Making the headline today is Monero who is making a comeback despite recent market struggles. On the flip side, VeChain joins forces with telecom giants while Everlodge is making investments in the real estate industry accessible to more investors.
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Monero (XMR) Price Prediction
In June, Monero enjoyed a major rally, increasing from $130 to as high as $170. However, since then, the XM price has been on a decline. In September, along with the cryptocurrency market, the price of Monero declined back to $137.
However, Monero has displayed strong potential and consistent performance in its price recovery. XMR recovered in October, converting the $150 resistance to a support level. So, how will XM perform in Uptober? Monero has shown a bullish pattern.
If Monero holds its $150 support, the price of XMR could rally to the $170 level in the coming weeks. Analysts have predicted that the Monero price could increase to $190.47 before the end of the year.
VeChain Partners With AT&T
VeChain is a big player in the world of blockchain, especially in the business world. They’ve recently teamed up with major telecom giants like AT&T, T-Mobile, and Verizon. VeChain CEO Sunny Lu announced the partnership with telecom giants ahead of his appearance at MWC Las Vegas.
The partnership between the telecom industry and VeChain has brewed hype about the project. According to analysts, it could see an adoption increase for the VeChain network. It is part of the project’s goal of global blockchain expansion.
The price of VeChain coin has also been increasing over the last few weeks. From a low of $0.0145 in September, VET has increased to $0.01664. As the partnership yields fruit, crypto analysts have predicted that the VeChain price could increase to $0.1500 this year.
Everlodge Enters Real Estate Space With Unique Offering
Recent data reveals that the vacation rental market will grow by 4.7% annually until the year 2030. Also, the global real estate market is worth about $280 trillion. Everlodge is launching in this mammoth industry with a unique property platform.
Everlodge is gaining popularity because it is changing the way people invest in property by making it more decentralized. And this is helping to get rid of the usual obstacles in the industry. The platform is built around property co-ownership using NFT technology by using fractionalization.
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This simply means that properties are represented as NFTs on the platform. These NFTs can be split into shares as small as $100. This approach seeks to give everyone the opportunity to co-own properties. The Everlodge ecosystem also includes a Rewards Club, a Lending platform, and a developer launchpad.
This unique platform of Everlodge has caught the attention of investors who are optimistic about its prospects in the real estate industry. The ELDG token can be used for transactions within the Everlodge system. The token is valued at $0.019 each. Some analysts have predicted that ELDG could go up to $0.50 later this year.
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