Whale traders have one of the most monitored wallet addresses in the crypto space. This is because their transactions can affect crypto price movement. With December around the corner, whales top coins according to on-chain data are Polygon, Ethereum, and Everlodge.
Polygon (MATIC) Network Growth on the Rise
Activity on the Polygon (MATIC) network has been on the high lately. Sandeep Nailwal, a co-founder of the Polygon blockchain announced that the network witnessed 17 million transactions in a day.
Before now, a Polygon news outlet called 'Today In Polygon,' had highlighted positive development on the network. The account pointed out that Polygon achieved a new all-time high of 16.4 million daily transaction
Given the development, analysts are bullish on the Polygon MATIC price. According to the analyst's Polygon price prediction, the price of Polygon is predicted to rise by 19.16% and reach $1.011213.
Ethereum (ETH) Whales Are on the Move
Recent Ethereum (ETH) whale activity has stirred up both curiosity and excitement in the cryptocurrency market. According to data from Lookonchain , a whale had sold 12,048 ETH they had bought at $1,768 to settle a debt.
In addition, two new wallets withdrew 21,076 ETH from Bitfinex and moved to cold storage. Perhaps, this could be for long-term holding. This move reduces the available supply of Ethereum coins on exchanges. Subsequently, this could boost Ethereum's price.
These strategic actions paint a strong and optimistic outlook for the Ethereum token. Currently, the price of Ethereum is valued above the $2,000 mark at $2,032.17, a 26.3% increase in the past month.
Everlodge (ELDG): Whales Top Pick for Maximum Gains in December
Apart from Polygon and Ethereum, whales are also after Everlodge (ELDG). The ELDG token offers some great benefits and practical uses. By holding ELDG, you can get discounts on properties in the Everlodge marketplace. In addition, you can earn passive income through staking and win luxurious holidays.
This token is the native token of the Everlodge ecosystem. It powers the marketplace where you can become a fractional owner of high-value properties. Everlodge's goal is to turn villas and hotels into NFTs and then divide them into smaller shares. As the property's value goes up, so does the value of your NFT.
If you are a trader looking for quick loans without dealing with traditional banks, Everlodge will introduce a lending feature. With this, you can use your NFT as collateral to secure fast loans. Currently, at stage 7 presale, the ELDG token is priced at just $0.025.
Whales are already accumulating the token because of its real-world uses and its connection to the $280 trillion real estate industry. Analysts have predicted a 3,000% increase in its value on ELDG's launch day. Everlodge's lower market cap gives it an edge for more price growth compared to Polygon and Ethereum.