A New Crypto Dawn: Everlodge (ELDG) Presale Outperforms as Bitcoin (BTC) and Ethereum (ETH) Titans Watch Closely

As Bitcoin (BTC) and Ethereum (ETH) make higher highs on the back of institutional interest, Everlodge (ELDG) is attracting attention due to its potential to transform the trillion-dollar real estate industry. The new entrant has surged by 170% during the presale event, but analysts predict this could be the beginning of a massive price rally. Let’s take a closer look.

Will Bitcoin (BTC) ETF Approval Be a Sell the News Event?

Bitcoin is leading this year as it breaks through major resistances and reaches prices not seen since April 2022. While the Bitcoin halving is certainly in investors’ minds, the potential for a spot BTC ETF is also a major factor behind this rally.

There is a growing belief that these ETFs will be approved in early January, which has caused the Bitcoin price to rally into the end of 2024. However, there is a concern that the ETF announcement could be a sell-the-news event and trigger a short-term correction to $35,000. There’s also an outside chance that the applications could be declined outright.

The long-term effects of the ETF on Bitcoin price are unknown, but if approved, it could bring in trillions of dollars from institutional investors. This could push the price of Bitcoin up beyond $100,000 and provide more stability to the market.

But what about the opportunity cost? While 100% gains are great for the traditional finance sector, Everlodge has gained 170% within months and looks set to continue its upward trajectory. Bitcoin profits are starting to flow into Everlodge, and this could be a sign of things to come.

Will Ethereum (ETH) Hit $10,000 In 2024?

Ethereum may also be getting its own ETF soon, although the exact timeline is unclear. This news saw the Ethereum price pump 10% within one day. However, Ethereum has been one of the worst-performing top cryptocurrencies all year and is struggling to break past the $2,400 resistance.

The rise of alternative layer-1 platforms is perhaps the top reason for this. While it costs around $50 to do a swap on an Ethereum DEX, it costs fractions of a cent to do the same on a Solana DEX. This has seen Ethereum fall behind Solana in total DEX volume for the first time in history.

One saving grace could be the upcoming danksharding upgrade called EIP-4844. This upgrade is designed to significantly reduce gas fees and in

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Author: BeInCrypto Team

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