After its recent bull run, crypto experts believe that Bitcoin could soon experience a downturn. Some predictions suggest that Bitcoin could fall as low as $35,000, while most agree that $40,000 is more likely. Two investments that could be a good hedge against this decline are Decentraland and Everlodge. Both have experienced strong performances in Q4, and have the infrastructure in place to surge going into 2024.
Is Bitcoin’s Bull Run Slowing Down?
Bitcoin recently triggered the largest crypto bull market in 2023. Its value soared, hitting over $43,000 before its growth slowed. This recent surge has taken Bitcoin’s annual price increase to 155%, and Bitcoin’s daily trading volume has passed over $20 billion.
However, Bitcoin currently remains stuck below the $43,000 resistance level. During the last two weeks, Bitcoin’s price has fluctuated between $43,000 and $41,000, and now analysts predict that Bitcoin’s value is likely to fall. This decline will likely trigger a market-wide bear run, and consequently, investors are looking for opportunities to hedge their portfolios.
Decentraland Activity Could Surge After Cross-Chain Upgrade
Decentraland, one of the world’s largest Metaverse games, recently had a cross-chain upgrade to improve its user experience. The upgrade, implemented by Squid, will allow players to use Polygon and Ethereum within the Decentraland marketplace. By allowing a greater range of transaction types, Decentraland hopes to rebuild its user base.
Since this upgrade, Decentraland’s value has increased by 15%, and MANA is now closing in on $0.5, currently trading at $0.4936. While it’s too early to determine whether or not the upgrade was a success, early signs are looking good.
If Decentraland can successfully rebuild its player base, MANA’s value will increase significantly in 2024. However, given that Decentraland’s player base fell from 55,000 to 20,000 in 2023, not all experts are confident that the game will recover.
Everlodge Could Be A Great Bitcoin Hedge
While most altcoins follow market trends, Everlodge has performed in its own league in Q4. The exciting new DeFi marketplace sold out during 7 presale rounds, and is on track to offer returns of 280% by the time its presale is complete.
Everlodge is completely unique. It’s the first platform that lets everyday investors fractionally invest in the travel property market. Currently worth $82.63 billion, this market is growing at 4.7% annually, though is difficult for new investors to penetrate.
Now, using Everlodge, investors need just $100 to get started. After creating an account on the platform, they can purchase NFT fractions that represent equity in a property. Once purchased, they will generate an income based on how much of the property they own.
This lucrative new income opportunity is expected to be a game changer for investors, and could revolutionize how investors buy holiday homes. Rather than buying the property outright, they can diversify their portfolios, owning a percentage of several properties.
As its ecosystem grows, experts believe that Everlodge could see 30x returns over the next year, making its current token price of $0.027 a huge opportunity for early investors. In addition to price increases, token holders will also be granted discounts on properties, free stays (much like a timeshare), and much more.
With stage eight of the Everlodge presale quickly selling out, now is the perfect time to get involved before the price of ELDG tokens soars.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
