BlackRock, a major investment firm, is closer to getting a regulatory nod from the US Securities and Exchange Commission (SEC) for its bitcoin spot ETF application. Your product was temporarily listed on the Depository Trust & Clearing Corporation (DTCC). While approval is pending, analysts expect Polkadot, Cosmos and Everlodge to benefit.
Everlodge may benefit from bitcoin ETF launch
Global tourism has experienced growth since the end of the COVID-19 confinement.
Recent research indicates that there are more than 17.5 million rooms worldwide. However, it has been largely overlooked by those on middle or low incomes. This is because real estate investments require a significant initial capital.
Everlodge aims to simplify real estate investing by leveraging blockchain technology to transform real estate into non-fungible tokens (NFTs), which can be divided into smaller portions.
Importantly, anyone can purchase these NFTs for as little as $100 and trade them or use them as collateral for loans at Everlodge.
Meanwhile, five stages of its pre-sale have already been completed. The token, ELDG, rose over 100% from $0.01 to $0.23.
Analysts remain optimistic and expect the currency to maintain its bullish trend.
Polkadot updates betting dashboard
Moles has released its Stake Dashboard 1.1, following the suggestions of Ross Bulat, engineer at Parity Technologies.
The new dashboard is easier to use and allows participants to track ongoing activities on the network.
In the last week of October, Polkadot’s coin DOT was among the top gainers in the top 20 cryptocurrency market rankings by market capitalization.
Market experts expect DOT to reach $6.7 if a spot bitcoin ETF is authorized.
Cosmos active users increased by 182%
To increase user activity and adoption, Cosmos has been working hard, with some positive results.
According to data from Token Terminal, the number of daily active users (DAU) on Cosmos increased by 182% in the last 30 days, a notable increase.
Nomic, a bitcoin sidechain development company, recently launched its Inter-Blockchain Communication (IBC)-compatible nBTC. The goal is to facilitate how users send their bitcoin (btc) to the Cosmos blockchain using their native bitcoin addresses.
With this deployment, ATOM-Cosmos’ native currency increased by 8.3%, and trading volume increased by 120% due to increased network activity.
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