Cryptocurrency

Litecoin (LTC) Nears Scarcity: Less Than 10M Tokens Left to Mine, Everlodge (ELDG) and Bitcoin (BTC) Rises Among Top Cryptos to Buy

Market Trends

Litecoin is currently in high demand as the LTC token is over 80% sold out. According to a recent post made by the Litecoin Foundation, almost 74 million Litecoin token have been mined leaving only less than 10 million of the total supply left. On a different note, Everlodge joins Bitcoin to make the list of top ten cryptos to buy right now.

Litecoin (LTC) Nears Scarcity as the Total Supply is Almost Fully Circulated 

Late last night, at around 11:46 pm UTC, the Litecoin Foundation took to Twitter, announcing that the total amount of Litecoin in circulation has reached 74 million. This is up to 88.5% of the total supply of Litecoin created, which is 84 million. 

At the time of writing, Litecoin is currently priced at $71.04, and considering global adoption and increasing demand, the price is set to rise even further. Ordinarily, when a coin's supply is almost out, this increases demand, which further escalates prices.

The total amount of Litecoin left to mine is just a little above 9,999,000. Before mid-2024, if the supply of Litecoin is fully circulated, there is bound to be another Litecoin price resurgence. In view of this, Litecoin might be among the best crypto investment assets at the moment.

Bitcoin (BTC) Remains One of The Best Crypto To Buy

Bitcoin (BTC) remains the go-to choice for both seasoned and newbies in the crypto space. While many investors may not have previously considered Bitcoin among the best crypto investments, there seems to be a shift in the current landscape which presents an abundance of opportunity.

Asides it's one-way or less diverse functionality, Bitcoin holds the highest value as the top cryptocurrency and, it might turn out to be the best cryptocurrency to invest in right now due to its anticipated halving next year.

Historically, Bitcoin halving has been linked to heightened scarcity, which has the potential to stimulate increased demand and subsequently drive up prices. Besides, investors often see this event as one of the major factors contributing to the long-term value proposition of Bitcoin. 

Currently, the Bitcoin price is hovering around $42,769. However, projections from Changelly suggest that the price of Bitcoin is anticipated to reach a maximum of $76,159 and maintain an average price of $62,678 by the year 2024.

Everlodge May Become Rise Among Best Cryptocurrency to Invest in Next Year

Everlodge is set to garner massive attention during its inaugural year, thanks to its groundbreaking approach to property ownership and real estate investment. What makes Everlodge stand out is that it perfectly blends Airbnb with Web3, utilizing NFTs and the immersive experience of Web3 to provide accessible solutions for home ownership.

An intriguing feature of Everlodge is the ability to own a fraction of high-value properties, such as villas and apartments, or even expansive estates. As a member of the ecosystem, you can own a fraction of a $100,000 villa for as little as $100, disrupting the conventional need for substantial funds to acquire million-dollar homes.

The digitization mechanism is a key aspect, transforming these real-world assets into non-fungible tokens, with ownership details stored in a smart contract. This process enables fractionalization, facilitating co-ownership and affordable investments.

Given the appreciating nature of real-world assets over time and the increasing value of their NFT representation, Everlodge emerges as a best crypto investment in the property market, appealing to investors globally.

The Everlodge token adds another layer of utility, offering governance rights, discounts, participation in liquidity pools, transaction facilitation, and a range of rewards for active participants. Currently in its stage 8 token presale, Everlodge tokens are priced at $0.027, with the value steadily increasing until the launch day.

For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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