The XRP community is on its toes after a multi-million-dollar Ripple (XRP) whale transaction.
Meanwhile, Ethereum whales are on a buying spree, increasing Ether holders’ hope for a bullish run. Also, analysts have predicted a 10x price pump for Everlodge, an upcoming web3 real estate marketplace.
Analysts Forecast Growth As Everlodge Enters Vacation Rentals
According to a recent prediction, over 1 billion people will use vacation rentals by 2027. This makes it a promising opportunity for more investors to join the industry and benefit from the growth. Unfortunately, only a few persons have the capital required to invest in vacation rental properties. Here’s where Everlodge comes in.
Everlodge is a Web3 property marketplace that will make luxury vacation home ownership accessible to everyone. The platform will achieve this through co-ownership multiple investors can own shares in a property. Everlodge will use NFTs to represent these properties and then divide the NFTs into smaller parts.
Now, you can buy shares in a luxury apartment or hotel according to your capital. If you need instant cash or money, you can sell the NFTs on Everlodge or ERC20-compatible marketplaces. What’s exciting about Everlodge’s platform is that there are more perks. First, there is the Rewards Club where you can free hotel stays.
They can also get VIP membership, fee discounts, and a chance to win a vacation to the Maldives. Currently, the platform’s presale offers ELDG tokens for just $0.02 each. Given Everlodge’s potential, some experts expect its value to increase in 2023.
XRP (XRP) Whale Moves $200M, Token Dump Coming?
On October 17th, Whale Alert reported a whale transfer of 409 million XRP coins sent to the Bitvavo exchange. Unfortunately, it is unclear if the whale wants to dump the tokens. Meanwhile, Ripple has witnessed 25 weeks of continuous inflows, showing high investors’ interest.
However, Ripple (XRP) price and its future trajectory continue to be a topic for debate. Currently, the XRP coin is trading at $0.488874, with low gains in the past week. The token’s price is yet to gain momentum as Ripple’s lawsuit with the US SEC lingers on.
Nevertheless, Sistine Research, a crypto research firm, has joined the price debate. The research firm argued that XRP is one of the tokens with a bullish chart in the crypto market. According to its prediction, the price of XRP will skyrocket by 200% to reach $1.5.
Ethereum (ETH) Whales on Accumulation Spree, Will ETH Rise To $1,600?
On October 17th, the cryptocurrency market analytics platform Santiment revealed that Ethereum (ETH) whales are in accumulation mode. Ethereum whale addresses with at least 1 million Ether now hold 32.27% of the total Ethereum in supply. The last time this happened was seven years ago.
This shows that whales are showing high interest in Ether. Meanwhile, Ethereum has had a volatile journey in 2023. Ethereum coin started 2023 trading at $1,200 and then increased to a high of $2,139 in mid-April. Bearish pressure has pushed the price of Ethereum to $1,577.93 in October.
According to CoinMarketCap, ETH has been stuck within the $1,530 and $1,750 range in the past month. Although Ethereum’s technical indicators are bearish, Coincodex has forecasted a rise of 9.71% to reach $1,725 in the coming weeks.
Find out more about the Everlodge (ELDG) Presale:
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