The post Ripple Gets Approval in Dubai As Everlodge and TRON Show Bullish Signals appeared first on Coinpedia Fintech News
Ripple’s XRP adoption is about to increase as DFSA has approved its usage in the Dubai International Financial Centre. Meanwhile, technical indicators show that Tron and Everlodge will see more price growth.
Ripple’s XRP Approved By Dubai Financial Services Authority
On November 2nd, Ripple shared some exciting news. They announced that the Dubai Financial Services Authority (DFSA) has given the green light to use XRP in the Dubai International Financial Centre (DIFC).
This means companies dealing with digital assets can now integrate Ripple’s XRP into their services. Meanwhile, Brad Garlinghouse, Ripple’s boss, mentioned that the company plans to expand in Dubai. Excitingly, the news had a positive effect on Ripple’s price as it rose to $0.624388.
Unfortunately, bearish pressure weighed in on November 3rd and Ripple cryptocurrency dipped 2.7% to $0.602881. Meanwhile, analysts have forecasted more price growth for the Ripple coin, XRP. CryptoBull noted that Ripple crypto could soar to $220 during the 2024 bull run.
Tron (TRX) Technical Indicators Bullish, More Price Gains Coming?
Tron (TRX) has shown strong bullish momentum this week despite the overall market’s slow performance. According to CoinMarketCap, Tron coin traded at $0.097686, an increase of 4.4% in the past 7 days. Meanwhile, Tron market cap dropped 2.62% to $8.6 billion, the same for its trading volume.
Interestingly, Tron crypto trades above key technical levels including the 50, 100, and 200-day Exponential Moving Averages (EMA). Last month, Tron’s TRX broke through the $0.08 resistance and turned it into support. Notably, the bulls gained more control over the trend. This made it harder for bears to influence the market.
As investor confidence grew, Tron’s price rose towards the $0.1 mark below dropping to $0.09 in November. Tron’s RSI is at 74.33, indicating that the bullish momentum is strong. This suggests that the uptrend is likely to continue. If this trend continues, it could push the Tron cryptocurrency to the next significant hurdle at $0.14. More gains would take Tron to the $0.2 price level.
Everlodge (ELDG); Real Estate Industry To See 5.2% CAGR By 2030
Real estate investing has always been a wise, profitable decision. In addition, a recent analysis estimated that until 2030, the real estate industry will expand by 5.2% yearly. Regretfully, very few people are wealthy enough to purchase real estate. Fortunately, Everlodge is taking a different approach.
A unique Web3 platform has been developed to transform the real estate industry. For as little as $100, you can purchase opulent villas and vacation houses using this blockchain platform. So how does it operate? Everlodge would convert these properties into NFTs, which you could purchase in smaller shares for as little as $100.
Lastly, you can get loans using NFTs on the lending platform. Meanwhile, Everlodge has launched its token called ELDG, which comes with benefits. The benefits include lower fees, VIP membership, holiday gifts, and discounts.
It does not end there. If you buy ELDG tokens, you can stake them to earn more. Currently, the ELDG token is in the presale phase, priced at just $0.023. Experts have forecasted these tokens to increase 20x when the marketplace launches, making Everlodge the best crypto to buy now.
For more information about the Everlodge (ELDG) Presale you can visit their website or join their community here.
#PressRelease [Source: Coinpedia]