Speculation of a New Bull Run in 2024
The crypto community is buzzing with speculation about a potential bull run in 2024. Experts are making predictions for the year, and three projects that are getting a lot of attention are Toncoin, Ethereum, and Everlodge. These projects have already shown strong performance in Q4 and are expected to continue growing in the coming months.
Toncoin Analysis Reflects January Price Rally
Upon closer examination, Toncoin seems to be entering a correction phase after experiencing recent bullish momentum. While its value has increased by 65.5% over the last 6 months, it has decreased by 3.9% in the last week.
At the moment, Toncoin is trading at $2.19, down 0.62% in the past 24 hours. The daily trading volume has also dropped by 19.61%, indicating a loss of bullish momentum as Toncoin corrects its course.
Technical indicators suggest that Toncoin’s price has fallen below the 50-day EMA, supporting the analysis of a correction. However, most analysts remain bullish, considering this correction to be a short-term trend.
Forecasts suggest that Toncoin could reach as high as $2.60 by the end of January, with bearish predictions estimating a drop to $2.06. Nevertheless, experts are predominantly optimistic.
Potential Ethereum ETF Release in 2024?
A statement from Matthew McDermott, the head of digital assets at Goldman Sachs, has raised expectations for an Ethereum ETF release this year. McDermott suggests that if Bitcoin ETF applications are accepted, Ethereum could be the next in line.
Although this statement hasn’t had a significant impact on Ethereum’s price, it has excited ETH holders.
Currently, Ethereum’s value has declined by 5.40% in the last 7 days, with a trading price of $2,244. However, its daily trading volume remains substantial at $11.5 billion.
Eager Investors Embrace Everlodge Presale
Following its impressive performance in December, the Everlodge presale is attracting more investors. This new altcoin is gaining momentum due to its potential for strong returns, unique token holder benefits, and a game-changing real-world DeFi application.
Instead of paying full price for full ownership, Everlodge allows investors to fractionally invest in vacation rentals and generate passive income.
Everlodge mints properties as NFTs and fractionalizes them, reducing the initial investment required and streamlining the purchasing process. This makes it accessible to a wider range of investors, with a minimum investment of just $100.
The Everlodge marketplace offers holiday homes, luxury villas, and hotels. Investors can place an investment at any time and their NFT will contain all the necessary information about their assets. These NFTs can also be sold to other investors and will be available on third-party NFT marketplaces.
Holders of Everlodge tokens receive benefits within the ecosystem, including lower NFT prices, staking bonuses, and free stays at Everlodge properties. Experts are bullish about the altcoin, citing potential returns of 280% during the presale.
Hot Take: Crypto Community Awaits Potential 2024 Bull Run
As speculation about a new bull run in 2024 intensifies, investors are eagerly awaiting notable projects like Toncoin, Ethereum, and Everlodge. These projects have already gained attention for their performance and are expected to experience further growth.
Toncoin’s correction phase, Ethereum’s potential entry into the ETF market, and the Everlodge presale have captivated the crypto community. The coming months hold promise for significant returns and exciting developments in the crypto space.
By
By
By
By
By