December has always been a great month for the markets, as investors begin to feel optimistic about the year ahead. Cryptocurrencies are set to explode in 2024, at least according to many industry analysts, and spot ETF approvals will take place against a backdrop of rate cuts.
A more flexible monetary environment has always been fuel for digital assets, and investors should buy their tokens now.
Binance Coin (BNB): a new era for Binance
Binance Coin (BNB) managed to stay above the $220 settlement point throughout the bear market, and now that CZ is gone, a new era on Binance has begun. Binance Coin is the token of the exchange, and the performance of the exchange largely dictates how BNB performs.
Under new leadership with a more regulation-friendly approach, Binance Coin appears poised to get back on track and perhaps perform well for years to come. The launch of its chain and all the difficult liquidity of the original Binance Smart Chain make it an ideal place for new dApp deployments.
The chain's profitability also makes it a natural hub for merchants during busiest phases. Users have to purchase Binance Coin to use the chain and in the situation of a massive bull run, it could increase the buying pressure for Binance Coin.
Ripple (XRP): The return of the dinosaurs
Ripple (XRP) has enjoyed a phenomenal year and analysts expect it to improve in 2024. Overall, older layers like Cardano (ADA) and Avalanche (AVAX) are pumping, and Ripple could well be next. It escaped all regulatory FUDs in 2023, and a US judge even ruled in its favor in a landmark case.
It has the green light to expand its operations and the number of customers using Ripple's ledger for cross-border payments has skyrocketed astronomically this year. This is Ripple's bread and butter. Using your ledger allows people to move value from one country to another in minutes.
Everlodge (ELDG) Airbnb meets Web3
Everlodge is a chain real estate marketplace that mint vacation homes, luxury villas and hotels as NFTs and then fractionalize them. This process allows anyone to invest in real estate and earn passive income from the appreciation of the assets. When the property price goes up, so does the nft.
The standout feature of Everlodge is the deep utility of the $ELDG token. Unlock rewards for staking, another passive income stream. Discounts on property purchases allow owners to become fractional owners at a better price. Free stays at Everlodge properties are also planned along with entry to giveaways. But most importantly, it unlocks the launch pad. Holders of $ELDG tokens can provide liquidity to developers funding new developments and become early investors in new real estate deals.
Everlodge is introducing liquidity and trading to a market valued at $280 trillion.
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