Bloomberg analysts positive about the approval of Spot Bitcoin ETFs; Cardano, Binance Coin, and new Crypto set to rally

According to Bloomberg, the approval of Spot Bitcoin ETFs inches closer as Grayscale meets more of the SEC’s requirements. Tokens that experts have picked to explode once a spot Bitcoin ETF is introduced are Cardano, Binance Coin, and Everlodge.

Cardano (ADA) staking skyrockets

Cardano (ADA) is set to surpass the $0.40 resistance level amid the ongoing surge in the altcoin market. Recent on-chain data highlights a growing trend in the Cardano network’s staking process. As reported by StakingRewards.com, there was a 15% uptick in Cardano staking activity between September 28 and November 21. 

This surge in staking coincided with a remarkable 40% increase in Cardano price. Notably, Cardano had previously experienced a surge in staking activity in October 2023, reaching a 90-day peak with a total of 23.05 billion ADA coins. 

The Cardano crypto has traded between $0.285319 and $0.371976 in the past month. It has monthly gains of 39.9% on the 30-day chart. According to analyst’s Cardano price prediction, the price of Cardano is predicted to reach $0.374084

Binance Coin (BNB) aiming for new price targets

Binance Coin (BNB), the native token of the world’s largest exchange, Binance, remains one of the top coins in the crypto market. According to CoinMarketCap, the Binance Coin market cap is about $35 billion. This makes the token the 4th largest in the crypto market. 

Interestingly,  Binance Coin price has rebounded since its October 12 low of $204. Recently, its price increased to $270, a 31% recovery as it surpassed its July peak. This marked the first higher high since February. 

As of November, Binance coin value has remained in the $227.95 – $266.86 range. With a potential Spot Bitcoin ETF on the horizon, analysts are bullish on the price of Binance Coin. Binance Coin bulls have their eyes on the $270 and then the next resistance at $285.

Everlodge (ELDG) Christmas contest gains momentum 

Apart from Cardano and Binance Coin, another coin that has been predicted to rally after the spot Bitcoin ETF launch is Everlodge (ELDG). Everlodge has emerged as a dynamic Web3 marketplace, allowing users to trade real estate transactions, either as buyers, sellers, or property owners. 

Everlodge is innovatively transforming these real estate assets into NFTs. This approach is aimed at democratizing property ownership in the real estate sector. Everlodge’s core mission is to broaden access to real estate properties. Beyond real estate, Everlodge offers a diverse set of features. This covers a lending platform, a launchpad, a rewarding club, and a marketplace.

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On the lending platform, your NFT holdings can be used as collateral to secure loans. Simultaneously, the rewards club grants users complimentary stays at various properties and hotels. It’s essential to mention that the number of free stays you can enjoy via the rewards club is contingent on your activity level. 

Also, you have the option to sell these complimentary nights, creating an additional income stream. Everlodge tokens are available for purchase at a remarkably low price of just $0.025 each. The platform is hosting a Christmas Meme Contest. Attractive prizes await, with $500 ELDG for the first-place winner, $300 ELDG for second place, and $200 ELDG for third place.

Visit Everlodge

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