10.8 C
Friday, September 29, 2023

Will SEC Approval of ETFs Impact Dogecoin (DOGE), XRP (XRP) and Everlodge (ELDG)?

Must read

Dogecoin (DOGE), XRP (XRP), and Everlodge (ELDG) – are three cryptocurrencies that have been making headlines recently. With JPMorgan’s claim that the SEC could be forced to approve ETFs soon, how will this event impact them? Keep reading to find the answer to that question and view some price predictions.

Dogecoin (DOGE): The Meme Coin on the Move

As one of the most recognizable meme coins, Dogecoin (DOGE) could experience increased interest if crypto ETFs receive SEC approval. Investors seeking a lighthearted entry point into the crypto space may turn to Dogecoin, especially given its widespread recognition.

In recent Dogecoin news, Elon Musk’s connection with the meme coin king will likely come into new light in a new biography released later this month. The biography will expose that Musk has been covertly funding the creation of Dogecoin, the Wall Street Journal said.

However, experts remain bullish for the Dogecoin value as they predict it may reach $0.098 by December 2023.

XRP (XRP): A Ripple of Potential

XRP (XRP), the native cryptocurrency of Ripple, could also benefit from the approval of crypto ETFs. Ripple’s ongoing legal battle with the SEC has created uncertainty around XRP’s regulatory status. The approval of ETFs could boost confidence in XRP investors and potentially lead to renewed interest.

With a seven-month high in on-chain transactions, the XRP coin has lately seen considerable gains in usage. These numbers indicate increased activity and involvement within the XRP ecosystem, which might lead to higher demand.

Due to all these reasons, market analysts predict that the XRP price could sit between the $0.73 and $0.79 levels within Q4 of 2023.

Everlodge (ELDG): Bridging Real Estate and Crypto

Everlodge (ELDG) presents a unique case within the context of crypto ETFs. As a platform that fractionalizes real estate, Everlodge bridges traditional assets and the crypto space. If crypto ETFs gain approval, investors looking to diversify their portfolios with real estate exposure could find Everlodge’s offerings appealing.

To clarify, this project is building a property marketplace where anyone can become a fractional owner of a luxurious property on the blockchain. It accomplishes this by digitizing and minting hotels or vacation homes into NFTs. Not only that, these NFTs are then fractionalized. Thus, even small-scale investors can enter the $280T real estate market for prices as low as $100.

Furthermore, the real estate market is notorious for its lack of transparency. However, Everlodge changes this by storing all titles, deeds, and ownership details in the smart contract metadata. As a result, it increases trust among all parties involved.

At the core of this platform lies the ELDG native token, now worth only $0.016. But remember that it is in Stage 2 of its presale. As it advances, so will the price. In fact, thanks to its low market cap of $7.6M – experts are stating that ELDG may even leave Dogecoin and XRP in the dust. As less new funds are needed for a surge, experts predict a 30x pump on its launch day.

More articles


Please enter your comment!
Please enter your name here

Latest article