Ripple has renewed excitement in the cryptocurrency market after the SEC dropped its long-standing lawsuit Rumors of a potential Ripple IPO are now intensifying while the SHIB burn rate has increased. In addition, Everlodge has caught the attention of investors with its debut in the real estate industry.
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SEC Drops Lawsuit, Ripple IPO Speculations Soars
After two years and ten months, the Securities and Exchange Commission (SEC) of the U.S. has dropped all charges filed against Ripple’s executives. Brad Garlinghouse and Chris Larsen have now been cleared of the SEC’s securities violation accusations.
The case which was filed in December 2020 has been the core of the SEC’s attempt to define what constitutes a security. With the Ripple lawsuit swinging in the company’s favor, there have been increased speculations of an initial public offering (IPO).
With major hurdles out of the way, Ripple could go down the IPO route in the coming months. Already, the Ripple coin, XRP, has seen an increase in price from the lawsuit withdrawal. The price of XRP has rallied to the $0.5359 level. Many experts predict that the XRP price could set a new all-time high if Ripple performs an IPO.
Shiba Inu Burn Rate Increases, Will SHIB Price Follow?
In September, the Shiba Inu burn rate took a noticeable dip as prices crashed. However, things are looking more promising in October. According to a recent report, the burn rate of the Shiba Inu coin has increased by more than 250%.
The increase in the Shiba Inu burn rate happened after a significant jump in whale activity on the network. Whales transferred trillions of SHIB tokens, ultimately leading to an increase in the burn rate. In addition, the Shiba Inu price is also benefiting from the recent Ripple win.
The price of Shiba Inu has increased to the $0.00000700 resistance level. Flipping this level to support could provide the needed momentum for SHIB to rally to $0.00000800. If the crypto market remains bullish, analysts have predicted that Shiba Inu could cross $0.00001000 before the year ends.
Everlodge Debuts To Transform Real Estate Investment
Another project that has sparked excitement in the crypto space recently is Everlodge, as it debuts in the real estate sector. Investors are excited about Everlodge because of its aim to tokenize real estate assets as NFTs, thereby making it easy for everyone to access these properties.
Everlodge will collaborate with top real estate developers and hotel chains to choose properties. Next, chosen properties will have their ownership information minted on NFTs. These properties, now tokenized NFTs, will be listed on Everlodge’s property marketplace.
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Investors will browse the catalog of available properties to invest in. Because these properties are often expensive, Everlodge will fractionalize the NFTs. This way, a fraction represents a share in the real property and will start as low as $100.
By doing so, Everlodge encourages everyone to get involved in real estate investment. Holders of the NFTs will also enjoy benefits and rewards as these properties yield revenue. An exceptional project, Everlodge has gained massive attention in presale. Now in its sixth presale stage, you can buy an ELDG token for $0.023 before its price jumps to $0.5, according to analysts.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Source: https://www.analyticsinsight.net/sec-drops-ripple-lawsuit-shiba-inu-burn-soars-as-everlodge-debuts-in-real-estate/