Market participants are optimistic and expect prices to rise. CryptoKaleo, an analyst, predicts that Cardano (ADA) and bitcoin (btc) will reach $11 and $49,000, respectively, in the future. Meanwhile, Everlodge (ELDG) may continue to rise in the coming sessions.
Cardano bet increases to $8 billion
The bet on Cardano is gaining momentum. Cardano News reports that more than $8.16 billion have been staked in ADA, representing 63% of the currency’s circulating supply.
This has increased ADA’s market capitalization to $11.83 billion and increased its trading volume by 103%, demonstrating growing interest and confidence in the platform.
On November 9, Cardano was trading at $0.368306, up 19.95% over the past week.
Meanwhile, analyst Dan Gambardello is bullish on ADA and predicts its market capitalization will rise to $400 billion.
bitcoin could rise to $49,000
Technical analyst CryptoKaleo has set a target of $49,000 for bitcoin, based on the current price movement, which he believes is similar to December 2020 ahead of the 2021 rally.
However, this forecast depends on the US Securities and Exchange Commission (SEC) approving spot bitcoin exchange-traded funds (ETFs), which Bloomberg experts believe it is likely to happen.
The approval period opened on November 9 and will last until November 17.
According bitcoin/” rel=”noreferrer noopener”>CoinMarketCapbitcoin is trading at $36,954, up 4.5% over the past week.
Everlodge to skyrocket as bitcoin ETF launches
Analysts predict that Everlodge (ELDG) could benefit from a timely launch of a bitcoin ETF.
Everlodge is an upcoming blockchain marketplace where users can own, buy, or sell real estate properties, such as vacation homes and hotels, as non-fungible tokens (NFTs). With Everlodge, users can invest in real estate for as little as $100.
The platform will also feature a rewards club, marketplace, launchpad, and lending platform. Users can use their NFTs to take out loans and earn free stays at properties and hotels through the rewards club. The more active users are, the more stays they can make and sell for extra money.
Everlodge plans to lock up its liquidity for eight years and its team tokens for two years to avoid a liquidation after launch.
Currently, ELDG, the platform’s native token, is available for $0.023 in the ongoing pre-sale. Analysts predict more profits in the future.
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