Polkadot, Cosmos, and Everlodge: key crypto players set for growth in 2024
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Cosmos’s IBC protocol expands, Polkadot is set to undergo network upgrades, and Everlodge expects to disrupt the $280 trillion market.
Polkadot (DOT) recently saw an upswing in value, leading many traders to follow this upward momentum and diversify their holdings. In addition, Cosmos (AOTM) recently expanded its Interchain and introduced the IBC Protocol. Alongside this, Everlode (ELGD) is gaining massive momentum with its cryptocurrency ICO and can reach new heights in 2024.
Polkadot (DOT) to undergo network upgrades. Is $12 possible?
Polkadot (DOT) recently saw the release of their Daily Digest, published on Dec. 12. In it, they went over how a new proposal for the Decentralized Polkadot Social Media was posted on the forum. Ferefendum 335, proposing a new auction schedule for 2024 for the network, is passing with 98.1% in favor as well.
Another proposal to open an HRMP channel between Asset Hub and Polimec is passing with 99.4% in favor. There are also 64 referenda up for voting on the Polkadot OpenGov.
The ecosystem is expanding, and the network is consistently undergoing developments. As for its price, the DOT crypto traded between $6.10 and $7.59 during the past week. The total price upswing was by 32.7% during the past month, and according to the Polkadot price prediction, it can reach $12 by the end of 2024.
Cosmos (ATOM) expands as over 100 chains are IBC-enabled. Will price reach $18.48?
Cosmos (ATOM) is also rapidly expanding. The Inter-Blockchain Communication (IBC) protocol has secured $30 billion in annual asset transfers for over 100 chains. Now, the team has introduced the IBC Protocol, which is dedicated to the growth of developers and research audiences.
Over 100 chains are IBC-enabled, and the growth is amplified by the trend of EVM migration in favor of the Interchain Stack.
During the past week, the Cosmos crypto saw an upswing from $9.60 to $11.88. In addition, the Cosmos market cap is now at $3,333,016,737, making it the 26th largest crypto.
During the past month, the ATOM crypto’s total price upswing was 22%. According to Cosmos price prediction, it can surge to $18.48 by the end of 2024.
Everlodge (ELDG) to disrupt $280t market with AI and blockchain technology
Everlodge (ELDG) is an upcoming real estate marketplace that can affect the way how people invest in the real estate sector by combining blockchain technology with AI tools. Traditionally, accessing these properties was difficult, as investors needed millions in upfront capital. However, with Everlodge, this can change as properties will be minted as NFTs and then fractionalized into smaller pieces worth just $100 each.
This way, anyone can diversify their holdings. Holders of fractions retain all of the benefits of property ownership, such as value appreciation and passive income from rentals.
There is an AI tool that scans global property prices in all territories. The tool can be used as a predictor for undervalued markets and help traders make the most efficient diversification strategies. As a result, it’s seen as one of the promising new DeFi projects.
For more information about the ongoing Everlodge (ELDG) presale, visit the website.
Everlodge price prediction
Aside from Polkadot and Cosmos expanding, Everlodge can make significant strides in 2024, as it’s poised for growth. During Stage 8 of the presale, ELDG is offered at $0.027.
At launch, analysts are projecting an upswing of 2,500%, especially following its listing on major Tier-1 exchanges, leading to much attention in its crypto ICO.
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