Crypto whales are constantly accumulating new cryptocurrencies and, as of recently, have turned their attention to Near Protocol (NEAR), Ethereum Classic (ETC), and Everlodge (ELDG). Today, we will go over all of these projects individually to see exactly why they have captured the attention of whales.
Summary
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The Layer-1 blockchain project Near Protocol (NEAR) has captured a high level of attention from whales as it jumped in value. In fact, analysts see that Near Protocol can reclaim a position at the top of the 20 DMA.
This comes following a four-month bleak downside period where its value was in a decline. In fact, the Near Protocol price has lost 50% since April of the year. However, while the price was sliding, Near Protocol as a project was building and is continuing to push new developments
It seems like $1.25 will form a foothold on the Near Protocol crypto in order to test the resistance in the event of an upside swing. Based on the Near Protocol price prediction, it can reach $1.77 by the end of the year
On the other end of this spectrum, there’s the Ethereum Classic (ETC), which did not perform as well. In fact, the Ethereum Classic crypto decreased in value by 28% in the past six months.
However, whales are buying the dip, as its activity has seen a surge. The Ethereum Classic open interest is at $71.83 million. Currently, the Ethereum Classic price hovers around the $15 zone, and liquidity is present. Most investors have pending buy or sell orders that are waiting to get triggered, and this can be spotted in the daily time frame chart.
Moreover, if Ethereum Classic fails to maintain its current level, it could continue to drag downwards and reach the nearest support level at $14 or even $14. However, if Ethereum Classic sustains the current level, something that whales are expecting to happen, it can surge above $18 or $20
According to the Ethereum Classic price prediction, it’s expected to reach a maximum point of $22.75 by the end of the year
The real-estate industry can grow at 25.60% CAGR. As a result, it has captured the interest of thousands of investors globally, and this also includes crypto whales. Everlodge is a property marketplace that has captured a significant portion of its attention in 2023.
It represents a marketplace in which properties are digitized and then minted as NFTs. Subsequently, users can become co-owners of expensive villas and hotels
Traditionally, these can cost anywhere from $1 million to $20 million or above. This makes them inaccessible to a majority of people. But through Everlodge, they can begin making investments with as little as $100.
Powering all of this is the native token, ELDG. It’s used for passive income through staking and can provide users with other benefits
There’s a Rewards Club, for example, where users holding it can get free nightly stays or discounts on trading fees. During the presale stage, it’s at $0.012 in value. However, analysts project that a 10x growth is coming at launch
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