The post Bloomberg Analysts Say SEC To Approve All Spot Bitcoin ETFs; Dogecoin, Polygon, and Everlodge Price To Skyrocket appeared first on Coinpedia Fintech News
Bloomberg analysts have predicted that the US SEC (Securities and Exchange Commission) would approve all Spot Bitcoin ETFs. Interestingly, this would spark a major price rally for cryptocurrencies like Dogecoin, Polygon, and Everlodge.
Dogecoin (DOGE) To Reach $1 After 2024
Dogecoin, the largest meme coin, might be getting ready for a positive price increase. According to Crypto Kaleo, a well-known crypto analyst, Dogecoin’s price could reach $0.20 in the next rally. However, he advised that Dogecoin’s value reaching $1 will not happen until after 2024.
Meanwhile, Crypto Kaleo believes that before reaching $0.20, Dogecoin might face some challenges. First, the price of Dogecoin might have to deal with resistance between $0.09 and $0.10. Then, it would face another obstacle at $0.15. Notably, the $0.20 target is linked to Bitcoin.
As a result, Dogecoin’s price forecast depends on Bitcoin’s ETF launch and Bitcoin halving. The price of Dogecoin has increased 8.86% in the past week and reached $0.076159 on November 9th. Interestingly, Dogecoin’s trading volume has gone up, a sign of high market activity.
Polygon (MATIC) Holders Amassing More Tokens
Polygon’s MATIC, the token of the Polygon blockchain has witnessed a major price rally that pushed its value above the $0.80 mark. The last time it traded at this level was in July 2023. According to CoinMarketCap, Polygon price traded at $0.817180, a 21.4% price hike in the last week.
One factor pushing the price increase is token accumulation. MATIC holders who own between 100,000 and 10 million MATIC tokens have been buying more polygon coins. A report from Santiment shows that they have added MATIC tokens, worth almost $35 million, since October 24th.
Another reason why Polygon crypto is going up is the increase in transactions of $100,000 or more. All this increased activity has caused MATIC’s market cap to pump by 54% in just three weeks. If the US SEC approves spot Bitcoin ETFs, Polygon’s value could rise to $1.
Everlodge (ELDG) NFTs Are Very Unique
In 2023, Everlodge (ELDG) has become widely popular, thanks to its innovative platform. It aims to simplify real estate investment by using blockchain technology. Many analysts and investors are excited about this project, which aims to change how people own real estate.
Previously, a lot of money was needed to invest in the traditional real estate market. But Everlodge has changed that by allowing anyone to start investing with just $100. To make this possible, they would turn properties like villas, hotels, and homes into NFTs.
Meanwhile, regular real estate transactions can take up to seven weeks. Everlodge has a solution for this. They have a marketplace where you can quickly sell or trade your property-backed NFTs. One thing that makes these NFTs unique is that as the property’s value goes up, the NFT’s value goes up as well.
The ELDG token is crucial in this project, and it’s currently worth $0.025 in its presale. Token holders get discounts, rewards, and VIP membership benefits. Those investors who got in at the ground-level price have already made a 150% return on their investment. Analysts believe that ELDG’s potential is limitless and predicted that its value will rise to $0.38 before the presale ends.