Following Ripple’s victory in its lawsuit with the SEC, some experts believe a proposal for an XRP Spot ETF may be the next move. Meanwhile, investors are trooping to Everlodge (ELDG) presale, a new altcoin that has surged by 190%.
How high can XRP go?
Since its launch, XRP has maintained a spot among the top-ranking cryptocurrencies. Ripple (XRP) was launched in 2018 to revolutionize money transfer, even within the banking system. Because of its valid utility, many people became interested in the project, and the XRP coin rose by over 1000% quickly.
If not for a multi-year legal battle with the US Securities and Exchange Commission (SEC), XRP would have continued on that speed lane. This court case negatively impacted the price of XRP in the past few years. Gratefully, the case has been resolved in favor of Ripple and the XRP coin has been on a steady climb ever since.
Interestingly, analysts suggest that an XRP Spot ETF might be the next interest of Wall Street. This news comes at a time when proposals for Spot Bitcoin ETF and Spot Ethereum ETF are awaiting approval from the SEC. The idea is that XRP’s relevance in traditional finance could hasten things for its spot ETF approval. If this happens, it will increase demand for the token and drive up the coin’s value.
Thus it begs the question, how high can xrp go? According to Changelly’s analysis, the minimum price of XRP in 2024 will be around $0.456 and the maximum XRP price may be around $0.621. Currently, Ripple (XRP) is $0.62, which is the same as the maximum price prediction of some analysts in 2024.
Little wonder investors are going for new altcoins like Everlodge (ELDG) as they anticipate maximum returns in the upcoming bull season.
Everlodge (ELDG) early investors are excited for 190% surge
Everlodge is a unique marketplace that enables users to purchase villas and hotels in fractions. The sweet part is that they can get in with as little as $100. Everlodge facilitates the entire process by minting asset-backed NFTs.
In essence, the platform converts costly real estate into distinct NFTs. These NFTs are further broken down into smaller, inexpensive pieces. That way, investors can own a piece of a hotel or luxury villa without breaking the bank.
Usually, it is difficult for real estate owners to sell their properties without an agent. Now, the smart contract of this project removes the need for an agent. Thus, helping owners to sell off their properties faster.
ELGD is the native token that engineers transactions on the platform. Holders of this token will enjoy discounts when buying properties. They will enjoy other perks like free accommodation in luxury hotels, passive income from staking, and access to VIP features.
As of press time, the Everlodge token is available for just $0.029. Impressively, analysts predict a 30x rise in the token’s price by the time it launches on crypto exchanges. Therefore, now is a good time to buy ELDG.
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