The anticipation surrounding Bitcoin ETFs has been building up for some time, with the potential to impact the cryptocurrency market. In fact, Bloomberg analysts are now 75% sure they will come this year. As the probability of a Bitcoin ETF approval rises, several cryptocurrencies like Hedera (HBAR), VeChain (VET), and Everlodge (ELDG) are being closely watched for their potential growth opportunities.
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Hedera (HBAR): Bridging the Gap Between Blockchain and Enterprise
Hedera (HBAR) has garnered attention for its enterprise-friendly approach to distributed ledger technology. Its innovative consensus mechanism offers high scalability, making it an attractive option for businesses leveraging blockchain technology.
In recent Hedera news, as per Token Unlock data, Hedera will hold its next token unlocking event on September 1. 1.5B Hedera coins, or 3.48% of the token’s circulating supply, will be unlocked during this event. The estimated value of the unlocked tokens is $65M.
As the acceptance of cryptocurrencies broadens with the introduction of ETFs, Hedera’s practical use cases could make it a favorable choice for enterprises seeking efficient solutions. Due to all these reasons, experts foresee the Hedera price sitting between $0.059 and $0.065 by December 2023.
VeChain (VET): Enabling Transparent Supply Chains
VeChain (VET) is carving a niche in the supply chain and logistics industry by providing real-time tracking and verification of products using blockchain technology.
Recently, VeChain formed a strategic alliance with EasyA, a community of over 500k developers supported by various venture capital firms. The learn-to-earn initiative by VeChain, known as 60DaysOfVechain, had set a target of 500 developers but has received over 3,500 applications.
With the potential influx of traditional investors through Bitcoin ETFs, VeChain’s ability to bring transparency and authenticity to supply chains could resonate more. Thus driving the VeChain crypto growth and appeal. As a result, market analysts predict that the VeChain price may reach $0.023 within Q4 of 2023.
Everlodge (ELDG): Innovating Real Estate Investments
Everlodge (ELDG) has gained attention for its disruptive approach to the real estate market. By leveraging blockchain technology, Everlodge offers solutions to challenges such as high upfront costs and lack of transparency.
For instance, Everlodge will allow any investor from all walks of life to become a fractional owner of a luxurious property on the blockchain for just $100. To clarify, it will build a property marketplace where Everlodge will digitize and mint villas, vacation homes, and hotels into NFTs. Not only that, these NFTs are then fractionalized – opening up the market to more individuals.
The Everlodge rewards club also empowers members to earn free nightly stays across many properties. You can also resell these nights on various booking platforms. Therefore, this creates a pathway for members to generate a passive income, further enhancing the appeal of the Everlodge ecosystem.
As Bitcoin ETFs introduce more investors to the cryptocurrency ecosystem, the appeal of ELDG may rise. Currently, ELDG is worth only $0.012 as it is in Stage 1 of its presale. But, experts predict a surge to $0.035 before its presale ends. With Stage 2 and a rise to $0.016 coming, countless individuals are buying this token before it’s too late.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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