Dolphin Key Points
- Dolphin is a term used in the cryptocurrency and blockchain sector that refers to a middle-tier investor.
- These investors hold a significant amount of digital currencies but less than Whales.
- Dolphins play an important role in market movements and trends due to their substantial holdings.
- They are less likely to manipulate the market compared to Whales.
Dolphin Definition
In the blockchain and cryptocurrency industry, a Dolphin is an investor or trader who owns a substantial amount of a particular cryptocurrency but less than what a ‘Whale’ holds. While they may not singularly influence the market as much as Whales, their collective actions can significantly impact market trends and price movements.
What is a Dolphin?
A Dolphin is an intermediate level cryptocurrency investor with significant holdings. They are not as influential as Whales, who hold massive amounts of cryptocurrencies, but they have a greater impact than smaller investors often referred to as fish or shrimp.
Dolphins generally have a balanced approach to trading and can help stabilize the market during volatile periods. Their trading decisions often reflect in the market trends.
Who are Dolphins?
Dolphins are usually seasoned investors who have substantial knowledge of the blockchain and cryptocurrency market. They hold a significant amount of a particular cryptocurrency but not enough to be considered Whales.
They play a significant role in the market and their actions can influence market trends, especially when their actions align with other Dolphins.
When do Dolphins impact the market?
Dolphins can influence the cryptocurrency market at any time due to their substantial holdings. However, their impact is most noticeable during periods of market volatility.
During these times, their trading decisions, whether they choose to buy, hold, or sell, can contribute to market movements and set new trends.
Where can Dolphins be found?
Dolphins can be found in any cryptocurrency market, be it Bitcoin, Ethereum, or any other altcoin market. They are active participants in the market and their presence can be seen on various cryptocurrency exchanges and trading platforms.
Why are Dolphins important?
Dolphins are important because they help maintain a balance in the cryptocurrency market. They hold enough of a particular cryptocurrency to have an influence but not enough to manipulate the market like Whales.
Their actions often reflect market sentiment and can indicate potential market movements.
How do Dolphins influence the market?
Dolphins influence the market through their trading decisions. When they buy, sell, or hold their cryptocurrencies, it can cause shifts in the market.
If several Dolphins take the same action at the same time, it can lead to significant market movements. On the other hand, if they take different actions, it can create market volatility.
