Justin Sun, the founder of TRON and a Huobi stakeholder, stated recently that the crypto bear market is almost ending. Therefore, he forecasted a spring recovery during Q4 2023 and Q1 2024. Given the bullish forecast, analysts have picked three coins that could soar during this time. They include Binance Coin, XRP, and Everlodge.
Everlodge (ELDG): Why is Fractionalized NFTs a Big Deal?
Everlodge (ELDG) is out to leave a major mark in the real estate arena. They have created a strategy to make property ownership more attainable for people. What's particularly interesting and different about Everlodge is its NFT fractionalization approach.
In this method, Everlodge will create NFTs to represent properties that anyone can purchase. These NFTs are then divided into smaller units, each representing a percentage share of the entire property. This opens doors for individuals with small incomes to invest in the real estate market (worth over $280 trillion).
Everlodge will also use blockchain to remove barriers such as security concerns and geographical constraints. This means that you and I can diversify our investments globally and access them online. Also, the InterFi Network and BlockAudit have already carried out thorough audits of Everlodge's smart contracts.
Everlodge is in the sixth stage of its presale, with each token, ELDG, valued at $0.023. Industry analysts have forecasted ELDG to increase in price to $0.035 by the fourth quarter of 2023. Furthermore, they have precisely another rise to $0.1 by the first quarter of 2024. To join the project early, visit the Everlodge website or join their community here.
What’s Next for Binance Coin (BNB)?
Binance Coin (BNB), the native token of the Binance exchange, has had a rough time in 2023. The token was stuck between the $200 – $220 price level for over 90 days. The recent market recovery pushed the BNB coin price to a high of $238.82.
However, buying pressure has done some damage pulling the price of Binance Coin to $228.40 to end the month. Nevertheless, the BNB token remains one of the top 10 cryptos in the crypto market. According to CoinMarketCap, BNB is the 4th largest crypto with a market cap of $34.6 billion.
Despite the recent BNB price fall, its trading volume has been rising, rising by 33% on October 30th. Binance coin is currently between 50 and 200-day EMAs, a sign that bulls are in control. Meanwhile, the Binance Coin price prediction by analysts shows a possible climb to the $250 region in Q4 2023.
XRP (XRP) Looking At Potential Rally As Whales Move XRP
In the most recent XRP news, a large number of XRP tokens were transferred between two exchanges recently. According to the Whale Alert, 50 million XRP were sent from Crypto.com to an unknown wallet. This transaction was valued at about $27.6 million when it took place.
In addition, another unidentified account moved 26.7 million XRP, equivalent to roughly $14.82 million, to Bitstamp. The recent transfer of XRP coins into exchanges is a positive sign in the market. Besides, the XRP market cap and trading volume are currently up on the XRP price chart.
Meanwhile, XRP investors are still waiting for more information on the XRP SEC case. This could determine XRP's value in Q4 2023 and Q1 2024. However, XRP price prediction by analysts shows massive gains to $1 and beyond in 2024.