Everlodge (ELDG)’s Decentralized Property Investment Model
Everlodge has come up with a solution to make the global real estate market accessible to more individuals. Through their decentralized property investment model, they have seen a 90% price increase during their presale event. Everlodge transforms properties into NFTs and fractionalizes them, allowing investors to secure stakes for as low as $100. As the property appreciates, so does each fractional piece, giving investors the opportunity to benefit from the real estate market without traditional barriers. Everlodge also serves as a hub for property developers to raise funds and for users to trade property-backed NFTs. With a current valuation of $0.019, analysts project significant growth during the presale phase and post-launch.
SEC’s Dance with Procrastination: Repeated Delays on Bitcoin (BTC) ETF Verdicts
The SEC has once again delayed its decision on Bitcoin exchange-traded funds (ETFs), including BlackRock’s proposal. This comes as concerns of a potential government shutdown loom. The recent wave of deferrals caught many applicants by surprise, as they were expecting feedback by October 19th. This marks the second round of postponements, with a third round approaching in mid-January. While there is a possibility of further delays, Eric Balchunas estimates a 95% chance of a Bitcoin ETF being approved by the end of 2024. Bitcoin’s value has faced obstacles and attempts at recovery since experiencing a drop in mid-August.
Tottenham Hotspur Joins Chiliz (CHZ)
Tottenham Hotspur plans to use blockchain technology to enhance supporter engagement and rewards by introducing its Web3 fan token facilitated through Socios.com and the Chiliz blockchain. Fans will have a say in decisions regarding the team, such as voting on which kit they wear. The SPURS tokens are set to launch on October 4 and will be available on cryptocurrency exchanges that accommodate Chiliz tokens. This partnership presents an opportunity for Tottenham Hotspur fans to get involved in the crypto world while supporting their favorite team. Fan tokens have become a significant revenue avenue, generating over $400 million for teams and leagues since 2018.
Hot Take: The Impact of Recent Cryptocurrency News
The recent news stories in the cryptocurrency world have had significant implications. Everlodge’s decentralized property investment model offers individuals access to the global real estate market and has experienced a surge in value during its presale event. The SEC’s repeated delays on Bitcoin ETF verdicts have caused uncertainty, but there is optimism for approval by the end of 2024. Tottenham Hotspur’s partnership with Chiliz demonstrates the increasing adoption of blockchain technology in sports and fan engagement. These developments highlight the continued growth and potential of cryptocurrencies in various industries.
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