Traders are looking forward to 2023 as it could mark another price rally for Uniswap, PancakeSwap, and Everlodge. It is also the expected date for Bitcoin halving. Historically, Bitcoin price rises after every halving and this also affects other altcoins. Experts believe Uniswap, PancakeSwap, and Everlodge will see massive gains in 2024.
Join the Everlodge presale and win a luxury holiday to the Maldives
Uniswap (UNI), a decentralized exchange (DEX) that began on Ethereum’s chain, has become popular. It has launched on other blockchains like Optimism, BNB, Avalanche, Polygon, Arbitrum, Base, and Celo. Meanwhile, new reports reveal that Uniswap exchange could deploy on a new chain.
The Uniswap exchange tweeted that Uniswap Governance Proposal 50 is live. If passed, Uniswap V3 will launch on the Filecoin Virtual Machine (FVM). As per the voting tracker, about 15.39 million UNI coins, or 99.99% have voted in support. The vote will close on October 6th.
In other news, the price of Uniswap has fallen by 90.48% from its all-time high of $44.97 to $4.30 in October. If Bitcoin’s 2024 halving starts a bullish rally, the Uniswap price will soar to a high of $12.85. However, regulatory factors and a bearish crypto market could affect the coin’s price momentum.
PancakeSwap (CAKE) is a decentralized exchange where users can trade coins while profiting from staking and liquidity pools. Unlike Uniswap, PancakeSwap runs on the Binance Smart Chain (BSC). In August, the crypto market suffered a major decline, causing Pancakeswap’s price to fall from $1.552 to $1.288.
While PancakeSwap coin bulls tried to spark a rally in September, they face strong resistance. As a result, the price of CAKE remained between $1.22 and $1.29 in September However, PancakeSwap’s price dropped below the price range on October 5th.
PancakeSwap is trading at $1.19, near its support level of $1.21. This puts CAKE back at its 2021 price levels before the last bull run. Just like Uniswap, the 2024 Bitcoin halving could also affect the price of PancakeSwap. Analysis has forecasted the price of PancakeSwap to cross $12 by the end of 2024.
PancakeSwap and Uniswap are depending on Bitcoin halving for a price rally in 2024. Meanwhile, Everlodge is tapping into the $280 trillion-dollar real estate industry. Everlodge aims to transform the real estate and vacation industries using NFT fractionalization. The project’s aim is to allow more individuals to invest in these sectors with as little as $100.
Using NFT fractionalization, Everlodge will mint NFTs that represent high-value properties. The platform will divide these NFTs into fractions that will represent a percenta’ge share in a given property. One interesting thing you should know is that the value of these NFTs will rise as the property appreciates.
These NFTs have several other uses and benefits. You can get extra income when the properties are leased or rented. Also, you can use it as collateral to collect a loan from Everlodge’s lending platform.
Everlodge is in the fourth presale phase and is selling its ELDG token at just $0.019 per token. Experts believe that the Everlodge platform has the potential to attract a large user base. Therefore, they have predicted the price of the ELDG token to increase by 5,000% in the first quarter of 2024.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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