Excitement has been rekindled in the crypto market after the Fed hinted at a potential interest rate drop. Bitcoin has capitalized on this, surging past $40,000 to set its sights on $44,000.
Polygon (MATIC) is another crypto that has gained momentum in the last few days. Because of this, a top crypto analyst has predicted a potential price surge for MATIC.
Amidst the price rally, Everlodge has caught the attention of the crypto space. The project has gained popularity as it looks to lead the adoption of real AI in the crypto space.
Bitcoin Has Reclaimed $40,000, Sets Sight on $444,000
A key Fed official has raised the possibility of a rate cut by spring if inflation keeps slowing. The announcement provided the cryptocurrency market a positive boost.
Profiting from the optimistic outlook, Bitcoin surged beyond $40,000. The price of Bitcoin will surpass $44k if it breaks above $43,400.
Additionally, TradingView data has indicated that the price of Bitcoin may soon surpass $40,000. The approval of a spot Bitcoin ETF is imminent, which might lead to a price rise above $50,000.
Analysts have projected that the Bitcoin price could increase to $100,000 by the time of the Bitcoin halving. Some have projected a price of $100,000 for BTC by April 2024.
Polygon (MATIC) Could Surge Soon
Pseudonymous analyst Bluntz has shared his sentiments about Polygon (MATIC). Based on his analysis, MATIC is currently showing significant bullish signs.
According to Bluntz, the price of Polygon is ready for a potential 20% push. When this happens, the price of MATIC could rally to a new high above $1. The MATIC price last traded above $1 in May.
Several developments could cause the Polygon price to increase. First, the network is looking to transition. As part of the upgrade, the Polygon network will launch a rebranded POL token.
In addition, Lumoz has announced that they will launch StableNet - an EVM-compatible ZK-Rollup - on Polygon. These events could provide the momentum for a price increase for the Polygon coin.
Everlodge Leads Adoption of Real AI in Crypto
Artificial Intelligence (AI) has emerged as one of the hottest trends in recent months. According to experts, AI will eventually prove to be priceless for platforms that rely on smart contracts and cryptocurrency. Everlodge has embraced this, integrating AI into its blockchain-based real estate marketplace.
The purpose of these tools is to assist Everlodge members in making better investment decisions in real estate. These tools are available to Everlodge customers for monitoring, scanning, and analyzing worldwide real estate values.
They will not only have access to the most recent global real estate prices, but the AI technologies will also be able to forecast future values. Everlodge wants to provide these properties with more optimized access.
The integration of AI aligns with the project's objective of facilitating global accessibility and ease of real estate investing. Due to this, the project has already become popular in the crypto space, drawing a lot of investors to purchase ELDG, the native network token.
The project has quickly sold over 18 million ELDG tokens. Also, because Everlodge is connected to the real estate market, which is valued at over $280 trillion, analysts have expressed optimism about it.
They have therefore estimated greater upside potential for Everlodge than the Polygon coin. By 2024, ELDG could easily reach $1 per token, while trading at $0.025 at the moment.
For more information about Everlodge (ELDG) please visit their website.
Everlodge Media Team
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