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Unlike the rest of the crypto market, Shiba Inu has seen more declines than other cryptos. Meanwhile, Ethereum has seen some improvements, reaching a new network milestone. Also, Everlodge has reached an important milestone in its journey to transform the real estate industry. Read on to find out more about these trends.
Join the Everlodge presale and win a luxury holiday to the Maldives
After more than three months of decline, the Shiba Inu coin has seen some price increase. While the SHIB price increase aligns with the recent uptrend in the crypto market, it also comes amidst an increase in the Shiba Inu whale transactions.
The number of large SHIB transactions has increased by more than 400%. After a movement of more than $32 million worth of Shiba Inu was recorded, a separate whale has gulped up 22.3 billion tokens. These accumulation trends hint at whales anticipating a future price increase.
Despite its recent increase, the Shiba Inu price has failed to turn the $0.00000700 resistance into support. However, analysts are still bullish about SHIB. They highlight that SHIB appears to have formed a multi-month bottom at $0.000006710. A break out from this level could see Shiba Inu trade as high as $0.00001000 before the end of Q4.
The popular crypto tracker, IntoTheBlock has reported new milestones for the Ethereum coin. According To IntoTheBlock, Ethereum has crossed 100 million addresses with a non-zero balance. This hints at an increase in the adoption of ETH.
In addition, there has been a rise in the number of Ethereum whales. Santiment has reported that for the first time since July 16, whale addresses (holding over one million ETH) now account for 32.3% of Ethereum's total supply.
Like Shiba Inu, this increasing accumulation hints at a potential increase in the price of Ethereum. Already, the Ethereum price has cleared the critical $1,600 resistance level. If the Ether manages to hold this support level in the coming weeks, its price could increase further. In the short term, analysts have forecasted a rally to $1,850 for Ethereum.
Everlodge is an emerging property marketplace that seeks to transform the vacation rental sector. To achieve this, Everlodge will collaborate with renowned luxury hotel chains and property developers. After choosing properties, they will be tokenized and listed on the marketplace as NFTs.
These NFTs will be fractional, allowing investors to purchase smaller shares of any chosen property starting at only $100. In addition, the Everlodge ecosystem will feature a Launchpad. Here, property builders will pitch their projects to get money, and people who invest can join in on projects when they are just starting.
Others include the Rewards Club and Lending program. Members of the reward club win free nightly stays across all the properties and hotels listed on the Everlodge ecosystem. They can also resell these free nights to generate a passive income.
To get access to these features, members need to hold the Everlodge token, ELDG. At this time, ELDG trades at $0.023 per token in its sixth presale stage. However, crypto analysts have predicted that its value could rise to $0.50 before the year ends.
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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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.
