As the cryptocurrency market experiences shifts and cycles, recent developments suggest that the crypto winter might end.
A notable indicator comes from none other than the financial giant Morgan Stanley, which stated that this bearish market is now ending. But how will this influence the fate of cryptocurrencies like Dogecoin (DOGE), Fetch.ai (FET), and Everlodge (ELDG)? Keep reading to find out.
Dogecoin (DOGE): A Lunar Boost from Elon Musk?
The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice
During a recent all-hands meeting, Elon Musk unveiled ambitious plans for the X platform, which include offering full payment and financial services by the end of 2024.The crypto world is ablaze with speculation on the inclusion of Dogecoin (DOGE) as a payment mechanism following this news.
From its modest beginnings as a meme coin, Dogecoin has grown into a reputable digital asset with a sizable and vibrant community. It is very exciting to consider a relationship with Elon Musk’s X. Should this collaboration materialize, it may give DOGE a lunar push and raise its price to uncharted territory.
After this news, the Dogecoin price increased from $0.06 on October 27th to $0.07 on October 30th. Experts in the crypto space have made a bullish Dogecoin price prediction. They foresee a surge to $0.098 by December 2023, as the crypto winter appears to be thawing.
Fetch.ai (FET): Bridging AI and Blockchain
Fetch.ai (FET), a project focused on combining artificial intelligence and blockchain technology, is at the forefront of exciting developments. Its DeltaV release, featuring an AI chat interface, has garnered attention.
As AI and blockchain integration gain traction, Fetch.ai could be in a prime position to benefit from the thawing crypto winter. The Fetch.ai price jumped from $0.20 on October 20th to $0.36 on October 30th.
Market analysts have set their sights on Fetch.ai’s performance, with bullish predictions for 2024. The current outlook suggests that the Fetch.ai token price could experience a significant surge, potentially reaching $0.39 within the second quarter of 2024.
Everlodge (ELDG): A New Era of Real Estate
Investors are taking notice of Everlodge (ELDG), a new real estate disruptor with a distinctive co-ownership concept. The platform’s capacity to let people invest in real estate fractionally is a unique idea. Everlodge will benefit from the warming cryptocurrency environment with property-backed NFTs and a desirable marketplace.
The large down payment needed to purchase a house is one of the major obstacles. Fractional ownership is a novel solution that Everlodge will provide. Users will be able to purchase residences on the blockchain using this marketplace. They will purchase fractional NFTs, which represent physical assets. Consequently, everyone may now access the $280T market.
In addition, Everlodge will lead the charge in resolving the real estate market’s liquidity problem. On Everlodge’s secondary market, platform users can sell their property-backed NFTs. This innovation makes it possible for real estate investors to unlock liquidity at any given time.
The ELDG native token has a clear advantage over Dogecoin and Fetch.ai: a small market cap and connections to a thriving real-world market. Experts predict that, as a result, its value will increase more quickly. As it is in Stage 6 of its presale, it now only costs $0.023; nonetheless, they anticipate a 30x rally for ELDG after its debut day.
Find out more about the Everlodge (ELDG) Presale
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