The crypto market had a strong October, with Bitcoin reaching $35,000. Other cryptocurrencies like Polkadot (DOT) and Cosmos (ATOM) also saw weekly gains. Additionally, analysts are optimistic about Everlodge (ELDG).
Polkadot introduced approximately 99 million DOT tokens into circulation on October 24. Surprisingly, the price of DOT has remained stable, thanks in part to the ongoing uptrend in the altcoin market throughout October.
Polkadot’s Price Stability and Future Prospects
In October, Polkadot (DOT) showed strong price stability. By October 30, it had risen by 4.33% on the weekly chart and 5.32% on the monthly chart, reaching $4.32. However, despite the positive market trend, DOT didn’t quite break the $5 mark.
The future of DOT’s price is uncertain, even with the plans for Polkadot 2.0. This cryptocurrency has endured several bearish cycles in the past.
Notably, the United States Securities and Exchange Commission (SEC) hasn’t classified DOT as an unregistered security. This could provide long-term support for the coin.
dYdX Launches Standalone Blockchain on Cosmos
On October 26, dYdX introduced its “alpha mainnet” on a standalone blockchain built on Cosmos. This marks a significant move for the decentralized derivatives platform and is a positive development for the Cosmos network, which has had its challenges.
While ATOM prices dropped to a low of $6.19 in 2023 on October 19, they have since rebounded to $7.56 by October 30. Despite the recent dip, analysts maintain an optimistic outlook, predicting that the coin may reach $8.34 by the end of 2023.
Everlodge: Transforming Real Estate with Affordable NFTs
Everlodge is on a mission to create a user-friendly and cost-effective marketplace for real estate. It’s connected to the vast $280 trillion real estate market and has a relatively low market capitalization.
While popular platforms like Polkadot and Cosmos have gained attention, analysts believe Everlodge is just starting its journey towards a potential bull run.
To enhance security, Everlodge utilizes smart contracts to store property information. Luxury properties are also divided into smaller, tradable non-fungible tokens (NFTs) to increase accessibility. This means that even those with limited funds can invest in valuable properties with as little as $100. Early adopters are already reaping the benefits.
The platform’s native token, ELDG, is currently available at $0.023 during the ongoing presale. However, supporters anticipate that the token’s value will increase by December, primarily due to the project’s unique features.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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