The crypto market has been thrown into commotion as two heavyweights, Dogecoin and Tron lose price gains. Meanwhile, analysts have forecasted more price gains for Everlodge.
Will Dogecoin (DOGE) Drop To $0.05?
The meme coin craze returned in October as Bitcoin’s price surged to $35,000. Even Dogecoin (DOGE) joined in on the action as it pumped 19.2% in two weeks and reached $0.0693. However, the momentum died down in November. As of November 3rd, the Dogecoin token dropped to $0.067073.
Nevertheless, Dogecoin’s cost showed a monthly gain of 9.6%. Likewise, Dogecoin’s market cap and trading volume have dropped. Meanwhile, crypto expert, Rekt Capital, has sounded an alarm about the potential decline of Dogecoin.
Rekt Capital argued that Dogecoin’s recent price movement is in a channel and could drop to $0.053. However, there is a bit of hope for Dogecoin in Rekt’s analysis. According to him, Dogecoin must cross above the channel’s top to maintain its price gains. In such a scenario, the price of Dogecoin could pump to $0.08134.
Tron (TRX) TVL Soared To $7.916 Billion
Tron (TRX) was one of the tokens that saw minimal price drops during the crypto crash in June. The token was an outlier but faced bearish pressure in 2023. Sadly, Tron dropped to $0.084 on October 15th. However, Tron regained its momentum towards the end of October as the market rally gained traction.
During the period Tron’s price jumped by 14.2% to hit $0.096, even crossing the $0.1 mark. This increase in Tron’s TRX price is also thanks to TRON’s growing ecosystem. On October 16th, the number of users on the Tron network crossed 190 million, a major milestone.
In addition, data from DefiLlama showed that Tron’s TVL increased to $7.916b. However, CoinMarketCap data showed that the Tron crypto price dropped to $0.098 on November 3rd. In addition, Tron’s market cap and trading volume have plunged, a sign of low interest among investors.
Can Everlodge (ELDG) Compete With Dogecoin and Tron?
Dogecoin and Tron have come a long way in the crypto space. However, new tokens like Everlodge are looming to unset these giants with new features and use cases. Everlodge (ELDG) has big plans to shake up the real estate world. They had been working on something exciting: turning real estate assets into NFTs.
But, how will this benefit people including those in the lower class, you may ask? These Everlodge NFTs will be split into smaller pieces. This means that even if you don’t have a lot of money, you can still own shares in luxury properties. You can invest in these properties for just $100.
Hey, Lodgers! 🏡
Do you know? 🤔
With $ELDG, enjoy the warmth of passive income, monthly surprises, and exclusive club access.
Plus, who can resist sweet discounts?Dive into a token that feels like home. 💙
Join the presale: https://t.co/kIufYkD05d#Presale pic.twitter.com/9yzt5hZhul
— Everlodge (@EverlodgeHQ) September 26, 2023
Furthermore, all the important property documents are safely stored in the NFTs’ smart contracts. Hence, you don’t have to worry about losing them. Furthermore, Everlodge has plans to launch a Rewards Club where you can earn free nights that you can later sell for extra cash. The only catch is that you’ll need Everlodge tokens to join this club.
Luckily, these tokens are up for sale and cost just $0.023 each. Experts have predicted that ELDG tokens would increase by 52% and reach $0.035 before the presale ends. This makes it a great time to invest in the next best crypto in the market.
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