The crypto space is very dynamic making it important for investors to always monitor the market. Meanwhile, ChatGPT has identified three top altcoins that are gaining attention in August. They are Binance Coin (BNB), Ripple (XRP), and Everlodge (ELDG).
Click Here To Find Out More About The Everlodge (ELDG) Presale
Binance Coin (BNB) To Soar 10x
Recently, Binance Coin (BNB) has shown a period of price consolidation, with lateral movement between $245 to $234 over the past two weeks. This intriguing price action from BNB has given rise to a bullish reversal pattern known as the inverted head and shoulders.
As a result, ChatGPT is predicting a bullish price movement soon. However, BNB bulls must maintain the recently formed support level.
If they are able to do so, it could open the chance for a potential 10% recovery for BNB. According to CoinMarketCap, BNB is trading at $240.57, a -2.54% price decline in the last 24 hours.
Can XRP (XRP) Breakout From Its Narrow Range?
Ripple (XRP) is currently trapped in a narrow range, fluctuating between $0.74 and $0.675. Notably, coin buyers are finding strong support at the $0.675 level. For the past two weeks, the coin price has hovered just above this support, struggling to achieve a sustained recovery.
If XRP experiences a post-breakdown fall, it could potentially drop by another 8.5%. Such a drop would take it to the $0.62 support level. However, If the overall crypto market improves, XRP bulls would bounce from the $0.645 and aim for the $0.74 barrier.
A successful breakout could lead to a bullish upswing of 14%, reaching the $0.85 price level. Subsequently, XRP could extend further to the $0.935 mark.
Everlodge (ELDG) To Soar 50x Before the End of August
Everlodge (ELDG) is set to revolutionize the real estate space using NFT fractionalization and blockchain technology. The platform will democratize access to the trillion-dollar industry. This will enable investors to own fractional shares in high-value properties like hotels, luxury villas, and vacation homes.
The aim of the project is to capitalize on the booming hospitality industry, valued at over $4.548 trillion. Interestingly, the value of the NFT will rise as the property’s value increases. Meanwhile, users can sell their NFTs on Everlodge’s marketplace or even use them as collateral to collect loans.
Other benefits that Everlodge will offer include staking rewards and discounts. This dedication to users’ fulfillment and rewarding journey underscores Everlodge’s commitment to providing exceptional service. Everlodge will be locking its liquidity pool for 8 years and team tokens for 2 years.
Everlodge is presently in the presale phase, and each ELDG token is available for purchase at just $0.01. With its robust features and advantages, analysts foresee a significant surge in the adoption of Everlodge’s token. The Everlodge token has several use cases and benefits for its holders. Those with Everlodge tokens can stake them to earn rewards and enjoy free nightly stays at Everlodge hotels.
Find out more about the Everlodge (ELDG) Presale Today
Website: http://www.everlodge.io/
Telegram: https://t.me/everlodge