After weeks of slow price growth, Santinent has reported a major bullish turnaround for the BNB token which could lead to a massive rally. Meanwhile, a top Forbes contributor has said that a watershed moment for the crypto market is imminent and XRP and Everlodge will be at the center of it. Let's dive into the details of these exciting trends.
Santinent Reports Bullish On-chain Metrics, Analysts Suggest Price Rally
2023 has been a mixed year for the BNB token. With its parent company, the Binance exchange embroiled in a major lawsuit against the U.S. SEC, the price of the token plunged below $250 in July. Although the BNB price dropped as low as $205 in October, there have been positive signs in recent weeks.
Advertisement
According to the Santinent data shared by FXStreet, the BNB network has recorded a spike in development activity, open interest, and social metrics over the last three months. The report stated that a rise in open interest indicates an increase in capital inflow to the BNB coin. As a result, a price rally is expected.
The BNB coin has recently increased to the $250 level. However, it would need to break above this key resistance to sustain its bullish momentum. CoinCodex is very bullish about BNB, predicting that the altcoin could rally to $445 over the next month.
XRP Would Be At the Heart of the Watershed Moment for Crypto
Advertisement
Ripple and XRP have shown remarkable strength over the last year. With the Ripple Lawsuit swinging in favor of the crypto company, the industry has been predicted to experience a "Watershed Moment."
With this, Forbes senior contributor Billy Bambrough has predicted that the XRP coin will be at the centre of the gains. Bambrough highlighted the Bitcoin spot ETF and the halving event of 2024 as other catalysts for this price surge. According to the report, the XRP coin could increase by more than 300%.
A rally of this magnitude will take the price of the XRP crypto above $2.08. Analyst Dark Defender has predicted a potential long-term All-Time high if the XRP price surpasses. According to the analysis shared by Dark Defender, XRP price could record a new ATH of $18.22 if it surpasses the $1.88 Fibonacci level.
Everlodge Brings Tokenization To Real Estate, Analysts Forecast a Major Price Rally
Real estate is one of the oldest industries with a valuation of over $280 trillion. Everlodge has recognized the immense potential in this market and has introduced a marketplace to transform how investors interact in the industry.
The aim of the project is to solve the high overhead cost and accessibility that has restricted investors from joining this market. Real estate properties like hotels, luxury villas, and vacation homes will be tokenized and listed on the Everlodge marketplace as NFTs. Because it operates on a public blockchain it becomes accessible to every individual.
Everlodge has introduced a unique co-ownership model to solve the problem of high cost. The tokenized properties will be fractionalized, with each fraction representing a share of the actual property. Each share will start at only $100, making investment in this lucrative industry very accessible.
Advertisement
Also, revenue generated from these properties will be shared among NFT holders. Its novel co-ownership model has made Everlodge one of the top contenders for the next blue chip project. While in its sixth presale stage, you can buy Everlodge tokens, ELDG at $0.023. As the crypto market enters its watershed moment, ELDG has been projected to reach $0.35 per token.
