Cardano Staking Reaches $8 Billion
Cardano staking is gaining momentum, with over $8.16 billion worth of ADA currently staked, representing 63% of the coin’s circulating supply. This surge has boosted ADA’s market cap to $11.83 billion and increased its trading volume by 103%, signaling growing interest and trust in the platform. As of Nov. 9, Cardano was trading at $0.368306, up 19.95% over the past week. Analyst Dan Gambardello is bullish on ADA, forecasting its market cap to rally to $400 billion.
Bitcoin’s Potential Rally to $49,000
CryptoKaleo, a technical analyst, has set a target of $49,000 for Bitcoin based on current price movement, which he believes is similar to December 2020 before the rally in 2021. However, this forecast depends on the U.S. Securities and Exchange Commission (SEC) approving spot Bitcoin Exchange Traded-Fund (ETFs), which experts believe is likely to happen between Nov. 9 and Nov. 17. According to CoinMarketCap, Bitcoin is trading at $36,954, up 4.5% in the past week.
Everlodge’s Potential Growth on Spot Bitcoin ETF Launch
Analysts predict Everlodge (ELDG) may benefit from a spot Bitcoin ETF launch. Everlodge is an upcoming blockchain marketplace where users can own, buy, or sell real estate properties as non-fungible tokens (NFTs). The platform also features a rewards club, marketplace, launchpad, and lending platform. Currently available for $0.023 in the ongoing presale, ELDG’s native token is expected to see further gains going forward.
Hot Take: Navigating Cryptocurrency Investments
If you’re considering investing in cryptocurrencies like Cardano (ADA), Bitcoin (BTC), or Everlodge (ELDG), it’s important to stay informed about market trends and expert forecasts that may influence your investment decisions. With potential rallies and developments on the horizon, carefully monitoring these assets can help you make informed decisions about when and how to invest in these cryptocurrencies.
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