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Bitcoin continued its rally as its price regained the $38,000 resistance. Bullish sentiment was shared in the crypto market as Pepe Coin compensated for losses. Learn about these trends and other new altcoins shaking up the crypto space.
Bitcoin Returned to 38 Thousand Dollars After Fed’s Rise Announcement
Last week, the cryptocurrency Bitcoin faced difficulties in surpassing the $38,000 level. This led to a relatively stable, unchanging phase of movement.
However, the latest Bitcoin news revealed that Bitcoin continues its upward trend. It managed to rise above $38,000 per coin. This rise came after the Fed’s bullish statements. Federal Reserve Governor Christopher J. Waller hinted at a potential decline in the rate of inflation growth.
This comment positively affected the Bitcoin price. According to Coincodex’s Bitcoin price prediction, the Bitcoin price is estimated to increase by 5.96% and reach $39,397.
Pepe (PEPE) Cleared His Weekly Losses
Recently, Pepe Coin (PEPE) has returned to the top 100 cryptocurrencies in terms of market cap. According to Pepe CoinMarketCap data, the market value of the meme coin is over $461 million. This makes the Pepe meme coin the 98th largest meme coin in the crypto market.
Despite this ranking, the Pepe cryptocurrency failed to reverse its month-long decline. The token was in a downtrend after losing gains from the Uptober rally. Meanwhile, it reversed weekly losses, jumping from a seven-day low of $0.00000105 to a seven-day high of $0.00000118.
Many analysts’ Pepe Coin price prediction is bullish. They predicted that the price of the Pepe cryptocurrency will increase by 10.05% to $0.000001205 in the coming weeks.
Everlodge (ELDG) Will Rise After Gaining 150%
According to the team of Everlodge (ELDG), which is a new project and whose future is not yet clear, it has recently shown encouraging developments for December. The optimism surrounding Everlodge is based on the project’s rapid adoption. Everlodge is focused on revolutionizing the way people own real estate. The innovative approach means you don’t need huge sums of money to own a luxury beachside holiday home.
To make this possible, Everlodge plans to turn these real estate properties into digital NFTs and break them into pieces.
The primary goal here is to make access to these features more accessible. Therefore, with as little as $100, more people can now own some of these properties.
We’re thrilled to announce that our website just got a makeover! 💻
Check out the fresh look and discover the NEW features we’ve added. It’s all about making your experience even better!
Plus, remember that our Presale is still ON.
Explore now: https://t.co/SIYWBylwQD#RWA pic.twitter.com/aTuT8x7z36
— Everlodge (@EverlodgeHQ) October 23, 2023
Everlodge’s platform has created opportunities for people to invest in properties around the world. Adding to the excitement, early purchasers of ELDG tokens have a chance to win a holiday to the Maldives. Currently, Everlodge has reached the seventh phase of its pre-sale and the price of one ELDG token is set at $0.025.
Those who invested early have already seen a 150% return on their investment (there is risk). According to his team, it is estimated that growth will continue and ELDG will rise to $0.50 by the first quarter of 2024. This estimate is based on factors such as Everlodge’s low market value and its strong ties to the real estate industry. Both factors are seen as key factors for potential price increases.
Click to review Everlodge.
*This article is not investment advice! This is sponsored content. Cryptocurrency investments are high risk investments, do your detailed research before investing!