Morgan Stanley, a large investment bank, recently stated that the upcoming Bitcoin (BTC) halving could trigger a fresh bull market in 2024. This could lead to significant increases in the price of Bitcoin and other altcoins, such as Shiba Inu, BNB, and Everlodge.
Everlodge is a web3 marketplace for real estate trade that could see even more gains in 2024. The global tourism industry has been growing since the end of the Covid-19 lockdown, making it difficult for many to join the real estate industry due to the large amount of money upfront. Everlodge has harnessed blockchain technology to turn real estate into NFTs, which can be split into smaller parts. These NFTs have more value than regular ones, with their value increasing as the properties appreciate. During this time, the value of its token, ELDG, surged by more than 100%, going from $0.01 to $0.23.
Shiha Inu and BNB crypto are not the only tokens that can benefit from the Bitcoin halving. The Shiba Inu (SHIB) team is working on a new feature to allow SHIB coin holders to manage their identity. A Shiba Inu developer, Kaaldhairya, mentioned the news in a comment on October 28th. He talked about a digital ID system for SHIB coin holders. This new feature, called Self-Sovereign Identity (SSI), is expected to make SHIB more decentralized and strengthen the Shiba Inu ecosystem, while also attracting more investors and affecting its price in the long term. The Shiba Inu coin price crossed the $0.00000803 level in October. Analysts have noted that Shiba Inu’s value will rise to $0.00003360 in 2024.
BNBChain has also launched a multi-signature wallet service called BNB SafeWallet. This wallet uses the Gnosis Safe protocol and works on both the Binance Smart Chain and opBNB. This is expected to make the BSC network more secure, as well as offer users a safe place to store their digital assets. BNBChain’s native token, Binance Coin has seen huge gains lately, breaking out of its consolidation phase and increasing to $229.25 on October 30th. Analysts have forecasted that BNB price will increase to $310 in 2024, soaring on Bitcoin’s halving event.