Table of Contents
- What is a Crypto Dolphin
- Dolphins and Their Role in The Crypto Ecosystem
- The Crypto Hierarchy
- Wrap Up
The cryptocurrency community has a unique and slightly hilarious way of categorising and describing investors based on the quantity of digital assets, particularly Bitcoin, they own.
It's like a ranking system for crypto holdings, and one of the fascinating creatures in this crypto ocean is the "Dolphin."
So, what exactly is a Crypto Dolphin, and how do they fit into the unique ecosystem of crypto investing?
Before we dive deeper into the world of Dolphins, it's essential to understand the larger crypto hierarchy. At the top of this pyramid are the mighty "Whales." These people have substantial cryptocurrency holdings and are known for making waves in the market.
However, not everyone can be a whale. This brings us to the Crypto Dolphins.
What is a Crypto Dolphin?
A Dolphin is a category of investor who falls just below the Whales in terms of their net worth and Bitcoin holdings. While they may not yet have a mega fortune in cryptocurrencies, they still hold a significant amount of Bitcoin.
In simpler terms, a Dolphin is anyone who has a moderate Bitcoin holding.
Dolphins and Their Role in the Crypto Ecosystem
How can you spot a crypto Dolphin? Dolphins typically make trades of 100 to 500 BTC, although they are less commonly seen than some other crypto creatures we'll discuss later.
Many people believe that only the Whales have the power to influence and manipulate the market for their personal gains, but that's not always the case.
In the cryptocurrency market, different fishes, big and small, coexist. These fishes create their own ripples and waves, affecting the market and making headlines.
The Crypto Hierarchy
The crypto community have come up with creative animal-themed names to describe cryptocurrency owners based on their holdings, creating a fascinating ecosystem of "Ocean Animals":
- "Plankton" are the smallest players in the crypto ocean, holding less than 0.1 Bitcoin.
- "Shrimps" are those who own between 0.1 and 1 Bitcoin.
- "Crabs" have holdings ranging from 1 to 10 Bitcoin.
- "Fish" are individuals with 10 to 50 Bitcoin.
- "Octopuses" manage between 50 and 100 Bitcoin.
- "Dolphins" have holdings of 100 to 500 Bitcoin.
- "Sharks" are those with substantial holdings, ranging from 500 to 1,000 Bitcoin.
And then, of course, we have the legendary "Whales."
Within the Whale category, there are the "Regular Whales," who own between 1,000 and 5,000 Bitcoin, and the colossal "Blue Whales," who swim in waters above 5,000 Bitcoin.
Each of these crypto animals plays a unique role in the crypto market.
While Whales may be the most prominent, Dolphins and other Ocean Animals have their part to play as well. Dolphins may not have the same financial firepower as Whales, but they still can create waves in the crypto seas.
To Wrap Up
Whether you're a Plankton, a Dolphin, or even a Whale, remember that the crypto ocean is vast, and there's room for everyone to make a splash. Just be sure to swim wisely and make the most of your position in this ever-changing cryptocurrency ecosystem.
Disclaimer: This article was written by the writer to provide guidance and understanding of cryptocurrency trading. It is not an exhaustive article and should not be taken as financial advice. Obiex will not be held liable for your investment decisions.