The uncertainty in the crypto market continues to trade in a range. The recent price movement of Optimism clearly highlights this trend. As the range market continues, crypto experts have given their predictions for the OP token. Meanwhile, the Litecoin network has set a new milestone while Everlodge records a surge of investors.
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Optimism Price Prediction
Like the rest of the crypto market, the Optimism crypto token has been moving up and down. In the last six weeks, the price of Optimism has hovered between $1.17 and $1.45. For long-term investors, this is nothing unusual. Short-term traders who recently joined might find these fluctuations unsettling.
Crypto experts have highlighted that the ranging market will be followed by a major price outbreak. Also, the Optimism price has held the $1.20 support, which could be a good sign. If the momentum continues, the price of the OP token could aim for the $1.36 barrier – the 50-day Exponential Moving Average.
A break above the 50-day EMA could signal the beginning of a market rally for Optimism. Breaking through that would potentially push the price of Optimism above $1.50. On the flip side, a break below $1.20 could see OP drop as low as $1.00.
Litecoin (LTC) Sets a New Milestone
So far, 2023 has been a good year for Litecoin. Although the third network halving has failed to produce the desired results, the Litecoin network has hit a big milestone. According to the team, the blockchain has now processed over 180 million total transactions.
This news was shared by the Litecoin Foundation. What’s more, 2023 has been a record year so far, with 51 million transactions as of October. This has already surpassed the 39 million transactions recorded in 2022. In addition, the price of Litecoin has been on the rise.
The LTC coin rallied as high as $115 in July before facing declines. As a result, Litecoin has dropped to a low of $62.3 in October. Despite its current outlook, crypto analysts still remain bullish about Litecoin. They have predicted that LTC could rally to $85 before the end of the year.
Everlodge Sees a New Wave of Investors
Everlodge (ELDG) is becoming a popular name in the crypto industry because of its unique approach to real estate investment. This project introduced a unique co-ownership model for luxury vacation properties. The aim of the project is to make vacation properties available to everyone.
The cost of co-owning a traditional vacation property often starts at $20,000. However, Everlodge will allow individuals to own them for as little as $100. The platform uses non-fungible tokens (NFTs) created to represent hotels, vacation homes, and luxury villas. Not only will they represent these properties, they will also track their prices.
Using fractionalization, these asset-backed properties will be divided into smaller stakes, starting at $100. This will make them accessible to small investors. Each NFT will represent a share of the property. Also, the Everlodge team will collaborate with well-known hotel chains and luxury property developers to get these properties.
The unique model of Everlodge will make the vacation rental sector, formerly dominated by big investors, accessible to every investor. As a result, the project has seen a wave of investors. In the ongoing presale stage 5, the ELDG token is available at a price of only $0.02. However, crypto analysts have projected a rally to $0.40 before the year ends.
