Analyzing BNB and Chainlink price action, Everlodge stage 7 presale sells out
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
BNB prices briefly fell following the departure of Binance founder Changpeng Zhao as CEO. Chainlink (LINK) benefits from the growth of AI. It is also an Oracle, enabling users to access off-chain data required for smart contracts. LINK is up 138% in the past year.
Some seeking to recover losses are turning to Everlodge (ELDG), given its potential to disrupt the $4.548 trillion hospitality industry through AI.
Binance corrects to $235
BNB has seen some recent declines, which has worried some investors.
On Nov. 21, when Binance founder Changpeng Zhao announced he was stepping down as CEO, BNB traded around $235. As of Dec. 8, it was at $226, down 11.94%.
Despite declines attributable partly to uncertain leadership transitions, BNB is the fourth largest crypto with a market capitalization of over $36 billion and $934 million in trading volume as of this week.
Based on technical analysis forecasts, some analysts predict BNB could return to around $243 by the end of 2023.
Chainlink may soar past $17
Chainlink has benefited recently from increased interest in external data integration to enhance AI systems like those developed by OpenAI and Microsoft. Chainlink allows users to incorporate off-chain data into smart contracts.
Developers have showcased Chainlink’s potential to improve AI capabilities by connecting systems to relevant real-world information. This usage potential has recently generated some positive sentiment around LINK.
According to one pseudonymous analyst, LINK has broken out from an ascending triangle price pattern, signaling the potential to reach a target of $17 in the near term based on technical indicators. Over the past week, LINK rose from $14.75 to over $16.42.
Some proponents believe that if momentum continues, LINK could surge above $20 by early 2024.
Everlodge to integrate AI into the $4.548 trillion hospitality industry
Everlodge is an upcoming real estate marketplace that aims to reshape how people invest in high-value properties.
By fractionalizing real estate assets into smaller, more accessible shares, Everlodge allows anyone to own a piece of luxury homes or hotels, starting at just $100.
This approach addresses a key challenge in the $4.548 trillion hospitality industry – the lack of accessibility to large-scale real estate investments.
Everlodge aims to democratize real estate ownership by breaking down the barriers to entry, allowing individuals to diversify their portfolios and gain exposure to high-potential assets.
Each property on the Everlodge platform will be minted as a non-fungible token (NFT), representing fractional ownership of the property, and they will be stored in the platform’s secure smart contracts. This ensures transparency and immutability of ownership records.
Everlodge will utilize Artificial User Intelligence(AUI)-driven tools to enhance transparency and decision-making.
These tools will analyze real-time data and provide token holders with predictions of future locations. This information can be used to make informed investment decisions and potentially maximize returns.
The Everlodge presale is in stage 8, with ELDG trading at $0.027. Analysts anticipate a significant price upswing upon launch.
This growth potential is due to Everlodge’s ability to democratize real estate investment, address industry challenges, and leverage AI-driven tools for informed decision-making.
Summary
Binance continues to face challenges. Some individuals are exploring Chainlink as an option to mitigate losses. Everlodge, with its upward trajectory and diverse ecosystem elements, is also seen as having the potential for significant growth upon launch.
Please visit their website for more information about the ongoing Everlodge (ELDG) Presale.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
