Amid the recent Uptober rally, analysts have predicted a bullish future price trajectory for Tron and a new coin called Everlodge. On the other hand, Ethereum, the largest altcoin by market cap has seen a large influx of whales.
Tron (TRX) Price Analysis
The Tron (TRX) blockchain has performed exceptionally in 2023 so far despite the June meltdown. TRX demonstrated resilience as a result of fresh alliances and rising Tron network usage. Tron declared earlier in November that it had achieved a brand-new milestone record.
In its DeFi protocols, the project had more than $19.2 billion locked up. Remarkably, from November 15, 2018, the price of Tron has increased. According to CoinMarketCap, Tron TRX swung from a 7-day low of $0.096310 and peaked at $0.104929 this week.
Tron coin was ranked the 10th largest crypto with a market cap of $8.8 billion. DigitalCoinPrice has projected that Tron cryptocurrency will reach $0.20 in 2023.
Ethereum (ETH) Whales Stockpiling, Price Surge Coming?
Ethereum (ETH) whales have maintained a bullish stance for an extended period, even during the bear market of 2022. According to data from Santiment, the largest Ethereum wallets have been steadily amassing Ethereum crypto.
Collectively, these wallet addresses boosted their holdings by 30% as they amassed 62.76 million tokens. Currently, the top 200 Ethereum wallets own about 52% of the total Ethereum supply. Furthermore, the Ethereum network saw the creation of 94,700 new wallets on November 21st—the most in the previous four months.
The price of Ethereum may reach a new peak as a result of this spike. The Ethereum cryptocurrency is traded above the $2,000 mark with bulls aiming for the $2,500 region.
Everlodge (ELDG): Secure Quick Loans
Everlodge (ELDG) has risen as a platform where traders can own real estate properties for a small amount. They could either become partial or full owners of high-value properties, including hotels, villas, and luxurious homes.
To make this possible, Everlodge has introduced an approach that has digitized these properties as NFTs. Afterward, these NFTs are divided into small portions or shares. An important feature of these NFTs is that they reflect the real-world value of these physical properties. As the value of the properties increases, so does the worth of the NFTs.
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Everlodge has provided a lending feature for traders in need of short to medium-term loans. This has removed the need for traders to go to traditional banks for loans. Instead, their NFTs can be used as collateral to get loans on Everlodge. Additionally, Everlodge has its own native token, ELDG.
This token has held significant appeal due to its practical use in the real world. Owning ELDG tokens grants users access to discounts on property purchases within the Everlodge marketplace. There is potential for passive income through staking ELDG tokens. Currently, ELDG is available at an attractive price of $0.025. ELDG has been projected to reach an all-time to $0.500 in the bull market.
For more information about Everlodge (ELDG) please visit their website.