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Price Prediction of Solana and Tron, Rising Coin Attracts Attention in the Crypto Space

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Solana and Tron, two top cryptocurrencies in the industry have weathered the latest crypto market storm. Despite their recent gains in Uptober, analysts have forecasted more gains in the coming months. On the other hand, the crypto community is moving towards a new coin called Everlodge. Its staking and lending services have captured the attention of the crypto community.

Solana (SOL) Inflows From Institutional Investors Increases 

Solana (SOL) has experienced remarkable growth this year, with its native Solana token rising 465% since the start of 2023. Interestingly,  Solana has garnered attention from institutional investors, amassing over $135 million in investments this year.

As reported by CoinShares, digital asset investment funds witnessed a combined influx of $176 million in the past week. In their most recent report, CoinShares disclosed that the weekly investment flow into Solana-related products witnessed a notable uptick

It rose by about 10% from $12.4 million to $13.6 million. Meanwhile, Solana’s price is trading at the lower part of the $52.92 to $67.50 range. Solana coin has recorded 18 green days out of 30 with a 25.06% price volatility over the last 30 days. Traders and crypto enthusiasts are expecting a strong break above $60 and then $70.

Tron (TRX) Price Prediction 

Tron (TRX) was one of the few coins that maintained a bullish price trajectory for the most part of 2023. The Tron market cap has grown to $9.0 billion, making it the tenth-largest coin. In addition, the Tron price has recaptured the psychological level of $0.10.

Furthermore, with a year-to-date growth rate of 100.3%, Tron’s TRX has established itself as a top-performing coin. Tron’s price is currently trading in the $0.100928 to $0.106316 range, according to CoinMarketCap.

Tron coin seems to have a solid footing, poised to remain above the $0.10 threshold. On a more positive outlook, Tron cryptocurrency could skyrocket to the $0.15 milestone. Conversely, in the event that bears seize control, the next support level to monitor stands at $0.’085.

Analysts Bullish About Everlodge (ELDG)

In addition to Solana and Tron, analysts are also bullish about Everlodge (ELDG). Everlodge is an upcoming marketplace that aims to transform villas and hotels into fractional NFTs traders to purchase at a lower cost. Importantly, the value of these NFTs is linked to the properties they represent.

So, as the property’s worth increases, the value of your NFT holdings grows as well. Furthermore, Everlodge has plans to introduce a lending feature for traders in need of quick loans. You can use your NFT assets as collateral to get fast loans, something that is not possible with traditional banks.

As of now, the ELDG token is priced at just $0.025. Analysts predict a 3,000% increase in ELDG’s value as a result of its practical applications in the $280 trillion real estate business. Everlodge has a lesser market capitalization than cryptocurrencies such as Solana and Tron. This increases the likelihood of major price growth.

Everlodge has also launched a Christmas Meme Contest to increase community participation. The contest will be concluded on December 4th. Participating in the contest provides you with an opportunity to win exciting prizes with no entry fee.

Visit Everlodge

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Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: info@ethnews.com Phone: +49 160 92211628