According to recent data from Whale Alert, a single whale has purchased over 4 trillion SHIB tokens.
This has set the market ablaze as traders are confused about the reason for the large purchase. Meanwhile, analysts have foreseen a price rally for two altcoins, Polygon and Everlodge.
Shiba Inu (SHIB) Whale Scoop 4 Trillion SHIB, Price Surge on the Way?
Whale Alert has reported that whale investors have recently acquired over 4 trillion Shiba Inu (SHIB) tokens. This transaction is the largest individual purchase of SHIB tokens recorded in December. The transaction did not go through cryptocurrency exchanges but occurred directly between wallets.
The Shiba Inu burn will be made available through the Shibarium network by January 2024, according to the SHIB team. Whales have taken this opportunity to stack tokens in anticipation of a price increase sparked by token burning.
The price of Shiba Inu has been forecasted to increase in 2024 if Shibarium successfully performs massive token burns. The Shiba Inu price has been bullish in the past week, rising 7% from a low of $0.00000896 to a high of $0.00001049.
Polygon (MATIC) Seemed Primed for a Bull Run, Says Analyst
Recently, the crypto market experienced a notable price surge as several altcoins showed gains. Polygon (MATIC) is one of the tokens that benefited from the market rally, as it saw huge gains over the weekend.
On December 10th, the Polygon price witnessed a 6% surge, rising from $0.8786 to $0.9318. The big question now is whether this upward trend will persist. Crypto analyst Ali Martinez noted Polygon’s future hinges on its ability to maintain a price range between $0.80 and $0.86.
The analyst described this range as a “key demand zone,” where approximately 42,000 wallet addresses collectively acquired 5.8 billion MATIC tokens. Despite this, Ali remains optimistic. He stated that the Polygon coin appears set for a bullish rally if this level remains intact.
Everlodge (ELDG), An AI-Powered Real Estate Marketplace
Everlodge (ELDG) has brought a fresh approach to the real estate industry. Previously, only the wealthy could afford to invest in luxury properties. Everlodge’s platform has been created to change this. NFT fractional ownership has enabled more people to invest in luxury residences. This solves issues such as restricted investment access, transparency, and liquidity.
The platform converts properties into fractional NFTs which will be divided into shares worth $100 each. These NFTs offer the same advantages as traditional property ownership, including appreciation in value and passive rental income.
Everlodge also added a Property Launchpad where property developers will get support from the community. ELDG, the ecosystem’s utility token, is now in crypto presale and is priced at $0.027. Investors can enjoy benefits such as staking rewards and discounts.
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