Ever since BlackRock applied for their Bitcoin Spot ETF, the crypto market has been growing, with BTC hitting new highs. But how far can it go? Chainlink and Everlodge have seen market-beating returns as their tech promises to disrupt industry. Read on to find out more.
Bitcoin to Surpass its All Time High?
Approximately 2 years ago, Bitcoin reached $69k before the bear market began. This year, just in time for the Bitcoin ‘halvening’ in 2024, we are seeing another bull market. Blackrock’s Bitcoin Spot ETF filing was followed by other major players such as Greyscale, Fidelity, Ark Invest, Valkyrie, and VanEck.
These applications are expected to be approved, since Blackrock always gets its way, and the SEC are rapidly losing ground with their anti-crypto stance. The expected date for approvals is mid-January which means that Bitcoin could reach new highs by the end of 2023.
As Bitcoin has always surpassed its previous all time highs, it seems likely that this will happen again. VanEck predict that this will happen by Q4 2024, with the halving event being one of several catalysts.
Bitcoin is currently trading at $43,918.
Chainlink Grows by Over 300% After Embracing Real World Assets
Chainlink have transitioned from being simply an oracle of oracles, to an interoperability platform that will facilitate the adoption of the tokenization of RWAs (Real World Assets). This is possible because of their CCIP (Cross-Chain Interoperability Protocol) upgrade, which will allow Real World financial data to be safely shared across blockchains.
Since Chainlink announced this move back in June this year, the token price has more than trebled. According to a recent survey, 97% of asset managers believe that the tokenization of Real World assets is going to revolutionize asset management.
That makes sense in light of forecasts from the Boston Consulting Group, which indicate that the conversion of RWA into tokenized formats has the potential to grow into a $16 trillion sector by 2030.
Chainlink is currently trading at $16.81.
Everlodge Combines RWA and AI to Disrupt the Rental Property Market
Like Chainlink, Everlodge’s business model revolves around the tokenization of RWAs. And like Chainlink, Everloge has already beaten Bitcoin’s ROI, with a price appreciation of 170% since its presale began a few months ago.
Everlodge are offering retail investors the opportunity to invest in fractions of vacation property rentals that are tokenized on the blockchain. Not only does this reduce barriers such as lack of capital, geographical issues, or lack of knowledge surrounding property laws, but it also makes the whole thing hassle-free. Because Everlodge and their partners will manage the properties, find guests, and pay out the rent to holders.
Holders will also be able to trade their property shares on Everlodge’s upcoming marketplace, bringing fast liquidity and the ability to benefit from rising profits.
And there’s more. Recently, Everlodge have announced that they are integrating AI into their platform. AI will offer valuable insights into the global property market, such as identifying where rental properties are undervalued or overvalued. This means that even those who have little to no knowledge of rental markets can benefit from Everlodge’s unique value proposition.
Everlodge is still in presale, and the token is available at $0.027. The developers plan to launch it on Uniswap and other CEXes in 2024 for $0.035, at which point the token is expected to soar by upwards of 3000% percent.
Although there are many bullish predictions for Bitcoin’s price, there is no way that BTC, or even Chainlink, can see that kind of gain, due to their already large market capitalizations.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
