The cryptocurrency market is a place of constant intrigue, with fast-changing trends and prices. In this article, we'll delve into two significant developments: the anticipation of a Shiba Inu (SHIB) resurgence by whales and the growing interest in Everlodge (ELDG) spurred by the recent decline in Cardano's (ADA) price.
While the crypto market looks to stabilize from the recent downtrend, whales are anticipating a rally for the Shiba Inu coin. In a week, whales have bought SHIB tokens worth more than $44 million as they predict a major rally.
The increasing acquisition from whales follows the launch of Shibarium and the increasing Shiba Inu burn. These developments all seek to add more utility to the meme coin ecosystem and push for a major price increase.
Many crypto experts support a potential rally for the price of Shiba Inu. Although the recent bear market has caused the meme coin to drop to $0.000007336 in September, many market analysts believe the Shiba Inu price can end the year as high as $0.00001500.
One of the hardest hit by the recent crypto market decline has been Cardano (ADA). Despite the ADA price beginning the year on a 70% price rally, the altcoin has lost all its gains from 2023.
The decline in the price of Cardano can be linked to the DeFi slump and SEC classification concerns. From its 2023 high of $0.455, the Cardano coin has dropped to lows of $0.230 – its lowest trading value in 2023.
However, reacting at this level, the ADA price has reacted positively, rallying above the critical $0.2500 support level. For a bullish trend to begin, the price of the altcoin will need to stay above this price level for the next few days.
The decline in the price and DeFi activity of the Cardano network has led to a surge in interest in Everlodge (ELDG). Investors are hyped about Everlodge as a project poised to revolutionize the real estate industry with its unique model of shared ownership for vacation homes.
Everlodge has garnered recognition for building the first blockchain real estate marketplace to employ fractional ownership of properties. Using fractional NFTs, Everlodge aims to allow individuals with limited resources to engage in real estate investment. Investors will be able to co-own these luxurious houses for as little as $100.
In conjunction with well-known luxury property developers and hotel chains, Everlodge will pick luxury homes, hotels, and vacation homes that will be listed on its platform. These innovative features have the potential to alter how people interact with the real estate market.
According to crypto experts, the Everlodge project can integrate hundreds of thousands of people into the real estate market. With this, crypto experts are predicting up to a 20x price surge for its utility token, ELDG, before the year ends. As a result, Cardano and Shiba Inu investors are stacking up the ELDG token now it still trades at $0.016 per token.
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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