Shiba Inu Whales earned 4 trillion tokens. Polygon and Everlodge are lined up.
The following content does not constitute the opinion of BeInCrypto and should not be considered as financial advice
According to recent data from Whale Alert, a single whale has purchased more than 4 trillion SHIB tokens.
This fueled the market as traders became confused as to why they were buying. Meanwhile, analysts have already seen a price rally for two altcoins Polygon and Everlodge.
Shiba Inu (SHIB) Well Scoop 4 Trillion SHIB, Price Increase On The Way?
Whale Alert reports that whale investors recently received more than 4 trillion Shiba Inu (SHIB) tokens. This transaction is the largest SHIB token purchase recorded in December. The transaction did not go through cryptocurrency exchanges but happened directly between wallets.
Shiba Innu's cremation will be offered by the Shibarium Network in January 2024, the SHIB team said. Wells used this opportunity to stockpile tokens in anticipation of a price spike triggered by token burning.
They predict that the value of Shiba Inu will increase by 2024 if Shibarium successfully implements the massive tokenization. The Shiba Inu price was bullish last week, rising 7% from a low of $0.00000896 to a high of $0.00001049.
Polygon (MATIC) seems to be selected for a bull run, says the analyst
The crypto market has experienced a significant price increase as several altcoins have recently shown gains. Polygon (MATIC) was one of the symbols that benefited from the market rally, with huge gains over the weekend.
On December 10, Polygon's price rose from $0.8786 to $0.9318, an increase of 6%. The big question now is whether this upward trend will continue. Crypto analyst Ali Martinez said Polygon's future hinges on its ability to maintain a price range between $0.80 and $0.86.
The analyst described this region as a “key interest zone,” with approximately 42,000 wallet addresses receiving a total of 5.8 billion MATIC tokens. Despite this, Ali remains optimistic. If this level remains intact, Polygon Coin seems poised for a bullish rally, he said.
Everlodge (ELDG), an AI-powered real estate marketplace
Everlodge (ELDG) brought a new approach to the real estate industry. Previously, only the rich could invest in luxury properties. The Everlodge platform was created to change this. NFT fractional ownership has enabled many people to invest in luxury residences. This solves problems like limited investment access, transparency and liquidity.
The platform converts the assets into fractional NFTs which are divided into shares worth $100 each. These NFTs offer the same benefits as traditional property ownership, including appreciation and passive rental income.
Everlodge has added a property launch pad where property developers can get support from the community. ELDG, the ecosystem utility token, is now on crypto presale and is priced at $0.027. Investors can enjoy benefits like rewards and discounts.
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