Regarding the cryptocurrency market, the attention of whales can significantly impact the trajectory of various tokens. Bitcoin (BTC), Tron (TRX), and Everlodge (ELDG) have emerged as the latest trio, enticing these significant players, drawing attention for various reasons, and sparking curiosity among traders globally.
Bitcoin (BTC): Grayscale's Spot Bitcoin ETF Talks with SEC
The spotlight on Bitcoin (BTC) seems never-ending, and its attraction to whales remains unwavering. A recent Grayscale memo emerged, which shows it is engaged in discussions with the SEC regarding the prospects of a spot Bitcoin ETF. This significant move further solidifies Bitcoin's position as a favored asset among institutional traders and whales.
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Despite market fluctuations, Bitcoin maintained a solid performance, showcasing a stable trend over volatility. The Bitcoin price rose from $30,900 on October 22nd to $36,255 on November 22nd.
Its consistent green days and strategic discussions surrounding potential ETFs have only intensified the interest among significant traders. Experts remain optimistic with their Bitcoin price predictions, with estimations soaring as high as $49,441 by December 2023.
Tron (TRX): Reaches a New Milestone
Whales in the crypto sphere are increasingly drawn to Tron (TRX) as the network marks a significant milestone. TronScan's recent revelation indicated that Tron has now surpassed a staggering count of 197M total accounts on its platform. This surge in user adoption signifies growing interest and trust in the Tron coin.
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Coupled with a solid technical position - trading above crucial EMAs - Tron has solidified its attractiveness among whales seeking promising assets for investment. The Tron price has also increased from $0.09 on October 22nd to $0.1 on November 22nd.
Market experts have made a bullish Tron price prediction, forecasting a potential surge to $0.11 before 2023 ends.
Everlodge (ELDG): The Real Estate on Blockchain
Everlodge (ELDG) presents a unique platform by merging blockchain technology with the trillion-dollar real estate market. Its introduction of digital ownership through NFTs will open doors to real-world asset investments, causing whales to pay close attention to this rising presale star.
Essentially, Everlodge will digitize real-world properties like hotels and villas and mint them into NFTs. Afterward, a process of fractionalization is in store. This approach will enable a broader spectrum of individuals to partake in real estate opportunities previously beyond their reach. So, you will soon be able to co-own a property on the blockchain for prices as low as $100.
These NFTs will offer a transparent representation of ownership, simplifying transferring property ownership and reducing fraud. This clarity will increase confidence among traders and elevate the platform's appeal, especially among prominent crypto whales.
Holding the ELDG native token is vital to obtaining discounts, staking rewards, and more. One ELDG token now costs just $0.025 as it is in Stage 7 of its presale. Because of this and early buyers enjoying a 150% ROI, whales are now stockpiling this token. Demand is so high that some analysts foresee a growth to $0.038 before its presale finishes.
