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The SEC ruling Ripple fueled bullish sentiment among XRP holders. OKB benefits from the trend toward utility tokens, and Everlodge combines Web3 with the housing market. Find out what's happening.
Recent catalysts keep fueling the already ongoing hype among XRP holders after the SEC ruling. With the bullish sentiment in place for XRP brought by the holders' partial victory against the US Securities & Exchange Commission (SEC), the enlistment in the International Swaps & Derivatives Association provided clarity for investors on Ripple's status as "not an investment contract."
A look at the XRP/USD daily chart shows a rare Golden Cross occurred, which so far has only been seen twice before in Ripple's history. Both happened around the end of 2017 and at the beginning of 2021 and ended in massive rallies in XRP price. As mentioned, Ripple's victory against the SEC remains the biggest catalyst, and Ripple has seen major strides in developments and partnerships since then.
Additionally, they recently acquired membership in the ISDA, which brings over $1 quadrillion in derivatives markets to Ripples' ecosystem. Keep in mind that for institutional investors or OTC sales, XRP is a security, but for retail investors, XRP is not a security.
With the ongoing shift from the DeFi trend toward utility tokens, OKB seems to have established itself. OKB's price action seems to benefit from this shift in investor sentiment, with an intraday price increase followed by the bullish news of OKB's partnership with Bware Labs.
OKB's token is up nearly 7% and is set up to reach a new all-time high. Trading volume increased by over 300% and shows an interesting turn, indicating that investors are rapidly selling their holdings and looking for more lucrative opportunities.
Technical analysis also shows a bearish picture for OKB, which supports many investors looking at other projects with more room for growth.
As the world's first co-ownership platform for vacation homes, Everlodge will bring the massive demand of the housing market to the Ethereum blockchain. Everlodge uses fractionalizing of assets to provide proof of ownership without bank approval.
Everlodge offers a unique opportunity for passive income with rewards, staking, and lending services. Additionally, the Everlodge ecosystem will include a marketplace and a launchpad. The fractionalized NFT will be tradable based on ELDG, the native token of the Everlodge ecosystem.
The smart contract is 100% audited by SolidProof. The total supply of the ELDG token is 800,000,000. The dedicated team is in the final development state of the user interface for all platforms, and with the upcoming listing on Uniswap and a major CEX, analysts estimate a potential 10,000% return on the Everlodge token.
Website: http://www.everlodge.io/
Telegram: https://t.me/everlodge
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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.
