Big investment bank Morgan Stanley just revealed that the upcoming Bitcoin (BTC) halving is likely to trigger a new bull market in 2024.
This means that the price of Bitcoin could rise significantly, and other altcoins as well. Altcoins that could benefit from this rally include Shiba Inu, BNB, and Everlodge.
Everlodge is the first web3 marketplace for real estate transactions.
Shiha Inu and BNB cryptocurrencies are not the only tokens that could benefit from Bitcoin halving. One of the new tokens that analysts believe will see more gains in 2024 is the Everlodge token, ELDG. why? You might ask. The global tourism industry has been growing since the end of the COVID-19 lockdown.
Because real estate investing requires a significant amount of capital upfront, only a few wealthy individuals have joined the industry. Everlodge is committed to helping make real estate investing simpler. They leveraged blockchain technology to turn real estate into NFTs, which can be divided into smaller pieces.
As you know, anyone can purchase this NFT for just $100. Additionally, the value of these NFTs increases as the asset value increases. Additionally, these NFTs have more value than regular NFTs. During this period, the value of the token, ELDG, soared more than 100% from $0.01 to $0.23.
The price of Everology is expected to continue to rise as pre-sales progress.
For more information about the Everlodge (ELDG) presale, visit their website or join the community here.
Shiba Inu moves toward autonomous asset storage
The Shiba Inu (SHIB) team is developing new features that will allow SHIB coin holders to manage their identity. Shiba Inu developer Kaaldhairya mentioned this news in a comment on October 28. He talked about a digital ID system for SHIB coin holders.
Meanwhile, Shiba Inu developers have not shared all the details yet. But they’re counting down the 72 hours until the big reveal on October 31st. This new feature, called Self-Sovereign Identity (SSI), is expected to further decentralize SHIB and make the Shiba Inu ecosystem more robust.
This will also attract more investors and affect the price of Shiba Inu in the long run. The Shiba Inu coin price crossed the $0.00000803 level in October. Analysts have pointed out that the value of Shiba Inu will rise to $0.00003360 in 2024.
BNBChain launches multi-signature wallet service
BNBChain has launched a new wallet service called BNB SafeWallet. This wallet uses the Gnosis Safe protocol and works on both Binance Smart Chain and opBNB. According to BNBChain’s blog post, this launch is a big step in making the BSC network more secure.
Moreover, the BNBChain Safe multi-signature wallet service provides users with a safe place to store their digital assets. Binance Coin, the native token of BNBChain, has recently seen huge gains. It went out of the consolidation phase and increased to $229.25 on October 30th.
Currently, analysts have taken a look at the BNB token. They predicted that the Bitcoin halving event would cause the BNB price to surge to $310 in 2024. Given the optimistic forecasts, investors are now looking for places to buy BNB.