The cryptocurrency market is very competitive due to the continuous influx of crypto projects. This has forced top players like Binance Coin and Litecoin to fight to maintain their position.
Now, a new entrant in the form of the real estate crypto project, Everlodge, has emerged, to challenge the dominance of Binance Coin and Litecoin. Let us see if Everlodge has the potential to outshine these top guns.
Binance Coin (BNB) To Pump 16.11%
Captain Zhao, the founder and CEO of Binance, resigned and admitted guilt in a significant agreement with the DOJ. This event marked a major change in the world of cryptocurrency. As per reports, Binance exchanges experienced a large withdrawal of more than $1 billion.
This has affected the price of Binance Coin in the short term. Data from CoinMarketCap showed that Binance Coin price had dropped from a seven-day peak of $260.06 to $223.78. Surprisingly, the price of Binance Coin has seen an uptick to $230.26.
According to analyst's Binance Coin price prediction, Binance Coin value is predicted to rise by 16.11% to $265.72.
Litecoin (LTC) To Surge After Bitcoin ETF Launch
The price of Litecoin (LTC) has been stagnant in the past week with a difference of just 0.5%. Meanwhile, the Litecoin price displayed a 1.2% price increase on the monthly chart with a negative year-to-date.
Litecoin recorded 16/30 (53%) green days with 2.79% price volatility over the last 30 days. Looking at Litecoin technical indicators, Litecoin value could drop in the coming days. Currently, the RSI value has slipped below the 50 average to 49.93.
This indicated that bears have gained the upper hand and Litecoin could drop further. Analysts remain bullish on Litecoin. They have predicted that the launch of a Bitcoin ETF could spark a price rally before the end of 2023.
Everlodge (ELDG) Introduced Blockchain Technology and NFTs To the Real Estate Sector
Everlodge (ELDG) has made significant progress in the real estate industry by introducing a new way to trade properties. In the past, owning a luxurious villa in prime locations like Dubai was limited to the wealthy.
Everlodge's innovative platform disrupted this age-old tradition. The platform combined blockchain technology with NFT fractional ownership to open up luxury property investments to a wider audience. Everlodge used blockchain for secure property information storage, including titles and deeds.
NFTs simplify the trading of real estate properties, representing a user's share in a property. NFT holders could trade these assets on Everlodge or other ERC-20-based marketplaces without long waiting periods. It is priced at $0.025, with experts predicting a massive price increase in the future. They cited Everlodge's integration with the $280 trillion global real estate market as a major catalyst.
Everlodge has announced a Christmas Meme Contest ending on December 4. Participants are encouraged to create a festive meme embodying the Everlodge spirit. Afterward, they are to share it using #EverlodgeChristmasMeme as a hashtag while tagging @EverlodgeHQ on Twitter.
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