The cryptocurrency market has been buzzing with activity, thanks to Bitcoin’s recent bull run. This has led to a surge in the value of many projects, with Bitcoin reaching its highest price in 2023. The latest consolidation has further boosted the prices of Injective and Everlodge. Everlodge, in particular, has reached a new all-time high after the seventh stage of its presale sold out. Meanwhile, Injective is on the verge of setting a new record, leaving investors eager to see how high it can go.
Is 2024 the Year for Bitcoin’s Next Record High?
Bitcoin crossed the $43,000 mark following the announcement of a potential U.S. spot Bitcoin exchange-traded fund (ETF) by BlackRock’s asset manager. The firm has now changed its policy to allow Bitcoin redemptions. Although the SEC’s decision on spot ETFs is due in January, the crypto market remains hopeful.
Before this announcement, some crypto experts had predicted that Bitcoin could drop below $40,000 by year-end. However, Bitcoin’s value has risen by 2.83% over the past week, with one BTC trading at $42,948. If Bitcoin crosses $43,000 again in 2023, experts believe it could reach $45,000 in January and possibly exceed $50,000 in Q1 of 2024.
Injective’s Remarkable 2,700% Growth in 2023
Injective set a new all-time high of $39.88 on December 19th, leading to a 99% increase in its daily trading volume, which has surpassed $585 million. This new high comes after a 50% price rally over the past week, making Injective one of the best-performing cryptocurrencies in December.
This surge is attributed to an increase in trading volume for INJ perpetual futures contracts, which exceeded $25.5 billion in a single day. With Injective now listed on several exchanges, it has become more accessible. As Injective continues to gain popularity, experts predict it could break into the top 20 cryptocurrencies in the next quarter.
Everlodge Thrives Amidst Cryptocurrency Bull Run
Bitcoin’s recent consolidation has significantly benefited Everlodge. This new DeFi project has been a huge success, selling out seven presale rounds in just a few months. Everlodge is expected to offer excellent returns in Q1, thanks to its unique passive income opportunities.
Everlodge, the world’s first DeFi marketplace for travel properties, allows everyday investors to buy equity in travel properties like villas, holiday homes, and hotels. Investors purchase fractions of NFTs representing property ownership and enjoy all the benefits of owning property, including rental income and price appreciation.
In addition to its property marketplace, Everlodge also allows investors to invest in new property developments, which are expected to offer significant returns. This could be a great way for investors to expand their portfolios.
Everlodge uses ELDG as its native token for transactions on its site. Token holders also get free stays at properties, working like a timeshare and giving investors another reason to hold onto ELDG tokens.
Tokens are currently priced at $0.027 per ELDG and will increase to $0.029 once the eighth stage of the Everlodge presale sells out. Experts believe the project could see additional price increases of up to 35x upon launch, making ELDG’s current value a steal.
