According to a senior government official, India is not leaning toward an outright ban on cryptocurrencies. Instead, the country is actively discussing formulating a comprehensive regulatory framework with other nations. How will this impact these popular༺ tokens - Shiba Inu (SHIB), Cardano (ADA) and Everlodge (ELDG)?
Shiba Inu (SHIB): Riding the Regulatory Wave
As India takes steps toward regulatory clarity, cryptocurrencies like Shiba Inu (SHIB) could benefit. Also, recent data from WazirX, one of India's leading cryptocurrency trading platforms, has reveal♋ed that Shiba Inu climbed to become the fifth most traded cryptocurrency on their exchange in July.
This surg💙e in trading activity shows the growing interest in the Shiba Inu coin among Indian investors. As India continues to navigate its evolving regulatory landscape, cryptocurrencies like Shiba Inu could become a preferred choice for those looking to explore the world of digital assets.
Due to all these reasons, experts remain bullish for🔴 Shiba Inu. In fact, they forecast that the Shiba Inu price will reach $0.00001078 by the end of 2023🌌.
Cardano (ADA): Building on a Solid Foundation
Cardano (ADA), known for its focus on scalability, sustainability, and interoperability, could find a welcomi𒁃ng environment in India's evolving regulatory landscape. The project's commitment to research-driven development and its emphasis on compliance align well with India's direction.
In recent Cardano news, Strica introduced a groundbreaking feature called Warp Transactions. This feature aims to sim🐷plify token transfers by addressing the issue of transaction fees, which has been a concern for many blockchain users.
As India moves closer to regulating cryptocurrencies, Cardano's commitment to technological advancements could position it fav🎉orably in the Indian market. Ther൲efore, experts foresee the Cardano price being $0.37 by December 2023.
Everlodge (ELDG): Unlocking Real-World Use Cases
Everlodge (ELDG) positions itself as a blockchain project with a strong emphasis on real-world utility. If India adopt𒐪s regulations encouraging blockchain innovation and integration, Everlodge's ability to connect real-world assets to the blockchain could gain significant traction.
In other words, Everlodge will introduce a property marketplace where real-world luxurious villas and vacation homes will be digitized and minted into NFTs. Also, these NFTs are then fractionalized. Therefore, this market worth $280T will no longer be accessible only to the wealthy few. Instead, anyone can become a fractional owner for prices as low as $100.
Additionally, real estate investments are typically illiquid, with funds tied up in properties for extended periods. Everlodge introduces liquidity to the market by enabling users to trade their property-backed NFTs on secondary markets. Th💎is newfound liquidity a🐬llows investors to react quickly to changing market conditions.
Currently, the ELDG native token, which provides staking rewards and discounts to holders, is worth only $0.016. But this is a Stage 2 presale price and as it advances, more price hikes are coming. Thanks to its low market cap, ELDG may even surge faster than Shiba Inu and Cardano - with experts predicting a 280% rise before the presale ends.
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