Crypto analyst DonAlt, who has over 500,000 followers on X, informed them that Litecoin (LTC) could soon see a major decline of 80%. As a result, they have begun to diversify. Out of the many altcoins available, Shiba Inu (SHIB) and Everlodge (ELDG) have seen the most attention. Today, we will go over each crypto to see how far they can spike during the year.
Shiba Inu (SHIB) recently saw a major upswing, especially following the launch of its Shibarium Layer-2 solution. According to the official scanner, the network saw 3,727,500 transactions in total with 1,259,232 wallet addresses, proving to be a significant success. Shiba Inu's interest has jumped as a result.
Currently, the Shiba Inu market cap is at $4,647,453,628. During the past week, it moved in value from $0.00000732 to $0.00000810. Based on the current Shiba Inu price prediction, $0.00001078 will be its maximum point of value by the end of 2023.
According to crypto analyst DonAlt, the Litecoin (LTC) crypto might decline soon. Based on his on-chart analysis, LTC could soon decrease by 80%. Historically, each time Litecoin underwent a halving occasion, it has declined. This occurred in 2015 and then in 2019, as well. However, this would bring its value down to just $12.
The Litecoin trading volume jumped 12% in the past 24 hours. Moreover, during the past week, its price jumped from $66.35 to $70.89 during the past week. It's up 25.3% in the past year. As a result, while the Litecoin price prediction puts it at $12 if it breaks down in value, other analysts project a climb to $105.02 at launch.
Aside from Shiba Inu and Litecoin, another crypto that gained significant attention is Everlodge. This is a real estate marketplace that will completely change the dynamics surrounding making investments in luxury homes and villas.
Traditionally, the market was not liquid and was locked only to the elite. However, Everlodge will democratize it through the usage of blockchain technology.
Each property will get minted as an NFT and then fractionalized. This will enable anyone the opportunity to diversify their holdings through co-owning properties that will provide them with value. Specifically, instead of buying an entire NFT worth millions, investors can buy a fraction of it at $100 whilst retaining the benefits.
As the property increases in value, the NFT fraction will increase as well. As it gets rented out, investors can get passive income. ELDG is the native crypto used for staking and governance. During Stage 6 of its presale, it trades at $0.023, but it can rise by 30x at launch, especially after its listing on Tier-1 CEXs.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.