The cryptocurrency market is filled with anticipation and excitement as the community prepares for the next Bitcoin (BTC) halving event.
While the flagship cryptocurrency continues to set the tone for the market, other tokens like Shiba Inu (SHIB) and Everlodge (ELDG) are also ready to join the party.
In this article, we will look at what could be driving Bitcoin toward its potential $50,000 target before halving and how this upward momentum could positively impact SHIB and ELDG.
Bitcoin (BTC) is preparing for a spectacular surge
Bitcoin (BTC) is no stranger to price surges. Recently, renowned cryptocurrency analyst Michaël van de Poppe raised the following expectations: proposal Bitcoin could skyrocket to $50,000 before the next halving.
This optimism is fueled by bullish indicators, including increased network activity for Bitcoin. Specifically, on November 4th, over 700,000 new addresses joined the Bitcoin network. reported Written by cryptocurrency analyst Ali Martinez.
Additionally, the Bitcoin price reached $35,902 on November 2nd. This is a level not seen since May 2022. The next Bitcoin halving event, which will occur in April 2024, has historically been associated with significant price surges, which further contributes to positive sentiment for Bitcoin. Crypto space.
Shiba Inu (SHIB) riding on its fur tail
When Bitcoin’s price surges, it tends to spark positive sentiment across the entire cryptocurrency market, including Shiba Inu (SHIB). A rise in the price of Bitcoin could push Shiba Inu to higher levels as investors look for opportunities beyond the leading cryptocurrency.
In recent Shiba Inu news, this project exposed “Sip Magazine.” The magazine demonstrates the project’s commitment to expanding its presence and providing valuable content to the community by providing insights into finance and beyond.
For all these reasons, experts predict that Shiba Inu coin prices could experience a significant rise. They expect its value to reach $0.00001620 before the BTC halving in the second quarter of 2024.
Everlodge (ELDG): A hidden gem worth seeing.
Everlodge (ELDG) will be a unique blockchain-based project that will revolutionize the real estate market. With its innovative approach to real estate ownership and passive income generation, ELDG has the potential to attract a wide range of investors. As the price of Bitcoin surges, increased interest in the market could increase visibility for hidden gems like ELDG.
The upcoming real estate market will allow investors to access the global real estate market (worth over $280 trillion) by digitizing and issuing real estate as NFTs and then splitting them. As the value of these assets increases, the NFTs associated with them also increase in value, providing users with the opportunity to profit from rising asset values.
Additionally, Everlodge’s Rewards Club offers an additional avenue for passive income. Similar to a timeshare contract, members can earn free nights across the platform and resell these nights to create an ongoing passive income stream.
However, the club is only accessible to ELDG native token holders. In pre-sale phase 6, one ELDG token costs just $0.023. However, with millions of tokens already sold, demand is high. Additionally, unlike Bitcoin and Shiba Inu, ELDG has a lower market capitalization, so it will surge faster. Therefore, experts expect it to rise to $0.038 before the pre-sale ends.
To learn more about the Everlodge (ELDG) presale, visit their website here.