Cryptocurrency tokens are continually adapting to changing trends and demands. In recent developments, XRP (XRP) has made headlines as its utility grows. However, this dynamic shift raises questions about whether other tokens like Tron (TRX) and Everlodge (ELDG) can sustain their bullish momentum.
XRP (XRP): Expanding Utility
In recent XRP (XRP) news, John Deaton, a prominent figure in the cryptocurrency community, made a bullish statement about it. The situation arose when a blockchain enthusiast, Lukey Mo, posted an XRP chart showing the cryptocurrency’s impressive surge from $0.47 to $0.68 in less than 30 days.
Mo took to Twitter to admire XRP’s impressive performance by saying “XRP is pumping and nobody knows why.” This tweet caught the attention of John Deaton. He believes that this upward movement can be attributed to the “Rise of Legal Utility.”
His positive outlook on their value aligns with the growing sentiment surrounding XRP and its potential for an increase in legal use cases. Analysts have also made a bullish XRP price prediction – it may reach $0.79 by December 2023.
Tron (TRX): A New Milestone
Tron (TRX) has not been sitting idly, either. In fact, Tronscan reports that over 194M accounts have been created on the Tron network so far. This is a huge milestone for this project. Furthermore, the Tron DAO recently announced a significant collaboration with Tangem AG, a leading producer of crypto hardware wallets.
Their primary objective was to enhance the Tron ecosystem by improving user experience and innovation. Following this news, the Tron price jumped from $0.096 on October 31st to $0.099 on November 6th.
With its consistent expansion and broad user base, experts have made this bullish Tron price prediction. They predict a potential price surge to $0.13 within the fourth quarter of 2023. Tron’s ongoing development and increasing adoption continue to make it a notable player in the cryptocurrency space.
Everlodge (ELDG): More Utility Than XRP and Tron?
While XRP and TRX evolve in the blockchain space, Everlodge (ELDG) is tackling real-world issues. This upcoming property marketplace aims to disrupt the real estate industry, valued at over $280T. While it can be very lucrative, it faces some challenges as well.
For example, one of the most significant problems in the real estate market is the high cost of entry. Everlodge is disrupting this norm by digitizing and minting real-world properties into NFTs, which are fractionalized. This means that investors can buy fractions of properties, providing an affordable entry point for anyone interested in real estate.
One of the biggest issues with traditional real estate investments is that it can be difficult to buy or sell properties quickly due to lack of liquidity. Everlodge tackles this issue by allowing NFTs to be traded on secondary markets, providing investors with the flexibility to buy or sell their property shares as needed.
Since it is in Stage 6 of the ELDG native token presale, its current value is $0.023. Unlike XRP and Tron, Everlodge also boasts a low market cap, which means it will experience faster value increases. Thus, millions of ELDG have been sold. Demand is so high that experts predict a rise to $0.038 before its presale ends.