For most of the third quarter, the crypto market has been under bearish pressure, with many assets dropping to yearly lows. Surmounting the recent bearish pressure in the market, BNB is showing signs of recovery. Likewise, investors are optimistic about VeChain’s price trajectory while Everlodge emerges as a potential blue-chip crypto project.
Join the Everlodge presale and win a luxury holiday to the Maldives
BNB Looks Set on the Path To Recovery
On September 13, 2023, the opBNB Mainnet was launched. This Layer 2 solution was integrated with the BNB Smart Chain to speed up transactions and reduce gas fees. However, the BNB coin faced a downturn due to a general market decline and regulatory concerns.
As a result of this bear market, the price of the BNB token dropped from $213.63 to $206.1. Despite these challenges, BNB is beginning to show signs of recovery, with investor sentiment improving. Binance’s customer base and the anticipated crypto market rebound are contributing factors.
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Additionally, Binance’s recent upgrade may have increased its network activity. Crypto analysts predict a potential 6.6% increase in the price of BNB value to reach $229.43. However, the current bullish trend must persist for the rally to happen.
VeChain (VET) Price Movement Shows Positive Signals
The VeChain network aims to improve supply chain processes using blockchain technology. Like the rest of the crypto market, VET has battled with bearish pressure in recent times. However, the VeChain coin price chart shows interactions with different moving averages.
Specifically, the 9-18-day moving average crossed at 0.026489. And it’s also close to the 40-day moving average of 0.023210. These crossovers and proximity are important signals for potential trading strategies and signals for a potential rally. The price of VeChain is on the rise, increasing to $0.0166.
The VET’s recent success relies on its practical uses and strong partnerships in the industry. Yet, the volatile crypto market can change price trends. While the VeChain price is anticipated to rally toward its 52-week high, there are worries about drops if it can’t keep its support levels.
Everlodge To Transform the Future of Timeshares Ownership
Everlodge is a groundbreaking platform that combines timeshares with blockchain technology. Using property ownership through fractional non-fungible tokens (NFTs), Everlodge looks to reduce the amount required to invest in timeshares to only $100.
To achieve this, the Everlodge team will collaborate with hotel brands and luxury real estate developers. They will acquire and list luxury villas, hotels, and vacation homes will be listed on the platform. The ownership details and deeds of these properties will be minted as fractionalized NFTs. These NFTs can be divided, allowing investors to own fractions of the properties with $100.
Hey, Lodgers! :house_with_garden:
Do you know? :thinking_face:
With $ELDG, enjoy the warmth of passive income, monthly surprises, and exclusive club access.
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Join the presale: https://t.co/kIufYkD05d#Presale pic.twitter.com/9yzt5hZhul
— Everlodge (@EverlodgeHQ) September 26, 2023
Everlodge’s ELDG coin serves as the driving force behind the ecosystem. This token allows users to buy properties in the marketplace and provides holders with various benefits. Including discounts and complimentary vacation nights at properties listed on the platform.
Additionally, token holders can also stake their ELDG tokens to contribute to the security of the ecosystem. And in return, they receive passive income for staking. The platform is in its fourth presale stage, currently trading at $0.019. Crypto experts have predicted a rally to $0.5 for ELDG.
Find out more about the Everlodge (ELDG) Presale:
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Source: https://thecryptobasic.com/2023/09/28/everlodge-emerges-as-blue-chip-project-bnb-and-vechain-begin-price-rally/?utm_source=rss&utm_medium=rss&utm_campaign=everlodge-emerges-as-blue-chip-project-bnb-and-vechain-begin-price-rally