Top Crypto Assets in Accumulation Phase: ICP, ZK, LPT, MINA, HONEY, and Others, What This Means for Investors
Fresh data reported today by market analyst Phoenix Group highlights several top crypto assets currently in the accumulation phase. This phase is characterized by increasing network activity and trading within a narrow price range. Such movements typically result from the actions of large market participants. The rise in trading volume signals growing investor interest, often preceding significant price shifts. With most of these assets consolidating, long-term buyers may find attractive acquisition opportunities ahead.
### Top Tokens in Accumulation Phase
**Internet Computer (ICP)**
Internet Computer Protocol (ICP) has demonstrated strong resilience despite the broader cryptocurrency market downturn. Currently priced at $6.06, ICP has surged 103.1% over the past week and 34.1% over the past month. This momentum is largely driven by institutional investors actively buying and pushing the price higher.
**ZkSync (ZK)**
ZkSync (ZK), an important player in layer-2 scaling solutions, is also attracting significant investor interest. The token has increased by 128.3% in the past week and 24.0% over the past month, with its price now around $0.07065. This accumulation phase suggests a foundation is being set for potential further price gains as more buyers enter the market.
**Liverpeer (LPT)**
Liverpeer (LPT), the native token of the decentralized video infrastructure platform Liverpeer, is showing a strong strategic setup. Technical indicators reveal accumulation activity, with large investors quietly purchasing tokens. Currently priced at $5.21, LPT has risen 7.4% in the past week and 6.7% over two weeks, highlighting growing demand for decentralized live video streaming services. Liverpeer aims to provide a blockchain-based alternative to traditional streaming solutions.
**Mina Protocol (MINA)**
Mina Protocol (MINA) is exhibiting signs of strength, supported by on-chain data showing whales withdrawing tokens from exchanges. MINA is among the best performers recently, with its price at $0.1773—up 83.2% over the past week and 70.6% over two weeks. Token withdrawals help reduce selling pressure, potentially paving the way for a sustained price uptrend.
**Hivemapper (HONEY)**
Hivemapper (HONEY) has seen a steady uptrend in recent weeks, indicating silent accumulation by long-term investors. Currently priced at $0.01051, HONEY has gained 13.9% over the past seven days and 0.2% over two weeks. Investors appear to be moving tokens off exchanges into private wallets, signaling confidence and a potential breakout opportunity ahead.
### Other Top Market Performers
In addition to the tokens above, other notable assets in the accumulation phase include:
– Aurora (AURORA)
– Avalon Labs (AVL)
– Perpetual (PERP)
– Vana (VANA)
– Aixbt by Virtuals (AIXBT)
As these assets consolidate, investors may find them attractive for long-term positions, anticipating significant moves as accumulation phases conclude.
https://bitcoinethereumnews.com/crypto/top-crypto-assets-in-accumulation-phase-icp-zk-lpt-mina-honey-and-others-what-this-means-for-investors/
You may also like
Leave a Reply