The post Market Analysis: Expert Forecast Bullish Outlook For Chainlink and Tron appeared first on Coinpedia Fintech News
The crypto market has entered another bullish phase, exciting investors. Analysts have evaluated the price movements of three coins in the market and forecasted bullish price movements for them. These three coins include Chainlink, Tron, and a new coin.
Chainlink (LINK) Staking V0.2 Now Live
Chainlink (LINK) had a memorable quarter, gaining over 100% since October began. On-chain data suggests that the recent increase set the stage for more price growth. As per data from IntoTheBlock, Chainlink coin had solid support between $13.16 and $13.55.
This could propel more price gains in the coming weeks. Chainlink Staking v0.2 has gone live. v0.2 featured an expanded pool size of 45,000,000 LINK in total which represented 8% of the current circulating supply.
According to analyst’s Chainlink price prediction, the price of LINK is predicted to rise by 26.47% and reach $ 18.19 by December
Tron (TRX) Price Prediction
In 2023, Tron (TRX) had a successful year, recording a 91.6% year-to-date (YTD) increase and earning recognition as the most widely used blockchain network, as reported by Coin98. Recent data from CoinMarketCap showed Tron TRX has maintained the $0.096310 to $0.109823 price level in the past week.
According to analysts’ Tron price predictions, this positive trend is expected to persist as we move into 2024. With the upcoming Bitcoin halving event scheduled for April, analysts predicted rising prices for Tron.
It is projected that Tron coin could experience a substantial surge of 392% in the months after the Bitcoin halving. As a result, Tron crypto could reach around $0.50 by September 2024.
Everlodge (ELDG): Get Fast Loans Using NFTs
Everlodge (ELDG) has emerged as a platform where traders can buy real estate properties with a small amount of money. Traders could become partial or full owners of valuable properties like villas, hotels, and luxurious homes.
To make this happen, Everlodge introduced a method that turned these properties into NFTs, which are like digital certificates. These NFTs are then split into smaller pieces. A major feature of these NFTs is that they represent the actual value of the physical properties. As the property values go up, the NFTs become more valuable too.
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At the same time, Everlodge has offered a lending service for traders who need short to medium-term loans. This eliminated the need for traders to approach traditional banks for loans. They could use their NFTs as collateral to borrow money on Everlodge.
Everlodge has its own native token called ELDG. This token is appealing to traders because it has practical uses in the real world. They can earn passive income by staking ELDG tokens. Currently, ELDG is available at a price of only $0.025.
Analysts have made optimistic price predictions for Everlodge, citing the high demand for this cryptocurrency. They predicted a 100x growth when it is listed on Tier-1 Centralized Exchanges (CEXs).
For more information about Everlodge (ELDG) please visit their website.
#PressRelease [Source: Coinpedia]