As the end of 2023 draws close, investors are shifting focus to the upcoming year, and many are seeking diverse investment opportunities especially in the crypto space. With the altcoin season still in full swing, attention is firmly fixed on high-performing digital assets. Notably, Ethereum (ETH), Chainlink (LINK), and Everlodge (ELGD) have emerged as standout altcoins to keep a close eye on, given their remarkable performance in recent months. Let's delve deeper into these exciting investment prospects.
BitMex Co-founder Stays Confident on Ethereum (ETH) Over Solana
Arthur Hayes, co-founder of BitMEX, shared that he has made a bold move across to Ethereum (ETH). Despite the impressive performance of Solana (SOL) in the market, Hayes opted to sell his SOL holdings and allocate more resources towards Ethereum (ETH). In a post on X, Hayes expressed his inspiration to support Vitalik Buterin's Ethereum, particularly in light of the rising prices of SOL.
Hayes didn't just stop at the switch; he also made a bold prediction, foreseeing the Ethereum price reaching $5,000. During the first and second quarters of 2023, Bitcoin (BTC) experienced significant institutional interest, thanks to the rise of spot ETC applications. In contrast, Ethereum struggled with slower numbers, extending into Q3 despite the buzz surrounding the futures ETF.
Still, Ethereum's recent performance may align with Hayes' positive view. In early December 2023, Ethereum's price surged, crossing $2,100 in value.
Chainlink Staking v0.2 Sees Over 11 Million Tokens Staked
Chainlink (LINK), the top decentralized oracle network, just rolled out a significant upgrade to its staking protocol, known as Staking v0.2. The launch sparked a surge of activity, with over 11 million Chainlink tokens staked within just 30 minutes of going live.
This buzz around Staking v0.2 reflects a robust belief in Chainlink's prospective growth.
Chainlink's price has been trailing behind market leaders like Bitcoin and Solana. With a modest 7.95% increase in the last 30 days, it falls short compared to the broader market trends.
Everlodge (ELDG) is Predicted to 10X on Launch
Everlodge (ELDG) is an emerging player in the DeFi market, aiming to revolutionize real estate ownership by turning properties such as vacational homes and hotels into fractional NFTs. This distinctive approach allows investors to acquire these properties at a reduced cost, with the value of the NFTs directly linked to the underlying properties.
Here's what the process looks like in theory: The platform tokenizes vacation properties into fractional NFT items, making property acquisition affordable for all investors regardless of financial status. Plus, you can use these NFTs as collateral for loans as well as stake the proceeds in the ecosystem’s liquidity pool.
Currently, in the eighth stage of its presale, the platform's native cryptocurrency, ELDG, is priced at 0.027. Analysts have also predicted Everlodge to be among the best cryptocurrency investments to watch out for ahead of 2024 considering its potential to reach 10X on launch.
Looking ahead, Ethereum, Chainlink and Everlodge have established significant potential for high yields and are noteworthy options to consider when seeking the best crypto investments to add to your portfolio.
For more context, Ethereum's enduring relevance within the crypto community enhances its value and attractiveness, while Chainlink's innovative solutions hold the potential to drive its prices to new heights. Additionally, Everlodge's practical utility establishes a robust foundation of financial security for your investment.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
