The overall crypto market is on its heels as they await the US SEC’s verdict on spot Bitcoin ETFs in the next seven days. The Reddit community has joined the crypto frenzy as they picked BNB, Tron, and Everlodge for bullish gains in 2023.
BNB (BNB) On-chain Metrics Rises
BNB crypto has seen upward movement in the last week and could see more gains going forward. Two major metrics support this bullish momentum – high development activity and social dominance. Another big reason for BNB’s recent rally was its latest Binance’s Blockchain Week 2023.
This event happened on November 8th and 9th in Istanbul, according to Reddit. According to Santiment, development activity on the BNB Chain went up from 0.017 in August to 0.17 in November. Earlier this week, BNB token bulls pushed the BNB price to $254.77.
However, BNB’s price has retraced to $249.45 on November 9th with an 8.3% gain on the weekly chart. Reddit has given a bullish BNB price prediction of $264 by December.
Tron (TRX) Partnered With Pundi X To Increase Crypto Adoption
As reported on Medium, Pundi X, a blockchain retail company, has teamed up with Tron. The aim is to integrate Pundi X’s XPOS system with Tron’s network through the TronLink wallet. By so doing, Tron users can now use XPOS devices for cryptocurrency transactions on their TronLink wallet.
In other news, Tron’s TRX token has climbed into the $0.100 region. As of November 9th, it is valued at $0.100250, an intraday gain of 2.5%. Tron coin is a major currency on the Reddit community watchlist. Its blockchain has become the go-to network for USDT transfers.
Tron crypto has recorded 19/30 (63%) green days with 4.88% price volatility over the last 30 days. Reddit has forecasted the Tron price to soar to $0.11456 in 2023.
Everlodge (ELDG): Reddit Community Go To Everlodge for More Gains
While BNB and Tron are gaining value, Reddit users are also betting big on Everlodge given its bullish price movement. Everlodge has great plans for cryptocurrency enthusiasts. Their goal is to revolutionize the way people buy and sell real estate properties.
This would make real estate investments more accessible to a broader audience. In the past, this was limited to the wealthy due to the high cost involved. Thankfully, Everlodge has pledged to overcome this barrier through NFT fractionalization.
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Everlodge will mint NFTs to represent each property and then divide it into portions. Now, you don’t have to buy the entire property just a share in it. This is also a form of co-ownership as many individuals can come together to buy one property. Additionally, you can generate extra income when these NFTs are sold or rented out.
Holders of ELDG tokens will receive discounts on properties, staking rewards, and free annual stays if they decide to join the Everlodge rewards club. At present, the Everlodge token is valued at $0.025, more than double its initial price of $0.01. Notably, the Reddit community has forecasted a 3,000% price increase by the end of 2023.
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The post Reddit Forecasts Bullish Price Explosion for BNB, Tron, and Everlodge, Here’s Why appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/reddit-forecasts-bullish-price-explosion-for-bnb-tron-and-everlodge-heres-why/