Experienced retail traders and long-term investors in the cryptocurrency market comprehend the driving force in a speculative market algorithm fueled by individuals rather than capital. Decisions and investment strategies to acquire significant amounts of cryptocurrency assets are executed by those with top-notch information and a better understanding of the price performance of such assets.
These elements influence how many novice traders engage in trading, combined with the uncertainty of price fluctuations, which can greatly impact human psychology and make executing profitable trades extremely challenging.
To address these challenges, many users have turned to robots or AI-driven technology to assist in executing trades. However, the most successful players in the financial market are trades influenced by sentiment, with whales accumulating either short-term or long-term.
Given these factors, retailers and novice traders seek improved trading opportunities or strategies to enhance their trading experience and maximize the profitability of their investments.
In this article, we will delve into uncovering what crypto whales are purchasing and leveraging Maegex copy trading to maintain profitability while minimizing involvement in the cryptocurrency market.
### Crypto Whales – Who Are They?
Crypto whales are individuals or institutions that amass numerous cryptocurrency tokens with solid tokenomics and the potential to yield substantial profit returns over months or years.
Whales originally emerged from the traditional financial (TradFi) market, referring to investors and institutions that impact market prices and conduct large transactions. Similarly, in the cryptocurrency market, crypto whales accumulate substantial amounts of cryptocurrency tokens, influencing sentiments surrounding those assets.
While there are no specific criteria for the quantity of cryptocurrency assets required to earn the term “crypto whale,” these individuals or institutions hold a large quantity of assets that can sway the price of these cryptocurrency assets in either an upward or downward trajectory.
### Tool Used to Track Crypto Whale Movement
Crypto whales possess the ability to manipulate and influence sentiment surrounding cryptocurrency assets, leading to a ripple effect, whether positive or negative, depending on the sentiment surrounding the buy or sell orders of a particular crypto asset.
AI tools such as Nansen, Etherscan, Dune analytics dashboard, and others are employed to monitor crypto whale activities and trading patterns. However, for optimal results, these tools may necessitate a subscription.
For instance, the Nansen AI tool provides various data on a cryptocurrency token and the quantity purchased by different crypto whales within a specific period. This aids users and retailers in making informed decisions to enhance their profitability by tracking these so-called smart money traders or investors.
Another example of a tracking tool for major wallet token holders is Etherscan, which showcases all transaction activities on the Ethereum network. This enables users to monitor various transactions conducted by crypto whales and the specific token transactions they have engaged in.
Tools like Solscan and Snowtrace monitor tokens on the Solana and Avalanche networks, assisting users or traders in staying ahead of market trends and making profitable gains. To effectively utilize these crypto whale tracking tools, individuals must acquire cryptocurrency skills, understand how these tools operate, and combine them with other software or opt for a paid subscription plan for additional AI tools.
Given these circumstances, the Margex automated copy trading tool proves to be more efficient. It alleviates the burden for many users and traders, allowing them to forge a more profitable trading journey while dedicating ample time to developing 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 lack the luxury of monitoring charts all day, waiting for setups to unfold, entering trades, and potentially suffering losses due to manipulation or missing out on the right trending cryptocurrency asset.
Copy trading mitigates the need to track crypto whale wallets, offering greater assurance for users who have explored the use of copy trading tools. This strategy involves utilizing an automated tool to replicate or mirror the trades of experienced traders.
To streamline the workload and assist users in scaling their trading journey, Margex Exchange, a copy trading platform, has tailored its platform to deliver an exceptional trading experience to all users, facilitating seamless copy trading on its user interfaces.
With a robust, user-friendly platform, users gain access to top experienced traders to copy from and analyze past trading data such as cumulative equity in position, return on equity (ROE), strategies, most traded assets, and more. These features empower users to make informed trading decisions, select an experienced trader to copy, and kickstart their copy trading experience.
To enhance the trading experience for its global community, Margex has integrated a zero-fee converter and various deposit and withdrawal modes. The zero-fee converter allows users to easily swap different crypto assets, enhancing their platform experience. Additionally, users can utilize different means of withdrawal and deposit, such as USDT, USDC, and Kaspa, due to low transaction fees and high speed.
Currently, Margex is offering high-volume users the chance 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. The eligibility criteria for receiving Hamster Kombat (HMSTR) airdrop tokens are 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) 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
Users can embark on their copy trading journey on the Margex platform with as little as $10 by following these simple steps:
1. Select A Trader
– Login to the Margex copy trading platform to access the copy trading dashboard and choose a trader and strategies to copy trade based on the available data.
2. Click Follow
– On the copy trading dashboard, users can click follow to automate their copy trading experience, create strategies, and decide on the deposit amount. Users can follow multiple experienced traders for portfolio diversification.
3. Allocate an amount for trading
– Deposit the desired amount for the copy trading strategy.
4. Confirm copy trading
– Confirm the above steps to embark on a profitable copy trading journey.
*Disclosure: This was a sponsored post by Margex.*
