The Crypto Whale Effect
In the crypto sphere, whales often create ripples in the market. Because crypto whales often cause big waves in the market, the assets they choose could show which projects have the most potential. Microsoft AI, an AI chatbot, has unveiled three standout crypto assets that have caught the attention of crypto whales: Binance (BNB), Cardano (ADA), and Everlodge (ELDG).
Binance (BNB): A Whale Favorite for Web3 Integration
Binance (BNB) has again demonstrated its commitment to innovation by launching its new Web3 Wallet. Binance’s new wallet, designed to be easy-to-use and secure, is all set to cater to the growing need for Web3 apps and services.
Microsoft AI tells us that the new Binance wallet is causing quite a stir among big-time crypto players because they reckon it could be a game-changer in connecting old-school finance with the up-and-coming Web3 world. After this announcement, the Binance coin value jumped from $2444 to $249 on November 7th.
Microsoft AI also states that the consensus among market analysts is that Binance is positioned for significant growth. Projections suggest that the BNB price could reach $307.41 within Q4 of 2023, making it an attractive prospect for whales.
Cardano (ADA): Individuals Showing More Confidence
As per Microsoft AI, confidence in Cardano (ADA) has soared recently, signalling a solid and optimistic outlook for the cryptocurrency. In recent Cardano news, whales accumulated a 1.89B ADA during October, according to IntoTheBlock data. This means Cardano saw a huge $600M influx of investment in October.
But whales stockpiled 1.89B ADA in October because more people are using Cardano and think it’ll keep growing. Regarding performance, the Cardano price increased from $0.25 on October 8th to $0.35 on November 8th.
Due to all these reasons and the overall market sentiment, experts are optimistic about Cardano’s future price trajectory. They have made a bullish Cardano price prediction – it could reach $0.37 by December 2023.
Everlodge (ELDG): Disrupting the Real Estate Market
According to Microsoft AI, Everlodge (ELDG) is a rising star in the cryptocurrency world, and its novel approach to the real estate market is captivating the attention of crypto whales. This initiative is all set to tackle every hiccup in this skyrocketing sector, now valued at over $280T.
For example, putting money into old-school real estate can demand a hefty chunk of cash upfront and lock that money away for a long time. Everlodge makes real estate investing more accessible. By turning properties into fractionalized NFTs, investors can get exposure with less money upfront.
Microsoft AI also took note of the passive income capabilities on Everlodge. Property owners within the Everlodge ecosystem can stake their ELDG tokens, earning a fixed monthly interest income. Additionally, liquidity providers on the property launchpad can make bonus interest, providing more incentives for participation.
Currently, the ELDG token costs only $0.023 in Stage 6 of its presale – a 130% rise from its starting price. However, demand is high as holding this token will bring discounts, access to free nightly property stays, and more. Whales are stockpiling these tokens, causing experts to predict a 3,000% rally for ELDG after its launch and Tier-1 CEX listing.
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