Analysts have agreed that the crypto market has entered another bull market. Whales have picked their three top tokens for December ahead of the Christmas celebrations. They include Ripple, Polygon, and Everlodge.
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Ripple (XRP): $0.85 Is a Key Level, Says Analyst
On November 20th, the US SEC in a lawsuit against Kraken exchange tagged several cryptocurrencies as securities. Fortunately, Ripple’s XRP was not one of them. This could be the sign of a major win in the long overdue Ripple SEC lawsuit.
In other news, cryptocurrency analyst, Moon Lambo, talked about the present condition and future price of Ripple. To start, Moon Lambo pointed out Ripple’s impressive performance as it remained above $0.60. He placed special emphasis on the critical $0.85 resistance level.
According to him, Ripple crossing this barrier could spark substantial gains. Moon Lambo also highlighted the impact that Bitcoin has on Ripple’s price fluctuations. He noted that Ripple coin’s new all-time high depends on Bitcoin’s positive trajectory.
Polygon (MATIC) Looking At Possible 70% Price Surge
Looking at Polygon (MATIC), this crypto has been on a rollercoaster. According to CoinMarketCap, Polygon’s market cap is $7.3 billion, making it the 14th largest asset. Things could change soon. Polygon crypto has found itself in a tight corner after the US SEC labeled it a security on November 20th.
It was part of the tokens mentioned in the SEC’s lawsuit against Kraken, a US-based crypto exchange. The weekly time frame shows Polygon MATIC’s price increased to a high of $0.98 on November 14th.
Currently, the Polygon coin has fallen from a 7-day peak of $0.9564830 to a low of $0.796504. Nevertheless, its technical indicators are still bullish. If Poygon’s MATIC regains bullish momentum, it can soar 70% to $1.50.
Everlodge: Whales Show Interest in Real Estate Properties
In addition to Ripple and Polygon, Everlodge (ELDG) has also caught the attention of whales. The ELDG token offers valuable advantages and practical applications. Holding ELDG tokens gives users discounts when purchasing properties in the Everlodge marketplace.
In addition, they can earn passive income through staking and even win luxurious vacations. Everlodge’s objective is to convert villas and hotels into NFTs. Thereafter, these NFTs would be divided into smaller fractions that traders could buy for a small amount. So you know, the value of the NFTs is tied to the properties they represent.
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Therefore, as the property’s value increases, so does the value of your NFT holdings. Everlodge plans to introduce a lending feature for traders seeking fast loans. You can use your NFT assets as collateral to get such loans
Currently, the ELDG token is priced at only $0.025. Whales are already accumulating this token due to its real-world utility. Also, its association with the $280 trillion real estate industry is a plus. Analysts have projected a 3,000% increase in ELDG’s value on launch day.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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