The post New Altcoin Rises; Will it Mirror Top Coins Like Litecoin and Chainlink? appeared first on Coinpedia Fintech News
Litecoin and Chainlink are two crypto projects that have seen bullish gains in the fourth quarter of 2023. According to CoinMarketCap, Litecoin and Chainlink’s prices have increased by more than 10%. A new crypto project has entered the market and that is Everlodge. Just like Litecoin and Chainlink, Everlodge’s adoption rate has been high in the past month. One major reason for the adoption is its connection to the real estate market.
Everlodge (ELDG) Digitizes Real Estate Properties
Everlodge (ELDG) is gearing up to unveil a new web3 marketplace that allows people from all walks of life to invest in real estate. Now, let’s look at how Everlodge plans to make this a reality. To begin with, Everlodge will craft NFTs, which are like digital assets for these properties.
These NFTs will then be split into smaller portions, and the minimum buy option is $100. What makes these NFTs enticing is that you have the option to sell them anytime. You can do this either on Everlodge’s own marketplace or on platforms that support ERC-20 tokens. Apart from that, there is a passive income opportunity. Everlodge offers a unique chance for passive income.
You can earn money when others rent or purchase the real estate properties you hold. On top of that, you can invest in Everlodge’s token, ELDG, stake it, and then receive passive income every month. Additionally, Everlodge’s ecosystem will introduce a Launchpad where property developers can secure funding.
And there’s also the Lending program, where investors can obtain loans using their NFTs as collateral. Currently, the price of Everlodge’s ELDG token stands at a modest $0.023. Experts foresee a potential rise to $0.38 by the end of 2023, thanks to its low market capitalization and unique features.
To join the project early, visit the Everlodge website or join their community here.
Will Litecoin (LTC) Go Up in the Upcoming Bull Market?
Over the past few years, Litecoin (LTC) has had a strong journey. It went through two Litecoin halvings and has been staying in a symmetrical triangle pattern. Litecoin’s price today has been going up. Since October 16th, it has risen by about 10%.
As of October 30th, Litecoin USD is being traded at $69.15, and its total market cap is $5.1 billion. If we look at Litecoin’s price chart, we can see that Litecoin token has been stuck in a price range. It has been moving between $65.97 and $71.90 in the past week.
Traders looking for Litecoin price forecasts should watch out for these support and resistance levels. Litecoin’s support levels are at $42.7 and $53.4, while it has resistance at $74.7 and $85.4. According to analysts’ Litecoin price prediction, the token could reach $87 in 2023.
Will Chainlink (LINK) Continue To Rise?
Chainlink (LINK) had a strong week as one of the best-performing tokens in October. This boost comes from its partnership with Vodafone and other key players in the market, which is expected to strengthen its position even further.
According to CoinGecko. Chainlink crypto has shown double-digit gains of 50.1% and 37.8% on the 14-day and 30-day chart. This bullish rally has pushed Chainlink’s crypto price to $11.33 on October 30th. Technical indicators for Chainlink coin are currently bullish with the RSI above 70, a sign of more price gains.
However, the resistance level will play a crucial role in determining Chainlink’s future price movement. If the Chainlink token can break through these resistance levels, it could achieve new all-time highs. Meanwhile, Chainlink’s price prediction points to a possible move to $23.8 in 2024.
#PressRelease [Source: Coinpedia]