Polkadot firm, dYdX launches on Cosmos while Everlodge investors are bullish
The crypto market rallied in “Uptober” as Bitcoin (BTC) soared as high as $35k. Altcoins like Polkadot (DOT) and Cosmos (ATOM) followed, seeing gains on the weekly chart. On the other hand, analysts are bullish on Everlodge (ELDG).
Polkadot rises 4.33%
Polkadot released around 99 million DOT into circulation on Oct. 24.
Despite this, DOT remains relatively firm partly because of the “Uptober” altcoin market rally.
Overall, in October, prices were firm. As of Oct. 30, DOT rose 4.33% and 5.32% on the weekly and monthly charts, respectively, reaching $4.32. However, DOT failed to cross the $5 mark despite the rally.
Despite Polkadot 2.0 plans, it remains to be seen how this will impact DOT prices. The coin has weathered several bear cycles in the past.
The United States Securities and Exchange Commission (SEC) has not classified DOT as an unregistered security; this may support the coin in the long term.
dydX alpha mainnet launches on Cosmos
On Oct.26, dYdX version 4 launched its “alpha mainnet,” unveiling its standalone Cosmos-based blockchain.
With a cumulative trading volume of $1 trillion, this marks a significant shift for the decentralized derivatives platform and a positive development for the Cosmos network.
Although ATOM prices dropped to a 2023 low of $6.19 on Oct. 19, it has since recovered to $7.56 as of Oct. 30. Still, analysts remain bullish, projecting the coin to reach $8.34 by the end of 2023.
Everlodge presale ongoing, early adopters in profit
Everlodge aims to create an affordable and easy-to-use marketplace for real estate.
It is linked to the $280 trillion real estate market and has a low market capitalization.
Unlike popular platforms like Polkadot and Cosmos, analysts believe Everlodge is at the beginning of a bull run.
To improve security, Everlodge uses smart contracts to store property details. For sellability and accessibility, luxury properties are fractionalized into smaller, tradable non-fungible tokens (NFTs). This allows anyone, whether poor or rich, to invest in valuable properties with at least $100. Already, early adopters are in profit.
ELDG, the platform’s native token, is available for $0.023 in the ongoing presale. However, supporters expect the token to extend gains by December, driven mainly by the project’s features.
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