Lately, there were forecasts suggesting Ripple could reach a market cap of $50 billion, but the certainty of this outcome has diminished, and we’ll explore why.
Additionally, there is notable interest in cryptocurrencies like Avalanche and Everlodge. Delve into the details to understand the factors influencing these predictions.
XRP Manipulation; AVAX and ELDG Stand Strong
Ripple ETF Fakeout Hits XRP Price: A recent episode of market manipulation unfolded as fake news about a BlackRock ETF filing caused a temporary surge in Ripple’s price, only to plummet by 10% once the misinformation was confirmed. This contributed to a continued decline in Ripple’s value, diverging from earlier predictions of a potential $50 billion market cap for November, with its current market cap hovering around $32 billion.
Avalanche: All-In-One, Except Layoffs: In contrast, Avalanche (AVAX), despite a recent restructuring that saw a third of its workforce laid off, has exhibited resilience. The company’s strategic expansion into India seems to be paying off, with a 14% increase in the one-week chart and an impressive 88% surge in the one-month chart. Avalanche’s diverse approach, targeting various sectors such as gaming, traditional finance, art, and offering a high-speed Core wallet, positions it as a versatile player in the crypto landscape.
Everlodge’s Killer Business Model: Meanwhile, Everlodge (ELDG) stands out with a robust business model. Despite the ongoing crypto retracement, Everlodge has seen a remarkable uptick in its price during the presale stage, currently priced at $0.027, marking a 170% increase from its initial value. Positioned as a DeFi project, Everlodge revolutionizes real estate investment by targeting the vacation rental market. Through NFT minting and fractionalization, Everlodge democratises property ownership, allowing investors with as little as $100 to co-own luxury properties worldwide. This innovative approach addresses the challenges faced by generations like Gen Z and millennials in entering the property market, providing an inclusive investment avenue.
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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