Cryptocurrencies have recovered from their mid-November crash. Traders appear to have moved on from the Binance saga and the SEC settlement. The market is once again in full swing and numerous currencies have seen notable increases. The leaders driving the market rebound are Solana and bitcoin.
Another piece of news that has the crypto community excited is Everlodge's integration of artificial intelligence into its real estate market. Let's see how these trends are affecting the cryptocurrency market today.
Why has the price of bitcoin risen today?
bitcoin (btc) price fell back to $36,000 amid the settlement between Binance and the SEC. bitcoin traders seemed to have put the incident behind them, as the market is seeing further price gains.
bitcoin/” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>The price of bitcoin has surpassed the barrier of $39,000. Now that it has regained this support, a move above the $40,000 mark seems more likely. The price increase was due to a number of factors, including a rise in CME btc futures.
The buzz around a bitcoin spot ETF is the main contributing factor. According to James SeyffartBloomberg ETF expert, there is a good chance that a spot ETF will be approved before January 2024.
Additionally, the cryptocurrency community is preparing for another bitcoin halving in April 2024, generating more excitement.
Solana jumps double digits, what's behind the rally?
The bullish sentiment easily spread throughout the cryptocurrency market and the Solana coin emerged as one of the biggest winners. SOL price jumped double digits to reclaim the $60 mark.
The rally came amid a flurry of on-chain activity in Solana's nft markets and decentralized apps. The Solana blockchain saw a 10% increase in active addresses, while dApp volume increased by 9%.
CryptoSlam reported that Solana nft activity increased by 35% last week. In the period, SOL recorded $24.5 million in sales, making it one of the most active blockchains.
These factors have contributed to promoting the solana price back toward year-to-date highs.
Everlodge (ELDG) has integrated ai into the real estate market
Everlodge gained popularity when it introduced the world's first blockchain marketplace for real estate properties. The project aims to help users around the world gain easy access to investing in luxury properties through the use of NTF fractionation.
The project has taken it to the next level by integrating artificial intelligence. Integrated into its blockchain platform, Everlodge aims to offer more streamlined access to these properties.
Everlodge's ai tool helps monitor and scan global property prices across all territories. With this, the latest property prices around the world would be displayed.
They can also help traders predict the future of their investments. This will help investors choose the best properties to invest in.
This, in addition to its unique real estate market, has earned Everlodge great praise and acceptance. Its native token, ELDG, has already surged 150% to $0.025.
For more information about Everlodge (ELDG), visit their website.
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