A crypto analyst has shared reasons for avoiding Cardano (ADA), triggering discourse. In a separate development, a whale acquired $424 million worth of Bitcoin (BTC) within weeks. Meanwhile, Everlodge (ELDG) plans to integrate artificial intelligence (AI) and crypto into the real estate sector.
Analyst leaves out ADA in portfolio
Cardano is a proof-of-stake (PoS) blockchain platform and an altcoin.
Despite its positive performance in Q4 2023, an analyst recently outlined reasons for excluding ADA from their portfolio. The insights were shared in a YouTube video on Nov. 29, as reported by crypto.news.
The analyst pointed out Cardano’s challenges, including low usage, limited adoption, and slow, expensive transactions.
ADA is trading above $0.37 but has been lower in the past week.
Whale purchases $424 million worth of Bitcoin
Bitcoin has been trading between $37,000 and $38,000 for the past week, with analysts offering varying predictions for its end-of-year price.
Meanwhile, a mystery wallet has made significant Bitcoin purchases recently. The address acquired 875 BTC on Nov. 29, bringing its total holdings to 11,268 BTC, worth approximately $424 million.
The identity of the wallet owner remains a mystery, but their significant purchases have sparked speculation among market analysts. Some believe that the buyer may be an investor who is accumulating BTC for the long term, while others suggest that they might be planning to sell their holdings in the near future.
Despite the recent whale activity, BTC is relatively stable, hovering around the $37,000-$38,000 range.
Analysts remain divided on the crypto’s future direction, with some predicting further gains. Meanwhile, others are cautious about potential downside risks.
Everlodge: the future of real estate
Everlodge is merging the worlds of real estate, blockchain, and AI while planning to create a transformative experience for property ownership.
It aims to democratize the real estate market by becoming the first marketplace for fractional vacation home ownership, making luxury properties accessible to a broader range of investors.
Leveraging non-fungible tokens (NFTs), Everlodge enables users to purchase fractional ownership in luxury properties and villas starting from as little as $100. This approach breaks down the barriers to entry and allows individuals to participate in the lucrative real estate sector without the high upfront costs associated with traditional property ownership.
Everlodge further enhances its offerings by incorporating AI. The platform’s algorithms analyze vast amounts of data to identify undervalued and emerging real estate markets, providing investors with insights for informed investment decisions.
ELGD is available for $0.025 in its seventh presale round. Analysts remain bullish, expecting more gains after launch.
For more information about Everlodge (ELDG), visit their website.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
