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The upcoming Bitcoin (BTC) halving event has pushed the hash rate to new heights. Moreover, Ethereum (ETH) also saw an upswing in its value, and it could reach new heights by the end of 2023. Everlodge (ELDG) is nearing the end of Stage 6 of its presale, and analysts project massive growth for the crypto at launch. Today, we will go over each crypto’s on-chart data to see just how far they can rise.

Summary

● Bitcoin to spike as high as $37,299.27

● Ethereum to climb to $2,335.71 by the end of 2023

● Everlodge to spike 30x at launch

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Bitcoin (BTC) Can Climb to $37,299.27 by the End of 2023

Bitcoin (BTC) has its next halving event scheduled for 2024. The block reward currently is 6.25 BTC per block, and this would bring the reward down to 3.125 BTC. The purpose of this Bitcoin halving event is to control its inflation. Recently, the Bitcoin crypto hash rate has seen an upswing.

Following the first-ever 500H/s day on September 15, the network experienced a similar surge on November 4, at 521 EH/s, and November  5, with it reaching 514 EH/s. According to top market analyst CrediBULL Crypto, the Bitcoin price refused to drop the local invitation point, which was at $34,600.

Moreover, the analyst also noted how the market bulls helped sustain the midrange. In addition, the analyst projects that a new ride toward an all-time high point might not be too far away. As for the recent price performance, BTC traded between $34,174.57 and $35,752.94. According to the Bitcoin price prediction, it can surge to $37,299.27 by the end of 2023.

Ethereum
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Author: Crypto Daily

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