According to a post by the renowned analyst Ali Charts on X, three whales control 43.14% of the total Ethereum supply. One of these whales has been observed to participate in the PCHAIN presale since ETH has faced significant corrections after the recent rally, and the price and demand have declined considerably.
Let’s examine the emerging project and determine the factors that lead to the whale’s confidence in the new altcoin’s potential to provide better returns.
Ethereum (ETH): Uncertain Price Action Near Critical Support
With the massive rally in November 2024, the Ethereum price surged over 70% within a month. Despite this momentum, Ethereum faced rejection at the $4,090 price level, and the price dropped to the $3,220 support level.
Ethereum consolidated below the $3,540 resistance following this decline for two weeks. However, as the price moved above this resistance, it quickly faced another rejection from the $3,746 price level and has now corrected to the 100-day SMA.
Ethereum is trading at $3,211 after a 5.3% surge and a 65% increase in trading volume in the last 24 hours. Yet, the MACD oscillator is declining fast, indicating increasing bearish pressure. This uncertainty has led to prominent investors hedging their Ethereum positions with the PCHAIN presale.
PropiChain (PCHAIN): Trade Real Estate On The Blockchain
PropiChain is an RWA trading platform that addresses real estate issues like opaque pricing, heavy reliance on intermediaries, fraud risks, and high transaction costs using blockchain, AI, and the Metaverse.
PropiChain has converted real estate into tokens that are tradable on the blockchain. The tokens represent fractions of properties, allowing users to embrace the fractional ownership model.
Fractionalization encourages frequent transactions, which improves liquidity and provides more diversification opportunities. It also enhances accessibility as multiple investors can pool capital to invest in high-end real estate and gain an edge over conventional investors.
PropiChain has further improved accessibility by incorporating the Metaverse, which offers users a virtual experience of all their dream real estate. Thus, users can assess multiple distant properties without traveling and finalize investments from the comfort of their homes.
Furthermore, the platform’s AI chatbots and virtual assistants are available 24/7 to resolve all user queries and provide assistance with various investment processes, such as helping understand legal documents and complex paperwork.
The AI also offers insights into future price and demand fluctuations by analyzing large datasets of property transactions. Investors can utilize this information to develop investment strategies ahead of time to improve their success rate.
Additionally, PropiChain offers automated transactions to help implement these strategies with 100% accuracy. The AI automatically executes an order based on the user’s specified valuation for a particular property and increases potential profits.
After purchasing a property, PropiChain users can also automate the leasing using the platform’s smart contracts. These automatically draft lease agreements and trigger them when both parties have completed signatures, and the tenant has made the fund transfers.
Moreover, tenants can automate their monthly rent payments through smart contracts and free themselves from the task of making manual transfers. Landlords can also set a fixed penalty for late rent, which gets added to the next rent cycle.
PropiChain’s native token, PCHAIN, which is essential for the platform’s maintenance and functioning, is in the presale phase.
Why Ethereum Whales Are Investing In The PCHAIN Presale
The PCHAIN presale has progressed to stage two and has raised over $2 million. Currently, the token is valued at $0.011 but will surge to $0.023 within a few days when it reaches the next stage and to $0.032 when it launches.
Thus, investors can turn a $1,000 capital in this stage to over $2,000 by the third stage and over $2,900 by the end of the presale.
However, ETH Whales are investing in PCHAIN, as analysts predict it will outperform the Ethereum price with an enormous rally after the presale and can provide hundreds of thousands of dollars in returns.
Conclusion
As Ethereum has been unable to regain demand and continue the previous uptrend, a primary ETH whale has been spotted investing in the PropiChain presale for better returns.
PropiChain is revolutionizing real estate by integrating blockchain, AI, and the Metaverse into its RWA platform and developing an investment environment that breaks entry barriers and offers users advantages over the traditional market.
Regarding security, BlockAudit has audited the platform to determine user safety. After rigorous testing, they reported zero security vulnerabilities and guaranteed regulatory compliance, ensuring PropiChain’s integrity.
Moreover, the early investors witnessed quick profits since PCHAIN was listed on CoinMarketCap, which boosted the presale momentum. Investors can expect more momentum as the project develops and reaches more milestones.
Through the presale, investors can turn a $1,000 investment into over $2,900, but Ethereum whales have invested in PCHAIN for the rally after the presale to capture tremendous returns.
For more information about the PropiChain (PCHAIN) Presale:
Website: PropiChain
Join Community: https://linktr.ee/propichain
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