The cryptocurrency industry is waiting impatiently for the Securities and Exchange Commission (SEC) of the United States to rule on seven top applicants who want to start a Bitcoin ETF. How will established tokens like Shiba Inu (SHIB), Binance Coin (BNB), and the newcomer Everlodge (ELDG) react to this news? Keep reading to explore the implications of this delay and what the future may hold for these digital assets.
Shiba Inu (SHIB)
Shiba Inu (SHIB), the meme coin that took the crypto world by storm, has seen tremendous growth and popularity. With an enthusiastic community, Shiba Inu has been trying to establish itself as more than just a meme.
A successful Bitcoin ETF approval could open the doors to institutional investment, providing a more robust foundation for Shiba Inu’s long-term growth. While the delay may have momentarily paused the Shiba Inu coin aspirations, the potential for a brighter future remains.
In fact, with the recent Shibarium bridge relaunch being a success, Shiba Inu’s interest has been on the rise. As a result, experts predict the Shiba Inu price sitting between $0.00000946 and $0.00001078 by the end of 2023.
BNB (BNB): The Resilience of a Crypto Giant
BNB (BNB) has been a well-known name in the crypto industry. Despite regulatory scrutiny, Binance continues to adapt and evolve. For example, introducing daily calls and contracts tied to BNB on Binance Options highlights its commitment to innovation.
These “T+3” daily contracts provide traders greater flexibility, complementing the existing range of BNB options. With Binance being one of the largest and most influential cryptocurrency exchanges globally, the BNB coin’s close association with the platform positions it favourably for sustained growth and adoption.
While a Bitcoin ETF decision could impact BNB’s trajectory, BNB will continue to thrive, even in the face of uncertainty. Therefore, analysts predict the BNB price will surge to $307.41 by December 2023.
Everlodge (ELDG): Innovating Amidst Regulatory Challenges
Everlodge (ELDG), an up-and-coming player in the blockchain space, seeks to revolutionize the real estate market. Its innovative approach to fractional property ownership and blockchain technology positions it as a disruptive force in the industry.
To clarify, Everlodge will build a unique property marketplace where luxurious hotels and villas will be digitized and minted into NFTs. Not only that, Everlodge then fractionalizes them. Thus, anyone can become a fractional owner of a property on the blockchain for just $100.
The delay in the Bitcoin ETF decision allows Everlodge to refine its offerings and build a resilient foundation in the face of evolving regulations. Everlodge is offering its native token, ELDG, for only $0.016 as it is in Stage 2 of its presale.
Holding this token will bring access to free nightly hotel stays, staking rewards, and discounts. With millions of ELDG tokens sold, these benefits are enticing. Additionally, unlike Shiba Inu and BNB, Everlodge has a lower market cap of $5.7. Meaning it will surge much faster. Therefore, experts foresee a 191% rise to $0.035% before its presale is over.
Find out more about the Everlodge (ELDG) Presale
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