Whales sell BTC to buy Ethereum and the price rises as a result

Bitcoin price made headlines over the last week when it almost reached the $100,000 mark, and the coin actually stopped short of this long-awaited milestone. However, in recent days, whales have apparently decided to sell large portions of their BTC in favor of the industry’s second-largest cryptocurrency by market capitalization.

Traders dump BTC to buy Ethereum

After several days of attempting to reach $100,000, Bitcoin’s price finally faced rejection as hundreds of millions worth of short positions were liquidated. Whales have also reportedly sold large amounts of BTC to buy Ethereum, causing the price of Bitcoin to fall to $90,907 on November 26, its lowest level in seven days.

Since then, the coin was able to recover to $97.5, but only for a moment as its price subsequently fell to $95,000.

Meanwhile, Ethereum spent the last week trying to clear the $3.5k mark, but each attempt resulted in a correction that sent the coin to support at $3.3k. Then, late on November 26, as whales began selling BTC to buy Ethereum, the coin’s price experienced a massive trend reversal, resulting in a 7% increase.

However, for Ethereum, 7% is a massive increase that pushed the price from $3.3K to almost $3.7K. Since then, the coin experienced a slight price correction as some traders decided to take profits, but still ETH managed to significantly outperform Bitcoin.

Of course, traders aren’t just focusing on BTC and ETH, but are looking for opportunities wherever they pop up, including meme coins that are still in pre-sales like Flaked ore (FLOCK).

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Flockerz could revolutionize crypto governance

Flockerz is a new meme coin, but it is also believed to have huge potential to explode once it goes live.

The reason for this is that the main focus of the project is to attract new community members, turn them into token holders, and then incentivize them to move on and keep their FLOCK. In fact, it wants them to have as much FLOCK as possible, but more than that, it wants them to remain committed to steering the project.

The goal of Flockerz is to maintain a high level of decentralization. To achieve this, Flockerz has developed a unique new model called Vote-To-Earn that rewards token holders when they vote on a proposal and helps the community make decisions.

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This ensures that people keep coming back and voting whenever a decision needs to be made. This allows people to earn money HERD By simply casting their vote, Flockerz can remain decentralized and ensure a high number of token holders. The best thing about it: you can even stake the tokens obtained this way and benefit even more from the staking rewards.

All of this attracted thousands to the project, and its ICO raised over $3.66 million, while its token FLOCK sells for just $0.006175.