Investors are likely to be interested in making a number of investments in altcoins following the situation of the largest memecoin Dogecoin (DOGE) managed to climb last week.
This follows because the memecoin is said to have surged by 104% following the news that Elon Musk had taken over the social media platform Twitter on October 27, which also had an impact on the crypto market.
Currently, the price of DOGE is hovering in the $0.15 price zone and investors expect the price to make further gains following rumors that Musk will launch crypto payments for Twitter subscriptions.
According to crypto influencer Ran Neuner, crypto whales are said to have bought a number of altcoins during the rapid price pump, which is now seeing an increase in altcoin purchases.
The proof is that most whales have bought 3 altcoins including Chainlink (LINK) which has been in the accumulation range for a long time.
The influencer points out that this is a golden opportunity for investors to cash in on LINK as there has been a significant change in the tokenomics of the digital asset which is currently trading at $7.76 in the last 24 hours.
According to the market capitalization, LINK managed to reach the 21st position while DOGE will have a positive impact if Twitter adds its renewal.
Meanwhile, Neuner also encouraged investors to purchase the Chilliz token (CHZ) as it is one of the popular tokens among FIFA World Cup fans.
As of this writing, the price of CHZ is down 0.82% at $0.2192 in the last 24 hours with the Qatar 2022 FIFA World Cup set to take place on November 20.
