Recently, X secured its eighth payment transmitter license in the United States, specifically in Mississippi. This move could have significant implications for various cryptocurrencies in the future, including Dogecoin (DOGE), Polygon (MATIC), and Everlodge (ELDG). This article explores the potential impact of X’s licensing on these cryptocurrencies and provides price predictions.
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Dogecoin (DOGE): Potential Impact
Dogecoin (DOGE) has gained substantial popularity due to endorsements and tweets by influential figures like Elon Musk. With X’s licensing expansion, Dogecoin could benefit if cryptocurrency was ever used as a payment service on X. In fact, it could see an increase in accessibility and legitimacy.
This development may drive more mainstream adoption of Dogecoin, potentially leading to a positive price trend. But, while predicting cryptocurrency prices is challenging, the increased exposure and accessibility could contribute to the Dogecoin value stability and potential growth.
Due to all these reasons, market analysts remain bullish on Dogecoin and its long-term growth potential. As a matter of fact, they predict that the Dogecoin price will sit between $0.089 and $0.098 within Q4 of 2023.
Polygon (MATIC): Bullish Signs
Polygon (MATIC), an L2 scaling solution for Ethereum, has been gaining traction as it addresses Ethereum’s scalability issues. X’s licensing expansion and cryptocurrency payment implementation will indirectly benefit Polygon, as it could lead to more exposure.
In recent Polygon crypto news, the project partnered with Mirae Asset Securities, Korea’s largest financial group. By working with Polygon, they aim to explore practical ways to integrate tokenized securities and enhance interoperability within South Korea’s economic infrastructure.
This strategic move positions Polygon as a strong candidate for those seeking exposure to projects bridging the gap between the traditional finance sector and the blockchain industry. Therefore, experts in the field forecast that the Polygon price will surge to $0.87 by December 2023.
Everlodge (ELDG): A Revolutionary Project
Everlodge (ELDG), a cryptocurrency project focused on revolutionizing real estate markets, could also be influenced by X’s licensing expansion. An increased accessibility to cryptocurrencies brought about by X’s platform may attract more potential investors to projects like Everlodge.
Additionally, the growing interest in cryptocurrency could lead to greater demand for real estate fractionalization, Everlodge’s primary offering. Fractional ownership opens the door for investors who may not have the capital to buy entire properties but can now diversify their portfolios by investing in multiple fractional shares.
It accomplishes this by digitizing and minting high-end hotels and vacation homes into NFTs, which are then fractionalized. As the property value rises, so will the value of the NFT. Also, Everlodge allows those in the Rewards Club to earn free nightly stays in these properties. Additionally, these can be resold – adding another income stream to individuals.
However, only those who hold the ELDG native token gain access to the Rewards Club. Thus, people are flocking to the ELDG presale, which is now in Stage 2, and one token costs just $0.016. But, thanks to its real-world ties to the hospitality industry (worth $4.5T in 2022), its long-term growth potential is immense. Some experts even foresee a 30x pump on launch day.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge