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In 2023, several cryptocurrencies have risen to prominence due to their unique features and potential for growth. Among these standout options are Shiba Inu (SHIB), Litecoin (LTC), and Everlodge (ELDG). As the crypto market prepares to rally, these cryptos have been projected to experience major price rallies.
Over the last few weeks, the Shiaarium launch of Shiba Inu (SHIB) has been one of the most talked-about events in the market. Now only days away, the layer 2 network is helping to turn the bearish trend of the market bullish for the Shiba Inu coin.
Shibarium is considered the first step towards adding more utility to Shiba Inu. To back this up, a member of the Shiba Inu team has announced that over 100 projects are building on the network. In addition, the Shiba Inu has been intensifying over the last few days.
With a reduction in token supply and the addition of utility to the network, crypto experts are bullish about the price of Shiba Inu. Experts have predicted that the price of Shiba Inu could increase by 20%.
The Litecoin (LTC) price action showed massive volatility following the August 2 halving event. Many investors were disappointed when the Litecoin price quickly fell below critical support levels. Although there were predictions of a bullish reversal for LTC from these lows, the necessary buying momentum has yet to materialize.
Furthermore, current on-chain activity indicates that, while investors are quietly stacking up LTC coins, the potential gain may be limited to $85. At the time of this writing, the Litecoin price stands at $77.3, showing potential for a 10% rally to $85.
Regardless of the bearish trend in the crypto market, the latest Everlodge (ELDG) announcement has revived interest in the timeshare business. Everlodge has announced the creation of the world's first blockchain property marketplace for fractional ownership of vacation homes.
The timeshare sector has assisted thousands of investors in acquiring holiday real estate through shared ownership. Everlodge, on the other hand, would allow even more investors to participate by lowering the entry threshold to as little as $100.
Everlodge will use fractional NFTS to mint the titles, deeds, and ownership information of hotels, vacation homes, and luxury villas on smart contracts. These NFTs will be fractional, allowing investors to purchase and own fractions of the properties for as little as $100.
This new project has gotten a lot of attention because of its original features and potential for rapid expansion. At the time of writing, Everlodge's utility token, ELDG, is in the beta stage of its presale and trading at $0.010. With the potential that Everlodge has demonstrated, crypto experts predict a price surge of $0.3 price before the end of the year.
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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.
