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The sudden downtrend in the cryptocurrency market has generated concern among Bitcoin holders. Fortunately, a crypto expert has provided a solution to the panic.
In other news, Everlodge, a new DeFi project, has integrated AI technology into its real estate platform. The goal is to assist traders in making the best selections possible when investing in real estate investments.
Bitcoin (BTC): Crypto Analyst Advised Traders To Stay Calm
A crypto analyst famous for his YouTube channel, CryptosRUs, recently called for calm after the Bitcoin (BTC) price drop. On December 11th, the Bitcoin value dropped from approximately $44,000 to $40,000. This marked a 10% decline within a short time frame.
BTC has since rebounded slightly to recover the $42,000 resistance. The expert highlighted several factors that contributed to the sudden price drop. One cause listed was the approaching meeting of major central banks to discuss monetary policies and interest rate hikes.
CryptosRUs explained that the downtrend was worsened by the liquidations of hundreds of millions of dollars in Bitcoin and other cryptocurrencies. These liquidations, according to the expert, created a “long squeeze.” The price of Bitcoin plummeted as a result of the sell-off.
He asked investors to keep their cool and think long-term. He pointed out that the price of Bitcoin has risen drastically over the last few weeks. The expert suggested that traders use a dollar cost-averaging technique. This would enable them to amass BTC amid price dips.
Everlodge (ELDG) Adopts AI Technology To Enhance Trading
Everlodge (ELDG) has incorporated advanced artificial intelligence (AI) technology into the real estate sector. The aim is to revolutionize how property values are monitored globally. This cutting-edge AI tool delivers real-time property valuation data tailored to different locations and timeframes. It also helps to identify undervalued markets and potential investment prospects.
This AI tool could have foreseen Dubai’s emergence as a real estate hotspot two years ago. Meanwhile, the real estate industry is worth over $280 trillion. Everlodge has committed to launching a digital marketplace to democratize access to this sector. This will enable more individuals to invest in real estate properties.
On Everlodge, individuals can acquire fractional ownership in real estate properties. These ownership fractions are represented by NFTs, which can be traded on the platform and other ERC-20 token markets. These property fractions can be resold, enhancing liquidity. Furthermore, all property information, such as title deeds and ownership details, is stored in smart contracts.
The platform’s native token, ELDG, is used for all transactions within the ecosystem. As a result, the token is an important aspect of Everlodge and a must-have for traders. The token is currently worth $0.027. Analysts expect that the price will rise to $0.029 in the coming week.
