Options traders are betting that the Bitcoin (BTC) cryptocurrency can surge to $50,000 by January, with many market observers expecting the SEC to allow Exchange-Traded Funds (ETFs) to directly hold the cryptocurrency. That’s the price level that has the largest open interest, with the total amount of outstanding contracts to buy BTC having call options that will expire on January 26, 2024, according to data from Deribit.
NEAR Protocol (NEAR) is also bullish on the charts and could follow a similar pattern. The Everlodge (ELDG) presale-stage project is also picking up significant attention, as it has already seen significant growth and can spike as high as 100x at launch. We will explore the price performance for each cryptocurrency to see how far they can rise, and we will see what is the best crypto to invest in.
Bitcoin (BTC) Breaks Above $43,000 – How Far Above $50,000 Can It Rise?
Bitcoin (BTC) saw significant gains during the past week, and its current momentum leads analysts to expect it to climb above $50,000 in the upcoming months. The on-chart data for Bitcoin suggests a bullish continuation pattern on the multiple time frame chart. Buyers are active at the support levels, and the 50-day and 200-day EMA is heading upwards.
The BTC price has moved far away from the 50-day AM, and a minor profit booking or short-term retracement can lead to even higher gains. During the past week, Bitcoin climbed from $42,907.55 to a maximum value of $44,282.10.
Buyers succeeded in taking control of the supply zone, and the bull dominance rate is high. According to the latest Bitcoin price prediction, it can reach $64,634.71 following the start of 2024.
NEAR Protocol (NEAR) Breaks Past $2 – How Far Will It Spike?
NEAR Protocol (NEAR) is a Layer-1 network that enables developers to create and then run applications powered by a network of computers. It solves key challenges in the blockchain space, such as low speed, high costs, and lack of usability, through a unique sharding method known as Nightshade.
This has paved the way and established NEAR Protocol as a major player in the industry. The volume analysis for NEAR indicates that its trading volume is at $203,841,483, with its market cap at $2,251,901,842.
During the past month, the NEAR Protocol cryptocurrency saw an upswing of 50.6%, with its weekly value jumping from a low point of $1.86 to a high value of $2.36. According to the latest NEAR Protocol price prediction, it can surge to $4.15 by the end of 2024.
Everlodge (ELDG) Will Disrupt the $82.63 Billion Global Vacation Rental Market With NFTs and AI
Everlodge (ELDG) is an upcoming project that can disrupt the $82.63 billion global vacation rental market by introducing blockchain-based elements to the industry by making properties available for as little as $100, and as a result its seen as the best DeFi crypto.
Getting access to these properties is difficult through traditional means as they are worth millions of dollars, making the asset class exclusively available to the elite.
Through Everlodge, properties will get minted as NFTs before getting split into smaller pieces through the fractionalization process. This way, instead of buying a property worth $10 million upfront, anyone can get one or multiple of the 100,000 pieces worth $100 each.
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The important details, such as ownership data, get stored in the smart contract’s metadata. As the property gets rented out, holders of these fractions can get access to passive income. There will even be a dedicated AI tool that can monitor and scan all of the global property prices in all territories.
Users get access to up-to-date snapshots of a specific region where the property market can experience an upswing, providing them with high ROI opportunities, making it the best crypto to invest in.
Summary
Bitcoin can indeed break above $50,000 based on the on-chart data, and NEAR Protocol is on a bullish path, which could lead to even more gains. The most significant growth will, however, be experienced with Everldoge as it can spike following the conclusion of its crypto ICO. During Stage 7, ELDG is offered at just $0.025, but a price upswing of 2,500% is expected at its launch.
For more information about Everlodge (ELDG) please visit their website.
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Source: https://www.analyticsinsight.net/options-traders-are-betting-big-on-bitcoins-next-price-target-will-near-protocol-and-everlodge-follow/