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The crypto market has been buzzing with anticipation following Grayscale's recent meeting with the SEC to discuss the prospects of a Bitcoin ETF. While specifics remain confidential, this interaction has drawn attention to alternative assets like Solana (SOL) and Everlodge (ELDG), which are gaining traction among traders for their potential growth.
Bitcoin (BTC): Rally Following Grayscale's Revealed Memo
Bitcoin (BTC) has experienced a resurgence in market sentiment following a disclosed memo revealing Grayscale's engagement with the SEC. The memo exposed discussions between Grayscale executives and the SEC regarding converting their renowned Bitcoin trust into a spot Bitcoin ETF.
Regarding the Bitcoin price performance, it has displayed resilience, recording a 57% bullish trend over the last 30 days. It increased from $30.462 on October 22nd to $36.455 on November 22nd.
Market experts have also made a bullish Bitcoin price prediction, forecasting it to reach $48.954 by December 2023. The transparency and potential regulatory advancements in the Grayscale memo have contributed to Bitcoin's upward trajectory.
Solana (SOL): New Cross-Chain Swapper
Recently, there was some exciting Solana (SOL) news as well. Initially tailored exclusively for Solana users, Phantom has expanded its scope with a cross-chain swapper. According to the Phantom announcement, the latest feature will facilitate liquidity bridging between Ethereum-based assets and USDC on Solana.
Solana's upward momentum is evident as it maintains its position above the 50 and 100-day EMAs, signaling stability and potential for growth. The Solana price increased from $42.21 on November 8th to $54.73 on November 22nd.
Analysts are projecting a price surge to $58.63 in their Solana price predictions before the end of 2023. According to them, this cross-chain swapper expands Phantom's utility and strengthens Solana's position as an attractive platform for cross-chain interoperability.
Everlodge (ELDG): A Potential Challenger to Bitcoin and Solana
While these Bitcoin and Solana developments are exciting, Everlodge (ELDG) will emerge as a promising contender in the crypto space. This rising presale star has already provided early buyers with a 150% ROI while selling 5M ELDG native tokens so far. Traders are confident in its substantial potential to disrupt traditional markets.
At its core, Everlodge will establish a one-of-a-kind property marketplace where you can fractionally own a luxurious hotel or vacation home for a low price. It will accomplish this by digitizing and minting these real-world assets into NFTs and then fractionalizing them. This will remove the high entry costs, significantly improving accessibility.
Integrating NFTs and smart contracts hints at a future where real estate transactions could become more streamlined. For example, smart contracts will automate all property-related tasks, such as tenant agreements and rent distribution. Therefore, you no longer need to rely on intermediaries like lawyers.
ELDG is now in Stage 7 of its presale costing only $0.025. But, unlike Bitcoin and Solana, it has real-world connections to the $280T real estate market while boasting a low market cap. Thus, it may reach its growth ceiling sooner.Experts forecast a surge to $0.038 before its presale ends. Those who buy it now will also participate in a Maldives holiday giveaway.
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Everlodge Team
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COMTEX_444097345/2655/2023-11-27T13:18:15
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No The Daily News Journal journalist was involved in the writing and production of this article.