The altcoin market is showing bullish movements with Ripple and Cardano leading the charge. Besides, Cardano has broken past the $0.30 level. Meanwhile, analysts have predicted more price growth for Everlodge, a token that has skyrocketed by more than 100% in the past few months.
XRP Whale Accumulation Continues As Ripple Nears Settlement
Ripple’s XRP has been doing really well lately. The token is now trading close to $0.70. Besides, XRP cryptocurrency investors seem to be more confident as whales amass more tokens. According to a crypto analysis company called Santiment, XRP coin has not been at this price level since August 2nd.
Also, people who own 100,000 to 1 billion XRP coins have the most XRP they will had in 2023. This increasing accumulation comes as Ripple has been predicted to reach a settlement with the SEC. Attorney John Deaton has predicted a $20 million or less settlement in the Ripple lawsuit.
Since his report, Ripple’s XRP’s price has formed a bullish pattern that suggests it might see more gains in the future. If we look at the XRP price chart, we can see that XRP value has entered a bull run. It is traded above the 50-day and 100-day EMA, which is a good sign for Ripple. As a result, Ripple could see more gains in the coming weeks.
Cardano (ADA) Skyrocketed Past Major Resistance
Cardano (ADA) has been stuck in a range for months. Fortunately, Carson’s value is now on the rise. Last month, ADA bounced off the $0.24 support and reached an important resistance line, according to the analyst Filbfilb. In November, it even touched the $0.33 level and climbed further.
The Cardano trading volume has increased since the breakout above the $0.3 level. The Cardano ADA price has also increased to the $0.342 level. ADA has gained 33% over the last three weeks. However, investors should keep an eye on the resistance levels at $0.35 and $0.38 for a potential breakout.
Meanwhile, another analyst, Ali Martinez, is also optimistic about Cardano’s future. He thinks Cardano’s price trend is similar to the period from 2018 to 2020. However, he emphasizes that $0.47 is the critical resistance level to watch for a possible bull run for Cardano crypto.
Everlodge (ELDG): Analysts Bullish on the ELDG Token
Cryptocurrencies like Ripple and Cardano could see more price growth in the future. But now, a new player in town, Everlodge’s ELDG, has grabbed the attention of investors. Everlodge has caught the attention of the crypto space because of its plan to change how people buy and sell real estate properties.
Everlodge’s main aim is to make it easier for more people to invest in real estate. Before now, investing in real estate was only reserved for the rich because it needed lots of money. Everlodge has promised to fix this major roadblock using NFT fractionalization.
Hey, Lodgers! 🏡— Everlodge (@EverlodgeHQ) September 26, 2023
Do you know? 🤔
With $ELDG, enjoy the warmth of passive income, monthly surprises, and exclusive club access.
Plus, who can resist sweet discounts?
Dive into a token that feels like home. 💙
Join the presale: https://t.co/kIufYkD05d#Presale pic.twitter.com/9yzt5hZhul
What does this mean? It means you can buy a piece or share of luxury houses as NFTs without buying the entire property. This is made possible via co-ownership. In addition, you can earn extra cash when these NFTs are rented out or sold.
Furthermore, the NFTs can be used as collateral to get loans from the Everlodge lending platform. Presently, ELDG is worth $0.023, which is more than double its starting price of $0.01. Just so you know, experts have forecasted a price increase of 3,000% before 2023 ends.