There is excitement in the Bitcoin community as they celebrate the 11th anniversary of the first halving. Polygon hasn’t shared the same sentiment as an increase in exchange inflow has caused a price drop.
Bitcoin (BTC) Celebrates 11th Anniversary of its First Halving
According to Bitcoin news, the Bitcoin community celebrates the anniversary of the first Bitcoin halving. This halving occurred 11 years ago on November 28, 2012.
Since then, the Bitcoin value has soared to an all-time high of $69k in 2021 before it dropped to $37,000 in 2023. The first Bitcoin halving anniversary comes as the crypto community awaits the fourth Bitcoin halving.
Bitcoin supporters are particularly optimistic about Bitcoin’s price in 2024. This optimism is fueled by the belief that U.S. securities regulators might finally give the green light to a Bitcoin ETF. According to CoinMarketCap, Bitcoin is valued in the $37k range.
The coin is traded above the 50-day and 200-day SMAs, a bullish sign. Interestingly, Bitcoin cryptocurrency has recorded 17 green days out of 30 with 3.23% price volatility over the past month.
Polygon (MATIC) Price Drops As Inflow To Exchanges Increased
Polygon MATIC experienced a sudden increase in the amount being sent to trading platforms. This has increased selling pressure in the past week. According to data from Lookonchain, the troubled FTX exchange moved eight million MATIC tokens to the OKX exchange.
Additionally, two wallets that had received Polygon crypto from the Polygon Ecosystem Growth wallet address deposited 20 million MATIC tokens into Binance. This resulted in 28 million MATIC tokens being sent to trading platforms.
Consequently, the Polygon coin available on these exchanges increased from 7.99% to 9.05% between November 11 and 28. According to CoinMarketCap, Polygon crypto price dropped from a seven-day high of $0.791176 to a low of $0.729539
Everlodge (ELDG) Steals The Spotlight In The Crypto Space
Another crypto that has captured the interest of investors is Everlodge (ELDG). The exciting use within the real estate ecosystem is the reason for the interest in Everlodge.
The project has created the first marketplace for the trading of properties. The intention is to make real estate ownership more accessible to people with lower incomes. Because of this, you may start investing with as little as $100 in high-value homes.
Hey, Lodgers! 🏡
Do you know? 🤔
With $ELDG, enjoy the warmth of passive income, monthly surprises, and exclusive club access.
Plus, who can resist sweet discounts?Dive into a token that feels like home. 💙
Join the presale: https://t.co/kIufYkD05d#Presale pic.twitter.com/9yzt5hZhul
— Everlodge (@EverlodgeHQ) September 26, 2023
Using blockchain, Everlodge ensured that property details, including deeds and titles, were transparent. The properties are listed as NFTs on the marketplace and users can buy fractions of them for a price lower than what it would be to buy the whole property. Also, the project has ensured that these NFTs track the prices of the properties they represent.
While it has reduced the barrier of entry, it also aims to add liquidity to the platform. When NFTs are purchased, they can also be easily traded on any platform.
Thus, Everlodge could make real estate properties more liquid since they can be easily traded without any issues. The project recently entered the seventh stage of its presale where it trades at $0.025 per token.
Final Thoughts
Everlodge is linked to the $280 trillion real estate market. This gives the project more upside potential than both Bitcoin and Polygon. This makes now the best time to join Everlodge before its projected 20x price surge.