Cathie Wood of Ark Invest predicted that Bitcoin (BTC) could surge to $600,000, and enthusiasts began accumulating this crypto.
Ethereum (ETH) also climbed above the $2,000 price range for the first time since April amid renewed interest. Everlodge (ELDG) is also making waves as it entered Stage 7 of its presale. To see how far each crypto can climb, we will be going over them individually.
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Bitcoin (BTC) to Spike to $600,000 According to Ark Invest CEO
Cathie Wood, CEO of Ark Invest, made a bold prediction that Bitcoin (BTC) can see a major price upswing to $600,000.
Wood discussed the potential of Bitcoin and the broader digital currency market, putting attention to an upcoming launch of new digital asset ETFs. This will take place through Ark Invest in collaboration with 21Shares. Moreover, Wood went over the anticipated approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC).
During the past week, the BTC crypto saw an upswing from $35,266.34 to $37,903.66. Now, the cryptocurrency corrected to around $37,100.
Ethereum (ETH) to Break Above $3,200 in Q1 2024
Ethereum (ETH) has climbed above the $2,000 price barrier during the week. At the time of this writing, the cryptocurrency is trading at slightly above $2,000.
There has been an increased euphoria surrounding the crypto, especially after the filing of the first Ethereum spot exchange-traded fund by global leading asset manager BlackRock.
As for the recent price performance, Ethereum saw an increase of 25% in the past 30 days. The crypto went up in value from $1,913.93 to a maximum point of $2,128.61.
Everlodge (ELDG) to Democratize the Real Estate Market
Aside from Bitcoin and Ethereum, another crypto to watch is Everlodge. This is an upcoming real estate marketplace that is being developed to enable anyone globally the opportunity to access the otherwise illiquid market. The platform will make it accessible through fractional NFT ownership.
Each property will get digitized and then split into smaller pieces worth just $100 each. This way, enthusiasts will be able to diversify their holdings whilst also retaining benefits.
As the property increases in value, the NFT could climb as well. Moreover, they can get rental income from properties, depending on their ownership percentage. ELDG is the native crypto, and it can be staked for passive income.
During Stage 7 of the preamble that just started, the crypto trades at $0.025.
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