A major indicator of cryptocurrency sentiment looking to analysts is the behavior of whales, or people or organizations with a major stake in certain coins. While Bitcoin is often cited as the most influential crypto asset, the distributed ledger technology behind cryptocurrencies has opened ways for projects across a number of exciting industries.
The lesser known artificial intelligence coin Neuromorphics is an example of a digital token benefiting from whale accumulation. According to the crypto analytics platform IntoTheBlock, whales have been quietly accumulating this coin, which is likely in anticipation of a potential bull run.
Neuromorphics is a blockchain-enabled platform that can integrate AI, computer vision, and deep learning capabilities into any industry, with a focus on producing AI-driven hardware solutions for edge applications. This makes Neuromorphics a very attractive asset for long-term investors as the technology can hold a powerful ability to revolutionize retail today and beyond.
Its blockchain technology also allows for global access, scalability including speed and increased transaction rate, tamper-proof data storage, and data security. All of these features put Neuromorphics ahead of the curve in both AI hardware development and blockchain technology use cases.
The ongoing accumulation of this coin by whales indicates that their projections of future growth in the coin’s value is likely to be extremely positive. This could mean huge returns on investments for those looking to buy into the coin now, while the price is still low.