Morgan Stanley, a major investment bank, has announced that the upcoming Bitcoin (BTC) halving will likely trigger a new bull market in 2024.
This suggests the price of Bitcoin could rise significantly, lifting many altcoins as well. Altcoins that may benefit from this rally include Shiba Inu, BNB, and Everlodge.
Everlodge: the Web3 marketplace for real estate
Shiba Inu and BNB are not the only tokens expected to profit from the Bitcoin halving. Analysts are also pointing to a newer token, Everlodge (ELDG), as a potential outperformer in 2024. Why? Global tourism has been recovering since pandemic restrictions eased, and interest in property-backed investments is growing.
Traditional real estate investing typically requires substantial capital, keeping many potential investors out of the market. Everlodge aims to lower that barrier by using blockchain technology to turn real properties into NFTs that can be fractionally owned. These tokenized property shares make real estate accessible to a broader audience.
Anyone can buy these property-backed NFTs for as little as $100, and their value tends to appreciate alongside the underlying properties. Because these NFTs represent fractional ownership of real assets, they often carry more intrinsic value than many ordinary collectible NFTs. Meanwhile, the Everlodge native token ELDG has seen sharp gains, rising from $0.01 to $0.23—a jump of more than 100%.
Everlodge’s token price is expected to continue rising as the presale progresses.
For more information on the Everlodge (ELDG) presale, you can visit their website or join their community on Telegram.
Shiba Inu moves toward self-sovereign identity for holders
The Shiba Inu (SHIB) team is developing a new feature that will allow SHIB holders to manage digital identities. Developer Kaaldhairya mentioned the project in a comment on October 28, describing plans for a digital identification system for SHIB holders.
Details remain limited, but a 72-hour countdown preceded a major reveal scheduled for October 31. The new feature, referred to as Self-Sovereign Identity (SSI), is intended to increase decentralization and strengthen the Shiba Inu ecosystem.
Implementing SSI could attract more investors and have a positive long-term impact on Shiba Inu’s price. The SHIB token passed $0.00000803 in October, and some analysts have forecasted a rise to $0.00003360 in 2024.
BNBChain launches a multi-signature wallet service
BNBChain has rolled out a new wallet service called BNB SafeWallet. Built on the Gnosis Safe protocol, the wallet operates across Binance Smart Chain and opBNB. According to BNBChain’s announcement, this launch marks a significant step toward improving security across the BSC network.
The multi-signature BNBChain Safe wallet gives users a secure option for storing digital assets. Binance Coin (BNB), the native token of BNBChain, has experienced large gains recently as market conditions improved. BNB broke out of consolidation and reached $229.25 on October 30.
Analysts are closely watching the BNB token and many expect further upside. Some forecasts project BNB reaching $310 in 2024, driven in part by positive momentum from the Bitcoin halving. With bullish expectations mounting, investors are increasingly looking for where to buy BNB tokens.