Cryptocurrencies have bounced back from its mid-November collapse. Traders appear to have moved past the Binance saga and SEC settlement. The market is once again buzzing, with numerous coins seeing notable increases. Leads driving the market rebound are Solana and Bitcoin.
Another news that has excited the crypto community is Everlodge’s integration of artificial intelligence into its property marketplace. Let’s see how these trends are affecting the crypto market today.
Why is the Bitcoin Price Up Today?
The price of Bitcoin (BTC) retraced back to $36,000 amidst the Binance vs. SEC settlement. Bitcoin traders looked to have put the incident behind them, as the market is seeing further price gains.
Bitcoin’s price has surged above the $39,000 barrier. Now that it has recovered this support, a move above the $40,000 mark appears more likely. The price increase was caused by a number of factors, including an increase in CME BTC futures.
The buzz around a spot Bitcoin ETF is the main contributing factor. According to James Seyffart, an ETF expert at Bloomberg, there is a good chance that a spot ETF will be approved by January 2024.
Also, the cryptocurrency community is preparing for another Bitcoin halving in April 2024, building more enthusiasm.
Solana Jumps Double Digits, What’s Behind the Rally?
The bullish sentiment easily spread across the crypto market, and the Solana coin emerged as one of the biggest gainers. The price of SOL jumped by double digits to reclaim the $60 mark.
The rally happened amidst a swell of on-chain activity in Solana’s NFT markets and decentralized applications. The Solana blockchain saw a 10% increase in active addresses, while dApp volume increased by 9%.
CryptoSlam reported that the Solana NFT activity surged by 35% in the past week. In the period, SOL recorded $24.5 million in sales, making it one of the most active blockchains.
These factors have helped to push the Solana price back toward year-to-date highs.
Everlodge (ELDG) Has Integrated AI Into the Real Estate Market
Everlodge gained popularity when it introduced the world’s first blockchain marketplace for real estate properties. The project is aimed at helping users from around the world get easy access to investing in luxury properties by using NTF fractionalization.
The project has taken it to the next level by integrating artificial intelligence. Integrated into its blockchain platform, Everlodge aims to offer more optimized access to these properties.
The AI tool of Everlodge helps monitor and scan global property prices in all territories. Using this, the latest prices of properties across the world would be displayed.
They can also help traders predict the future of their investments. This will help investors choose the best properties to invest in.
This, in addition to its unique property marketplace, has earned Everlodge high praise and acceptance. Its native token, ELDG, has already increased by 150% to reach $0.025.
For more information about Everlodge (ELDG), please visit their website.
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