As the whole market is doing very well, we see many established names breaking records. But which names are silently flying under the radar?
Litecoin (LTC): A Late Bloomer
Litecoin’s price remained fairly unchanged for the last year. In the last 24 hours, Litecoin gained 0.93%. During the last week, LTC lost only 0.69%. LTC was 0.59% negative during the last month, and even the 1-year period marks only a 7.09% loss.
We can see it has been very stable even during this bull market, and Litecoin didn’t manage to follow the growth of other coins. However, there are many reasons to expect it to follow up soon.
For one, the MimbleWimble Extension Block has increased privacy and scalability. As Litecoin attracts privacy-oriented users, it has no problems scaling up. The adoption of the LTC-20 token standard is attracting new interest. Even though it’s still experimental, creating fungible tokens on the Litecoin network is now a reality.
Moreover, Litecoin is the most commonly used crypto on BitPay. On the platform, Litecoin achieved more transactions than Bitcoin itself! This is likely due to faster block generation (faster confirmations) and lower transaction fees.
Litecoin also reached an all-time high in the number of active addresses. LTC recorded 1.4 million active addresses on December 8! This is more than Bitcoin! Bitcoin had around 500,000 at the time.
Finally, a 40% increase in wallets holding Litecoin is another reason to expect LTC to follow up its traditionally late blooming during bull markets.
Binance (BNB) Is Forming a Head-and-Shoulders Pattern
During the last day, BNB fell 1.24% while reporting a weekly gain of 9.53%. The token is in a similar position to Litecoin, only gaining 1.92% last month and losing 8.93% from last year.
BNB’s price also didn’t catch up with the bull market. However, Binance taking the 4 billion plea deal might push away that overhang.
Still, BNB might get a boost from the roadmap for its Greenfield decentralized data storage system. This development is supposed to increase its upload and download speeds by 500%. It’s also supposed to eliminate bottlenecks in big blocks and provide compatibility with Web2 and Web3 standards.
Finally, BNB’s volume and social dominance indicate a coming bullish breakout. Specifically, the token has been forming a head-and-shoulders pattern. Technicals suggest that, if it reaches and stays above $261, it could go up to $310.
Everlodge (ELDG) Is Tokenizing Real Estate
Everlodge is putting the real property on the blockchain. Real estate is minted into NFTs and fractionalized so it’s more accessible. Users can purchase a fraction of real property and earn passive income which the property generates. The income is proportional to the percentage of the property you own. Users can also earn free nightly stays across all properties in the ecosystem.
🔥 It’s official!
Stage 8 is now LIVE at a $0.027!🚀 Get in on the action and don’t miss this red-hot opportunity!
💰 Plus, enjoy an exclusive 10% deposit bonus TODAY! 💎📈 Let’s make some serious gains!
#Crypto #RWA pic.twitter.com/DKzxKTHGay
— Everlodge (@EverlodgeHQ) December 11, 2023
This project is poised to tap the growing hospitality industry, which is worth almost 4.5 trillion. What is more, the real estate market is at almost 300 trillion! With markets such as these, Everlodge certainly has room to expand. A very interesting option is using your property-backed NFT to obtain loans which might connect Everlodge with names such as AAVE and Compound.
These factors are why analysts expect a 280% rise during presale and a 30x at the launch date. To learn more about this exciting project, visit the Everlodge website.
