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Ethereum Leads as BitMex Co-Founder Picks ETH Over Solana
Published 1 hour ago on January 01, 2024
As the end of 2023 draws close, investors are shifting their focus to the upcoming year, looking for diverse investment opportunities in the crypto space. Ethereum (ETH), Chainlink (LINK), and Everlodge (ELDG) have emerged as standout altcoins to keep a close eye on, given their remarkable performance in recent months. Let’s delve deeper into these exciting investment prospects.
BitMex Co-founder Stays Confident on Ethereum (ETH) Over Solana
Arthur Hayes, co-founder of BitMEX, recently made a bold move by switching his focus to Ethereum (ETH) from Solana (SOL). Despite Solana’s impressive performance in the market, Hayes opted to sell his SOL holdings and allocate more resources towards Ethereum. He expressed his support for Vitalik Buterin’s Ethereum, particularly in light of the rising prices of SOL.
Hayes also made a daring prediction, anticipating that the Ethereum price will reach $5,000. While Ethereum struggled with slower numbers in 2023 compared to Bitcoin, its recent surge in early December 2023, crossing the $2,100 mark, aligns with Hayes’ positive view.
Chainlink Staking v0.2 Sees Over 11 Million Tokens Staked
Chainlink, the top decentralized oracle network, recently rolled out a significant upgrade to its staking protocol, known as Staking v0.2. This launch sparked a surge of activity, with over 11 million Chainlink tokens staked within just 30 minutes of going live. This buzz around Staking v0.2 reflects a strong belief in Chainlink’s prospective growth.
Despite trailing behind market leaders like Bitcoin and Solana with a modest 7.95% increase in the last 30 days, Chainlink continues to hold promise as a top-performing altcoin.
Everlodge (ELDG) is Predicted to 10X on Launch
Everlodge (ELDG) is an emerging player in the DeFi market, aiming to revolutionize real estate ownership by turning properties such as vacation homes and hotels into fractional NFTs. This innovative approach enables investors to acquire these properties at a reduced cost, with the value of the NFTs directly linked to the underlying properties.
Currently in the eighth stage of its presale, Everlodge’s native cryptocurrency, ELDG, is priced at 0.027. Analysts predict Everlodge to be among the best cryptocurrency investments to watch out for in 2024, with the potential to reach a 10X valuation upon launch.
Looking ahead, Ethereum, Chainlink, and Everlodge have established significant potential for high yields and are noteworthy options to consider when seeking the best crypto investments to add to your portfolio.
Ethereum, Chainlink, and Everlodge: High-Yield Crypto Investments for 2024
Ethereum’s enduring relevance within the crypto community enhances its value and attractiveness as an investment. With the support of influential figures like Arthur Hayes, Ethereum’s outlook remains positive heading into 2024. The anticipated $5,000 price target adds to the excitement surrounding ETH.
Chainlink, despite trailing behind other market leaders, maintains an innovative solution through its decentralized oracle network. The recent surge in staked tokens following the launch of Staking v0.2 suggests that investors see potential for Chainlink’s growth in the future.
Everlodge’s unique proposition in the DeFi market, providing fractional NFTs tied to real estate properties, positions it as an attractive investment option. The prediction of a 10X valuation upon launch further adds to its appeal.
The Potential of Ethereum, Chainlink, and Everlodge in the Crypto Market
As the altcoin season continues, Ethereum, Chainlink, and Everlodge present attractive investment opportunities in the crypto market. Their impressive performances and potential for high returns make them standout assets for investors seeking diversification within their portfolios.
Ethereum’s strong position within the crypto community, backed by influential figures like BitMex’s co-founder, provides investors with confidence in its long-term growth prospects. Chainlink’s innovative staking protocol and Everlodge’s unique approach to fractional NFTs offer distinct advantages that could propel them to new heights in 2024.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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Analyst comment
Positive news for the market. Ethereum’s strong performance and endorsement from BitMex co-founder Arthur Hayes suggest a bullish outlook for the cryptocurrency. Chainlink’s staking upgrade and increased token staking also indicate potential growth. Everlodge’s unique approach to real estate ownership through fractional NFTs makes it an attractive investment option with a predicted 10X valuation upon launch. Overall, these developments present high-yield investment opportunities in the crypto market.
