Shiba Inu has recorded a resurgence in burn activity after a drop-off in October. Things are different with Dogecoin, with experts reporting a bullish foundation being formed.
Meanwhile, investors have turned their attention to Everlodge, a new project reshaping real estate investment.
Shiba Inu Burning Has Surged, Will SHIB Follow?
The Shiba Inu cryptocurrency recorded a drop off in its burn activity for October. However, in November, on-chain data has shown a 1,400% increase.
According to the data, over 115 million SHIB tokens were destroyed in the process as part of its deflationary mechanism. Unfortunately, the Shiba Inu price has failed to break much higher than the $0.00000800 resistance level.
Some crypto analysts believe that SHIB could break above the aforementioned resistance and climb as high as $0.00001000. However, some experts forecast a price as high as $0.000012500 before the year ends.
Expert: Dogecoin Price Building ‘Bullish Foundation’
Although Dogecoin has retained its top meme coin position, its price has been on the decline in 2023. However, DOGE has formed a “bullish foundation,” according to a top analyst, Crypto Tony.
He explained that the Dogecoin price has established support above its 50-day EMA on the daily time frame. In addition, DOGE has broken out of a long-term descending trendline. Crypto Tony explained that DOGE could experience a “trigger pump.”
According to Crypto Tony, DOGE’s value could target the $0.090 level in the short term. Other analysts have predicted that in the long term, DOGE could form a new all-time high. Ali Martinez predicted that the price of Dogecoin could reach $1 in the next bull market.
Everlodge (ELDG) Set To Redefine Real Estate Investment
Everlodge has gained massive attention from investors after unveiling its goal of wanting to reshape real estate investment. Investors currently need over $20,000 to participate in the co-ownership of luxury vacation properties. The aim of the project is to reduce that figure to only $100.
To achieve this, Everlodge has put forward a hybrid co-ownership model using NFT fractionalization. Properties like hotels, vacation homes, and luxury villas will be tokenized and minted as NFTs. Fractions of these NFTs will represent shares in the properties.
Each of these shares will be available as low as $100, making property investment available to everyone. Everlodge will use smart contracts to securely store property ownership details. In addition, your NFTs can be sold or used as collateral to obtain loans.
The connection to the $280 trillion real estate industry has been one of the major reasons why Everlodge has been highly rated in the crypto space. According to experts, it could become the next blue-chip project. Investors have a chance to join the project early now ELDG trades at $0.023.
For more information about the Everlodge (ELDG) Presale, you can visit their website or join their community here.
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