Analyst backs Cardano amid ongoing bullish momentum for Bitcoin and Everlodge
Ali Martinez expresses optimism about the future of Cardano (ADA), attributing its potential growth to increasing demand. Bitcoin (BTC) has stabilized around the $37,000 level, with analyst remaining bullish. Everlodge (ELDG) is also gaining attention for its potential to disrupt the real estate market.
Summary
- Cardano might reach $0.4413 by year’s 2023
- Bitcoin bulls target $42,000
- Everlodge supporters expect more growth
Cardano may rally above $0.4413
According to crypto analyst Ali Martinez, Cardano might rally in the near future based on positive network adoption signals and rising momentum.
Martinez highlighted data showing that approximately 166,470 new Cardano wallets acquired nearly 5 billion ADA when prices ranged between $0.37 and $0.38. This suggests strong investor interest at these levels.
So far in November, ADA is up 27%, leading Martinez to forecast potential continuation up to $0.4413 before year’s end.
His analysis suggests that ADA might break above the $0.40 resistance if buying pressure continues.
Bitcoin bulls targeting $42,000
Bitcoin remains firm, with analysts expecting the broader crypto market to recover steadily in the coming sessions.
While prices stagnate, some analysts warn that if Bitcoin breaks below $37,000, it might drop to as low as $35,000 or $34,000.Â
Some experts forecast BTC to reach $42,473.31 by the end of Q4 in 2023.
Everlodge to reshape real estate with fractional NFTs
Everlodge aims to democratize real estate investment, making it accessible to anyone.
Unlike traditional real estate investments that often require millions of dollars, Everlodge allows users to own fractionalized portions of luxury properties, starting from as low as $100.
The platform achieves this by minting properties as NFTs and fractionalizing them into smaller units. For instance, a luxury property in Miami could be divided into 80,000 NFTs, each valued at $100. This approach breaks down the barriers to entry, allowing a wider pool of investors to participate in the real estate market.
Everlodge also features a property Launchpad, where real estate developers can seek funding from the community. Community members gain early access to promising real estate projects in exchange for their support.
As the value of the underlying properties appreciates, the corresponding NFTs also gain in value. Additionally, fractionalized NFTs can be rented out, giving holders passive income opportunities.
ELDG, the platform’s currency, is available for $0.025 in stage seven of its presale.
Analysts expect more growth for ELDG once the token lists on leading exchanges.
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