Shiba Inu Burning Surges, but Will SHIB Follow?
The Shiba Inu cryptocurrency experienced a drop-off in burn activity in October. However, on-chain data for November shows a significant increase of 1,400%.
During this period, over 115 million SHIB tokens were burned as part of its deflationary mechanism. Despite this, the price of Shiba Inu has struggled to break above the $0.00000800 resistance level.
Some analysts believe that SHIB has the potential to surpass this resistance and even reach as high as $0.00001000 or $0.000012500 by the end of the year.
Dogecoin Price Builds ‘Bullish Foundation’
While Dogecoin has maintained its position as the top meme coin, its price has been declining in 2023. However, according to top analyst Crypto Tony, DOGE has established a “bullish foundation.”
Crypto Tony explains that Dogecoin’s price has found support above its 50-day EMA on the daily timeframe and has broken out of a long-term descending trendline. This could potentially lead to a “trigger pump” for DOGE.
Analysts predict that in the short term, DOGE could target the $0.090 level, while others believe it could eventually reach a new all-time high of $1 during the next bull market.
Everlodge (ELDG) Redefines Real Estate Investment
Everlodge has caught the attention of investors with its goal to reshape real estate investment. The project aims to make co-ownership of luxury vacation properties accessible to more people by reducing the required investment from over $20,000 to just $100.
To achieve this, Everlodge has introduced a hybrid co-ownership model using NFT fractionalization. Through this model, properties like hotels, vacation homes, and luxury villas will be tokenized and minted as NFTs, with each share representing a fraction of the property.
Shares in these NFTs will be available for as low as $100, making property investment more accessible. Everlodge will utilize smart contracts to securely store ownership details, and the NFTs can also be sold or used as collateral for loans.
With its connection to the real estate industry, experts believe Everlodge could become a prominent project in the crypto space and potentially a blue-chip project. Investors have the opportunity to get involved early as ELDG trades at $0.023.
Hot Take: Everlodge Revolutionizes Real Estate Investment
Everlodge is disrupting traditional real estate investment by introducing a hybrid co-ownership model using NFT fractionalization. This innovative approach allows investors to own fractions of luxury vacation properties for as low as $100. By tokenizing these properties as NFTs and utilizing smart contracts, Everlodge ensures secure ownership and offers flexibility in selling or using the NFTs as collateral. With its potential to reshape the $280 trillion real estate industry, Everlodge is positioned to become a significant player in the crypto space. Early investors have the opportunity to join this groundbreaking project while ELDG trades at $0.023.
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