The largest investors in the crypto space called whales, have amassed tokens worth billions of dollars since the start of 2024. With the news of the crypto bull run everywhere, their accumulation is not a surprise. Three DeFi coins on their list include THORChain, Optimism, and Everlodge.
THORChain (RUNE) Price Surges 228.7%
THORChain (RUNE) has increased 228.7% in the past year, making it one of the DeFi coins whose price performance in 2024 is better than that of 2023.
Looking at the lower timeframes, THORChain price has increased 24.7%, 15.5%, and 21.2% on the 7-day, 14-day, and 30-day price charts. In terms of price movement, THORChain rose from a weekly low of $4.45 and peaked at $5.68.
The technical indicators for THORChain currently show a positive price picture, indicating further price increases in the near future. That would, however, depend on how the market is feeling overall.
In the immediate term, the price of THORChain may increase to $6.20 if the general market attitude stays favorable. Long-term price momentum that is more optimistic might drive the token to $8.
Optimism (OP) Price Forecast in the Short and Long Run
Just like THORChain, Optimism (OP) is also bullish on the year-to-date price chart. According to CoinMarketCap, the native token of the Ethereum scaling solution has increased 62.0% in the past year, reaching a yearly high of $4.25.
However, the bulls have lost their hold of the $4 price region and have gone lower. Optimism, which is part of the top 30 cryptos by market valuation, is now trading at the $3.30 – $3.88 price range on the weekly chart.
Its gains have dropped to a 16.0% and 9.4% price increase on the weekly and monthly timeframes, respectively. Nevertheless, analysts remain bullish on the DeFi Coin price trajectory. They have predicted the price of Optimism to pump to $4.35 in the short run and $6.21 in the long run.
Everlodge (ELDG) Predicted To Give Investors 50x Gains
Apart from THORChain and Optimism, whales have also shown huge interest in the DeFi coin, Everlodge (ELDG). The token which just launched on Uniswap after the end of its presale has caught the attention of whales as it looks forward to listing on more exchanges.
Usually, such listings are followed by a bullish price surge and this could be the case for Everlodge’s native token, ELDG.
Analysts have already predicted a 50x price surge for Everlodge in the coming months as it fights its feet in the crypto space. Those who took part in the crypto ICO have seen a 190% return on their investment and could see more in the coming months.
Everlodge (ELDG) To Revolutionize the Real Estate Market
Everlodge is a platform that will revolutionize the real estate market by democratizing access to property investments. Leveraging blockchain technology and NFTs, Everlodge aims to break down the barriers in the traditional real estate investment sector.
This will allow low-income earners to own shares in luxurious properties like hotels and villas in the form of NFTs. Everlodge will convert these properties into NFTs and then divide them into fractions which are very affordable.
Each fraction can be bought as low as $100, making real estate investment accessible to a broader audience. Now that Everlodge’s crypto ICO is over, investors are looking forward to the ELDG airdrop that will occur on February 16th.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.