Morgan Stanley bullish on Bitcoin halving; Shiba Inu, BNB, and this new token could soar

Morgan Stanley bullish on Bitcoin halving; Shiba Inu, BNB, and this new token could soar

By News Team - min read

Morgan Stanley, a big investment bank, has just stated that the upcoming Bitcoin (BTC) halving will likely trigger a fresh bull market in 2024. 

This means that the price of Bitcoin could go up significantly and so will other altcoins. Altcoins that could benefit from this rally include Shiba Inu, BNB, and Everlodge.

Everlodge the first web3 marketplace for real estate trade

Shiha Inu and BNB crypto are not the only tokens that can benefit from the Bitcoin halving. One new token that analysts believe will see more gains in 2024 is the Everlodge token, ELDG. Why? You might ask. Global tourism has been growing since the end of the Covid-19 lockdown. 

Because investing in real estate requires a significant amount of money upfront, only a few wealthy individuals have joined the industry. Everlodge is here to assist and promises to make property investment simpler. They’ve harnessed blockchain technology to turn real estate into NFTs, which can be split into smaller parts. 

Just so you know, anyone can buy these NFTs for as little as $100. Furthermore, the value of these NFTs rises as the properties appreciate. Additionally, these NFTs have more value than regular ones. During this time, the value of its token, ELDG, surged by more than 100%, going from $0.01 to $0.23.

Everlodge’s price is expected to continue increasing as the presale proceeds. 

For more information about the Everlodge (ELDG) Presale you can visit their website or join their community here.

Shiba Inu moves towards self-custody of assets

The Shiba Inu (SHIB) team is working on a new feature to allow SHIB coin holders to manage their identity. A Shiba Inu developer, Kaaldhairya, mentioned the news in a comment on October 28th. He talked about a digital ID system for SHIB coin holders. 

Meanwhile, Shiba Inu developers haven’t shared all the details yet. However, they are counting down 72 hours to the big reveal on October 31st. This new feature, called Self-Sovereign Identity (SSI), is expected to make SHIB more decentralized and make the Shiba Inu ecosystem stronger.

Also, this would attract more investors and affect Shiba Inu’s price in the long term. The Shiba Inu coin price crossed the $0.00000803 level in October. Analysts have noted that Shiba Inu’s value will rise to $0.00003360 in 2024.

BNBChain launches multi-signature wallet service

BNBChain has introduced a new wallet service called BNB SafeWallet. This wallet uses the Gnosis Safe protocol and works on both the Binance Smart Chain and opBNB. According to BNBChain’s blog post, this launch is a big step in making the BSC network more secure. 

Besides, the BNBChain Safe multi-signature wallet service offers users a safe place to store their digital assets. BNBChain’s native token, Binance Coin has seen huge gains lately. It has broken out of its consolidation phase and increased to $229.25 on October 30th.

Currently, analysts have looked at the BNB token. They have forecasted that BNB price will increase to $310 in 2024, soaring on Bitcoin’s halving event. Given the bullish predictions, investors are now looking for where to buy BNB.