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While Grayscale's latest maneuver towards a Bitcoin (BTC) ETF with the US SEC has ignited the crypto sphere, it's not just BTC holders anticipating a surge. The spotlight has shifted toward Polygon (MATIC) and Everlodge (ELDG) as potential game-changers. As the crypto market braces for greater institutional involvement, they stand to capitalize on this momentum.
Bitcoin (BTC): New ETF Development
Grayscale Investments has made significant strides in pursuing a spot in Bitcoin (BTC) ETF, recently revising its filing following strategic discussions with the SEC. The firm, well-known for its crypto funds, submitted an S-3 form on November 22, seeking to convert GBTC into a spot Bitcoin ETF.
Amidst these developments, the Bitcoin price has increased, recording 17 green days out of the last 30, with a modest 3.21% price volatility. Its value jumped from $36,530 on November 22 to $37,499 on November 23rd.
Analysts are optimistic with their Bitcoin price predictions. They forecast a potential surge to $50,959 by December 2023, signaling bullish sentiments around the cryptocurrency.
Polygon (MATIC): Lugano Embraces MATIC in Payment App Integration
Lugano, Switzerland, has made a significant stride in its crypto-friendly approach by integrating Polygon (MATIC) into its widely used MyLugano payment app. According to a Polygon blog post, this update will introduce a PoS system within the application, providing a dedicated section for users to access a multichain cryptocurrency wallet seamlessly.
This integration marks a substantial move toward mainstream crypto adoption, offering convenient access to Polygon's ecosystem. After this news, the Polygon price jumped from $0.75 on November 22 to $0.78 on November 23. Currently trading above its 21 and 50-day EMAs, Polygon's trajectory looks promising.
In their Polygon price predictions, analysts predict its price to soar to $0.89 before 2023 ends.
Everlodge (ELDG): An Upcoming Challenger to Bitcoin and Polygon
Everlodge (ELDG) emerges as a potential contender against Bitcoin and Polygon due to its innovative approach to the trillion-dollar real estate market. With a strong focus on NFTs and smart contracts, Everlodge will signify a new wave of practicality within this space.
Essentially, Everlodge establishes the first-of-its-kind property marketplace where real-world assets such as hotels, villas, and vacation homes will be digitized and minted into NFTs. Afterward, they are fractionalized. This means you may co-own one such property on the blockchain for prices as low as $100.
Smart contracts will also be a cornerstone of the Everlodge experience. These contracts automate tasks like rent distribution and handling maintenance responsibilities. This automation means you will no longer need to worry about tenant disputes.
Unlike Bitcoin and Polygon, Everlodge is in stage seven of its presale, costing only $0.025. Since it has a low market cap, fewer funds will be needed for its value to grow. Because of this, experts predict a 30x rally on its launch day after a Tier-1 CEX lists it. Those who buy it now will also participate in a luxury Maldives holiday giveaway.
For more information about Everlodge (ELDG) please visit their website.
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View source version on newsdirect.com: https://newsdirect.com/news/grayscales-new-bitcoin-btc-etf-move-major-surge-for-polygon-matic-and-everlodge-eldg-prices-expected-302729789
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COMTEX_444121267/2655/2023-11-28T05:20:16
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.
