Bloomberg Analysts Bullish on the Approval of Spot Bitcoin ETFs: Shiba Inu, Pepe, and New Coin To Rise

The post Bloomberg Analysts Bullish on the Approval of Spot Bitcoin ETFs: Shiba Inu, Pepe, and New Coin To Rise appeared first on Coinpedia Fintech News

Spot Bitcoin ETFs continue to cause traction in the crypto space as the crypto community awaits the US SEC’s verdict. Bloomberg analysts are positive that the SEC will approve all spot Bitcoin ETFs on its desk. As a result, analysts have picked Shiba Inu, Pepe, and a new coin called Everlodge to skyrocket after the launch.

Join the Everlodge presale and win a luxury holiday to the Maldives

Shiba Inu (SHIB) Burn Rate Explodes 47,000%

Shiba Inu (SHIB), the cryptocurrency with a Shiba dog theme, has regained popularity in the cryptocurrency world. On November 21st, the Shiba army bought a large amount of Shiba Inu tokens.

According to data from Shibburn, Shiba Inu’s burn rate skyrocketed by 47,872%. Over 28.12 million Shiba Inu coins were burnt. Aggressive token burning is a deliberate effort by the SHIB community to reduce the token’s supply and create scarcity.

The Shiba Inu coin has traded at the $0.00000819 to $0.00000908 price range. The price of Shiba Inu has fallen by 3.5% in the past week despite the high burning rate. Nevertheless, analysts have forecasted a price growth to the $0.0000100 region.

Pepe (PEPE) Sees Huge Attention From Crypto Whales

Pepe coin (PEPE) and other leading meme coins have shown impressive strength over the last month. Recent data shows that crypto whales are responsible for the price uptick. According to IntoTheBlock, whale investors with 10 trillion to 100 trillion PEPE tokens, have played a prominent role. 

Between November 12th and November 20th, they accumulated over 94.1 trillion tokens. However, Pepe had failed to sustain the upward trend. Looking at the Pepe price chart, Pepe crypto dropped 7.1% in the past week from a high of $0.00000128 to a low of $0.00000110. 

This price drop has affected the Pepe market capitalization as it plunged 2%. Notwithstanding, analysts are still bullish on $Pepe as they cited the upcoming launch of a Bitcoin Spot ETF. In this scenario, the price of Pepe could rise to the $0.000002 mark.

Can Everlodge (ELDG) Outperform Shiba Inu (SHIB) and Pepe (PEPE)?

While Shiba Inu and Pepe have seen price drops, Everlodge (ELDG) has survived the ongoing market sweep. Everlodge is among the tokens that analysts have picked to see exponential growth once the SEC approves a spot Bitcoin ETF. Everlodge is an emerging Web3 marketplace where users can buy, sell, or own real estate properties. 

Everlodge’s strategy is to convert these properties into NFTs. This project seeks to make real estate property ownership more accessible to a broader range of people. Aside from real estate properties, the platform includes a launchpad, a rewards club, a marketplace, and a loan platform. 

Your NFTs can be used as collateral on the lending platform to secure loans. The rewards club, on the other hand, provides users with complimentary stays at various properties and hotels. The number of free stays you can enjoy through the rewards club is determined by your level of activity. Interestingly, you can sell these complimentary nights to generate additional income.

You have the opportunity to purchase Everlodge tokens for only $0.025 each. Currently, the platform is hosting a Christmas Meme Contest, which will conclude on December 4th. Traders are encouraged to create festive memes featuring the Everlodge spirit. There will be attractive prizes of $500 in ELDG for first place, $300 in ELDG for second place, and $200 in ELDG for third place.

Find out more about the Everlodge (ELDG) Presale:

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge