JP Morgan Chase CEO Jamie Dimon attacked the Bitcoin (BTC) cryptocurrency when asked at a Senate Hearing about what to do about the crypto used for illegal activities. Dimon and seven other bank CEOs also said that the crypto companies need to be required to abide by the same anti-money-laundering rules as banks.
Consequently, the value of the crypto surged, but it was not alone, as Shiba Inu (SHIB) and Everlodge (ELDG) also experienced a notable upswing. Today, we will go over the price performance of each cryptocurrency to see just how far they can climb and we will see what is the best crypto to invest in.
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Bitcoin (BTC) Breaks Above $43,000 – Is a Climb Above $50,000 Possible?
Bitcoin (BTC) saw a highly bullish level of performance, and the current momentum leads analysts to expect a price above $50,000 in the upcoming months.
It’s forming a bullish continuation pattern on the multiple time frame chart, and buyers are highly active at the support levels, where minor dips will be bought up. The 50-day and 200-day EMA is sloping upwards, confirming the Bitcoin uptrend.
The BTC price has moved far away from this 50-day EMA and looks over-stretched. A minor profit booking or short-term retracement could trigger at any point from its highest levels.
Recently, Bitcoin broke out from the $40,000 resistance point and moved up to $43,000. The buying volume is also consistently rising and positively impacting the price. Buyers succeeded in taking control of the supply zone, and the dominance of bulls is now visible. Based on the Bitcoin price prediction, it can reach $64,634.71 by the start of 2024.
Shiba Inu (SHIB) Will Reach $0.000012 by January – How True Is This Prediction?
Shiba Inu (SHIB) also recently showcased an upward momentum, with a 16% increase in the past week. The crypto is recovering in value and showcasing signs of a bullish trend reversal.
The Shiba Inu trading volume is also on the rise, which positively impacts its price. If the buying volume increases and the price continues to trade in the narrow range, this can be an indication of the presence of whales who are silently accumulating the Shiba Inu crypto.
The 50-day and 200-day EMAs are revising upwards, and the SHIB price climbed above both of the EMAs, suggesting a boosted confidence of investors. At this rate, based on the most recent Shiba Inu price prediction, it can reach $0.000012 by January. This prediction can become a possibility as buyers are present and succeed in defending the Shiba Inu support and bounce.
Everlodge (ELDG) to Address Key Issues in the Hospitality Industry
Everlodge (ELDG) is an upcoming real estate marketplace that can provide traders with high-ROI diversification opportunities and has picked up significant attention with its crypto ICO
It will address key issues in the $4.548 trillion hospitality industry. Historically, getting access to properties was difficult as they cost millions of dollars, making them out of reach for most people. The market also lacked transparency and liquidity.
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Everlodge will combat this by minting properties as NFTs, where they are split across smaller pieces worth just $100 each. This way, the market can be far more liquid. All of the details, like the title deeds and ownership data, are stored within the smart contract’s metadata, resulting in higher transparency, making it the best DeFi project.
The platform will also implement an AI-driven tool for token holders. Through it, they can get predictions on future geographical locations in which properties can experience a major price upswing.
Summary
While Bitcoin did breach $43,000 and is heading upwards, and Shiba Inu did experience a massive price surge as well, the most significant gains can be made with Everlodge. During the Stage 7 presale, the ELDG token is offered at just $0.025, but we can see a significant upswing in value driven by the broader market momentum and a 35x spike in value at launch, making it the best crypto to invest in.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.