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The evolution of the cryptocurrency industry continues, highlighted by Shiba Inu's recent drive to transition from a meme coin. While the development of the Shiba Inu ecosystem grows, Cardano has recorded a spike in the amount of staked ADA. Also, a new project, Everlodge (ELDG) has been gaining traction over its new model that could revolutionize the real estate industry.
Initially launched as a meme coin to challenge Dogecoin, Shiba Inu (SHIB) is currently undergoing evolution. With the recent launch of its layer 2 network, Shibarium, Shiba Inu is ready to transition into a fully blockchain ecosystem.
In just a week of its launch, the Total Value Locked (TVL) in Shibarium has surpassed $1.3 million. In the coming weeks, Shiba Inu will launch the BONE (WBONE) token, verify of smart contract, and migrate its ShibaSwap DEX to Shibarium.
With these events lined up, crypto experts are bullish about the Shiba Inu coin. Following its recent 5% rally, the price of Shiba Inu reclaimed the $0.000008200 resistance. However, crypto experts have predicted that the Shiba Inu price could reach $0.00001500 in the coming weeks.
The leading blockchain platform for development, Cardano (ADA), opened the week on a very bullish note. On-chain analysis shows that 88 million ADA tokens worth approximately $23 million were staked on the Cardano network on Monday.
As a result, the total percentage of the Cardano coin staked has increased to 63.43%. The report helped ADA bulls fiercely defend the $0.25 support level. Following this, the Cardano price rebounded on this level and proceeded to trade higher.
The bullish momentum pushed the ADA price as high as $0.2789 before facing rejection. Still bullish, Cardano will need to generate more momentum in the coming days for a move above the $0.2800 resistance.
A new project that has been gaining massive attention from investors over its new investment model is Everlodge (ELDG). Combining blockchain technology and NFTs, Everlodge introduces a new hybrid property co-ownership arrangement.
Most investors cannot afford to buy vacation homes due to the exorbitant cost. Everlodge is addressing this issue by issuing fractional non-fungible tokens (NFTs) backed by hotels, vacation homes, and luxury villas.
Titles, deeds, and ownership records for these properties will be digitized and distributed via blockchain. These properties will be issued as fractional NFTs, and because they can be divided on a blockchain investors can buy for as little as $100.
According to crypto experts, Everlodge's revolutionary co-ownership investment model could lead thousands into the real estate industry. With its revolutionary model, crypto experts have predicted that Everlodge's utility token, ELDG, could rally from $0.012 to as high as $0.5 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 on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
