Recent developments in the Ripple lawsuit have raised excitement in the crypto community. While the industry awaits an official response from the authorities, the price of XRP has been on the rise. In other news, Shiba Inu (SHIB) has gotten a major boost from Shibarium, while investors have been diversifying into Everlodge (ELDG) due to its massive potential.
Summary:
- Unification will launch a Shibarium validator node soon, boosting confidence in Shiba Inu
- With the recent Grayscale victory, experts experts a key ruling to go in Ripple’s favor
- Everlodge has been gaining popularity over its new ownership model in real estate
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Shiba Inu (SHIB) Gets Major Boost From Shibarium
After a week of launch, the mainnet bridge of the Shiba Inu layer 2 network, Shibarium, is now fully functional. Just days after this announcement, Shiba Inu has gotten a major boost from Unification, one of the major builders of the Shibarium network.
According to the announcement, Unification will open and run a validator node, creating room for an expansion in the Shiba Inu coin. The price of Shiba Inu has reacted positively to the news, increasing by 5% to reclaim the $0.000008200 resistance.
With the Shiba Inu ecosystem development picking up pace, crypto experts are now more bullish about the token. Now trading at $0.000008252, the Shiba Inu price has been forecasted to trade above the $0.00001500 level in the coming weeks.
XRP Awaits Key Ruling in Ripple Lawsuit
The Ripple Labs’ victory over the SEC in July sent the crypto market into delirium. However, it was halted as the regulator filed an appeal in the Ripple Lawsuit. The crypto community is now hopeful after Grayscale scored another major victory over the SEC.
According to crypto experts, the decision on the appeal filed by the SEC will have a major impact on the crypto industry. Already the XRP chart along with the rest of the crypto market. The XRP coin has jumped by more than 5% to trade above the $0.5300 level.
However, the decision which will be reached in the coming weeks could greatly affect the price of XRP. If the decision is positive, many crypto experts believe the XRP price could rally above the $1 mark in 2023.
Investors Diversify Into Everlodge Over Massive Gains
Everlodge (ELDG) has been a standout performer even in the bullish crypto market, attracting many investors. Investors have been flocking into the Everlodge presale due to its unique model as one of the first blockchain marketplaces for the real estate industry.
The project appeals to investors as it seeks to disrupt the traditional real estate industry by introducing fractional ownership through property-backed NFTs. This new marketplace will digitize and mint vacation homes, luxury villas, and hotels into NFTs.
These NFTs will be backed by physical properties and will be fractionalized allowing investors with as little as $100 to co-own them. To ensure the safety and sustainability of the marketplace, the team will lock its liquidity for eight years and freeze tokens allocated to members.
With its low barrier to entry, crypto experts have predicted that hundreds of thousands of new investors could enter real estate investment through Everlodge. With this prospect, its utility token, ELDG, has been forecasted to rally from its current price of $0.012 to as high as $1 this year.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
