A Closer Look at XRP, BNB, and Everlodge Before the end of 2023
December has always been an excellent month for markets as investors begin to feel optimistic about the coming year. Cryptos are ready to explode in 2024, at least according to many industry analysts, with the Spot ETF approvals taking place against the backdrop of rate cuts.
A looser monetary environment has always been rocket fuel for digital assets, and investors need to shop for their tokens now.
Binance Coin (BNB): A New Age For Binance
Binance Coin (BNB) managed to stay above the $220 liquidation point throughout the entire bear market, and now that CZ has left, a new era has dawned on Binance. Binance Coin is the token of the exchange, and the exchange’s performance heavily dictates how BNB does.
Under new leadership with a more regulatory-friendly approach, Binance Coin looks ready to get back on track and perhaps perform well during the upcoming years. The launch of its chain and all the sticky liquidity on the original Binance Smart Chain make it an ideal location for new dApp deployments.
The cost-effectiveness of the chain also makes it a natural hub for traders during peak activity phases. Users have to buy Binance Coin to use the chain, and in the situation of a massive bull run, it could add to the buying pressure for Binance Coin.
Ripple (XRP): Return of the Dinosaurs
Ripple (XRP) has enjoyed a phenomenal year, and analysts expect it to get better in 2024. Across the board, old layer ones like Cardano (ADA) and Avalanche (AVAX) are pumping, and Ripple might as well be up next. It escaped all regulatory FUD in 2023, and a US judge even ruled in its favor in a landmark case.
It has the green light to expand operations, and the number of clients using Ripple’s ledger for cross-border payments has shot up astronomically this year. This is Ripple’s bread and butter. Using its ledger allows people to move value from one country to another in minutes.
Everlodge (ELDG) Airbnb Meets Web3
Everlodge is an on-chain property marketplace that mints vacation homes, luxury villas, and hotels as NFTs and then fractionalizes them. This process allows anybody to invest in real estate and make passive income from asset appreciation. When the property price rises, so does the NFT.
The standout feature of Everlodge is the deep utility of the $ELDG token. It unlocks staking rewards- another passive income flow. Discounts on property purchases allow holders to become fractional property owners at a better rate. Free stays at Everlodge properties alongside entrance into giveaways are also planned. But most importantly, it unlocks the launchpad. $ELDG token holders can contribute liquidity to developers funding new developments and become early-stage investors in new real estate deals.
Everlodge is introducing liquidity and trading to a market worth $280 trillion.
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Filed under: Bitcoin - @ December 21, 2023 3:22 pm