The Basel Committee on Banking Supervision (BCBS) has reported that banks have been stacking the Ripple coin ahead of the bull market. In other news, a top crypto analyst has weighed in on a potential recovery for Celestia while a new altcoin has been picked as the dark horse for the crypto market.
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Banks Across the Globe Have Been Stacking the Ripple Coin, XRP
BCBS, in its latest report, highlighted Ripple as one of the favorite coins being added to the portfolio of top banks from around the world. According to the report, 19 leading banks from Europe, Europe, and other regions have collectively invested €9.4 in crypto.
The report stated that the Ripple crypto made up 2% of the total exposure. BCBS stated that banks have invested €188 million or $205 million in XRP. This made Ripple the third-largest altcoin held by top banks.
Institutional investors have been keen on Ripple because of its utility in cross-border transactions. As this adoption grows analysts have predicted an increase in the price of Ripple. The crypto analyst, Egrag crypto, shared an analysis where he explained why his Ripple price prediction puts XRP at $3 in the next bull market.
Can Celestia (TIA) Pull a Recovery With the Lumoz Launch in Sight
The Celestia crypto became popular in 2022 after it unveiled a modular blockchain network. The Celestia blockchain allowed developers to build and maintain their private blockchain infrastructure on the network.
Only launched in October, the TIA coin quickly became one of the breakout cryptos of 2023. Since then, the price of the Celestia coin has increased by more than 160%. However, the Celestia coin price has tumbled by almost 40% since setting an ATH above $7.40.
A crypto analyst has explained that TIA is only undergoing a pullback after the massive rally. A recent update has added to the bullish sentiment of Celestia. Lumoz recently announced that it will launch a revolutionary ZK-Rolluop system, StableNet, on the Celestia DA soon. This could foster more increases in the price of TIA.
Everlodge Elected the Darkhorse of the Crypto Bull Market
Every crypto bull market has produced a dark horse that outperforms every other crypto. Many market experts have hinted that Everlodge (ELDG) could easily become the dark horse of this crypto bull market. The reason is that the project was created to bring significant changes to traditional real estate investment.
The project has built a blockchain property marketplace to bridge the gap between the real estate sector and cryptocurrency. On the marketplace, hotels, vacation homes, and luxury villas will be digitalized and listed as NFTs. Contained within each NFT will be the ownership details and titles of the actual property it represents.
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The key change Everlodge has made to traditional real estate investment is achieved using fractionalization. Each NFT will be broken down into smaller fractions, with each priced at $100 and representing a share of the actual property. Through this, Everlodge is giving users access to the real estate market which is worth over $280 trillion.
The valuation of the real estate market is several times that of crypto, giving Everlodge massive room for growth. As such, analysts have forecasted up to a 3,000% price increase in the coming months. For now, investors have a great chance to stack up the ELDG token now it is valued at only $0.025.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge