enables
users
to
track
different
transactions
performed
by
crypto
whales
and
the
specific
token
transactions
they
have
been
involved
in.

Tools
like

Solscan
and

Snowtrace
track
tokens
on
the
Solana
and
Avalanche
networks.
These
tools
help
users
or
traders
stay
ahead
of
the
market
trend
curve
and
make
profitable
gains.

To
use
these
crypto
whale
tracking
tools
effectively,
one
needs
to
acquire
cryptocurrency
skills,
understand
how
these
tools
work
and
combine
these
tools
with
other
software
to
properly
track
these
crypto
whales
or
use
a
paid
subscription
plan
for
other
AI
tools.

All
of
these
reasons
make
the

Margex
automated
copy
trading
tool
more
effective.
It
takes
the
load
off
many
users
and
traders
as
it
enables
them
to
build
a
better
profitable
trading
journey
while
having
enough
time
to
focus
on
building
a
sustainable
strategy
and
diversifying
their
portfolio.

Margex
Automated
Copy
Trading
Tool
for
All
Beginners
And
Pro
Users

Automation
continues
to
evolve
in
the
financial
market,
as
many
users
and
traders
do
not
have
the
luxury
of
sitting
in
front
of
the
charts
all
day
waiting
for
setups
to
play
out,
entering
a
trade
and
suffering
losses
as
a
result
of
manipulation,
or
not
entering
the
right
trending
cryptocurrency
asset.

Copy
trading
helps
eliminate
the
stress
needed
to
track
crypto
whale
wallets,
with
far
more
such
guarantees
for
many
users
who
have
explored
the
use
of
copy
trading
tools.
Copy
trading,
as
the
name
implies,
is
the
use
of
an
automated
strategy
tool
to
replicate
or
mirror
the
trades
of
other
experienced
traders.

To
lift
the
load
work
and
help
users
scale
better
in
their
trading
journey,

Margex
Exchange,
a
copy
trading
platform,
has
designed
its
platform
to
provide
the
best
trading
experience
to
all
users,
enabling
seamless
copy
trading
on
its
user
interfaces.

With
a
robust,
ultra-convenient,
and
user-friendly
platform,
users
have
access
to
top
experienced
traders
to
copy
from
and
analyse
past
trading
data
of
these
traders,
such
as
cumulative
equity
in
position,
return
on
equity
(ROE),
strategies,
most
traded
assets,
and
all.

These
features
enable
users
to
make
the
best
trading
decisions,
choose
an
experienced
trader
to
copy,
and
start
their
copy
trading
experience.
To
further
improve
the
trading
experience
for
its
global
community,
Margex
also
included
a
zero-fee
converter
and
different
modes

of
deposit
and
withdrawal.

Margex

zero-fee
converter
helps
users
swap
different
crypto
assets
with
ease,
improving
their
experience
on
the
platform.
Due
to
their
low
transaction
fees
and
high
speed,
users
can
also
use
different
means
of
withdrawal
and
deposit,
such
as
USDT,
USDC,
and
Kaspa.

Margex
is
also
currently
offering
its
high-volume
users
the
opportunity
to
earn
a
share
of
up
to
$5
million
in

Hamster
Kombat
(HMSTR)
airdrop
tokens
from
June
24,
12:00
UTC,
to
July
14,
12:00
UTC,
2024.

Eligibility
for
a
share
in
Hamster
Kombat
(HMSTR)
airdrop
tokens
is
as
follows;

• $100,000
  –
  $10
  in
  Hamster
  Kombat
  (HMSTR)
  tokens
• $250,000
  –
  $20
  in
  Hamster
  Kombat
  (HMSTR)
  tokens
• $500,000
  –
  $30
  in
  Hamster
  Kombat
  (HMSTR)
  tokens
• $1M
  –
  $50
  in
  Hamster
  Kombat
  (HMSTR) 
  in
  tokens
• $5M
  –
  $250
  in
  Hamster
  Kombat
  (HMSTR)
  tokens
• $10M
  –
  $500
  in
  Hamster
  Kombat
  (HMSTR)
  tokens
• $25M
  –
  $1,500
  in
  Hamster
  Kombat
  (HMSTR)
  tokens
• $50M
  –
  $3,000
  in
  Hamster
  Kombat
  (HMSTR)
  tokens
• $100M
  –
  $5,000
  in
  Hamster
  Kombat
  (HMSTR)
  tokens

You
can
kickstart
your
copy
trading
journey
with
as
low
as
$10
on
the
Margex
platform
using
these
simple
steps
below;

1.
Select
A
Trader

Login
to
the

Margex
copy
trading
platform
to
access
the
copy
trading
dashboard.
This
will
allow
you
to
select
a
trader
and
strategies
you
wish
to
copy
trade.
All
data
to
halp
you
make
an
informed
decision
about
a
trader
is
on
the
dashboard.

2.
Click
Follow

On
the
copy
trading
dashboard,
users
can
click
follow
to
to
automate
their
copy
trading
experience.
Create
their
strategies
before
deciding
on
an
amount
to
deposit.
Users
are
allowed
to
follow
multiple
experienced
traders
to
enable
portfolio
diversification.

3.
Allocate
an
amount
for
trading

Deposit
an
amount
you
wish
to
use
for
your
copy
trading
strategy.

4.
Confirm
copy
trading

Confirm
the
above
steps
to
open
the
way
to
profitability
in
your
copy
trading
journey.

Disclosure:
This
was
a
sponsored
post
brought
to
you
by
Margex.

Mentioned
in
this
article

Go to Source
Author: News Desk

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