The cryptocurrency market is abuzz with anticipation and excitement ahead of the upcoming Bitcoin (BTC) halving event. While Bitcoin is setting the tone for the market, other tokens like Shiba Inu (SHIB) and Everlodge (ELDG) are also gearing up to join the party. Let’s explore the factors driving Bitcoin towards a potential $50,000 milestone before its halving and how this upward momentum could positively impact SHIB and ELDG.
Bitcoin (BTC) preparing for a remarkable surge
Bitcoin (BTC) is no stranger to price surges. Recently, prominent crypto analyst Michaël van de Poppe predicted that Bitcoin could surge to $50,000 before its next halving event. This optimism is fueled by bullish indicators, including Bitcoin’s rising network activity. On November 4, over 700,000 new addresses joined the Bitcoin network, according to crypto analyst Ali Martinez. Additionally, the Bitcoin price even reached $35,902 on November 2 – a level not seen since May 2022. The upcoming halving event is historically associated with significant price surges, further contributing to the positive sentiment in the crypto space.
Shiba Inu (SHIB) riding its coattails
When Bitcoin experiences a significant price surge, it tends to trigger positive sentiment across the entire crypto market, including Shiba Inu (SHIB). The rise in Bitcoin’s price could propel Shiba Inu to higher levels as investors seek opportunities beyond the leading cryptocurrency. In recent news, the Shiba Inu project revealed “The Shib Magazine,” which will offer insights into finance and beyond. Due to all these reasons, experts predict that the Shiba Inu coin price could experience significant growth, reaching $0.00001620 before the BTC halving event within Q2 of 2024.
Everlodge (ELDG): a hidden gem to watch
Everlodge (ELDG) is a unique blockchain-based project that aims to revolutionize the real estate market. With its innovative approach to property ownership and passive income generation, ELDG has the potential to attract a wide range of investors. As Bitcoin’s price soars, the increased interest in the crypto market can lead to greater visibility for hidden gems like ELDG.
This upcoming property marketplace will digitize and mint real-world properties into NFTs, fractionalizing them to enable investors to access the global real estate market (valued at over $280T). As these properties appreciate, so do the NFTs associated with them, providing an opportunity for users to benefit from property value growth.
In addition, Everlodge’s Rewards Club offers an extra avenue for passive income. Members can earn free nightly stays across the platform’s properties, similar to timeshare arrangements, with the option to resell these stays, generating a continuous source of passive income. However, the Club will only be accessible to holders of ELDG native tokens.
One ELDG token costs just $0.023 in Stage 6 of its presale, and millions of tokens have already been sold. Additionally, with a low market cap, ELDG can surge faster. Experts predict a rise to $0.038 before the presale ends.
For more information about the Everlodge (ELDG) presale, visit their website.