Shiba Inu (SHIB) is one of the most popular meme coins, which recently underwent a huge update with the release of the Shbarium Layer-2 network. On the flip side, Binance Coin (BNB) hit its annual low, worrying many investors.
As a direct result of both of these events, they are now diversifying. Everlodge (ELDG) is one of the most high-ROI altcoins to capture their attention with a 35x projected growth. Today, we will look at all three projects individually to see how far they can spike.
Summary
- Shiba Inu to reach $0.00001078
- BNB can reach a maximum point of $266.93
- Everlodge to spike 35x at launch
Join the Everlodge presale and win a luxury holiday to the Maldives
Can Shiba Inu (SHIB) Experience a Rally?
With the launch of Shibarium, a Layer-2 protocol that serves the role of being a scaling solution for the blockchain network to allow quicker and cheaper transactions, many expected the Shiba Inu (SHIB) crypto to increase in value.
However, despite these fundamental advancements, the Shiba Inu (SHIB) crypto has failed to attain any positive price actions during the year and is down 34%. With this in mind, many are now trying to speculate if the Shiba Inu price is nearing the bear market bottom or if the $4.7 billion meme coin can lose even more value.
During the build-up period towards the Shibarium launch, the Shiba Inu crypto rallied 89% within the span of the month. Many speculated that this might be the need for the bear market for its community, as the price had retracted over 90% from it’s all-time high. However, when the launch was botched, with the network overloaded and millions trapped within the bridge tool, it decreased again. This caused a 35% sell-off. However, analysts are still bullish on its future and believe it can recover. According to the Shiba Inu price prediction, the crypto will reach $0.00001078 by the end of the year.
The Future of Binance Coin (BNB) After Recent Dip
The Binance Coin (BNB) crypto fell to a yearly low at $202. Since then, however, it has been moving higher, and the price could rise toward the $230 resistance or even the $235 soon. The BNB price is now trading at around $217, and the crypto’s market cap is still at $33,455,507,656, making it the fourth largest in the industry.
There is a concerning bearish trend line forming with resistance near $224, however, and the BNB crypto could gain bullish momentum upon peaking above $225.
However, if BNB fails to clear the $225 resistance, it could start another decline. Initial support for the downside is near the $214 level. According to the BNB price prediction, it can reach $266.93 by the end of the year.
Everlodge (ELDG) to Spike 35x
Investors worried about the future of Shiba Inu and BNB are diversifying with Everlodge. This is a new project that’s currently undergoing its presale period. Crypto aims to improve DeFi by allowing people to invest in the co-ownership of luxury holiday properties on a global scale.
In addition to that, each investor will also get rental income proportional to their owned share. They can also benefit from the property’s appreciation, and their share will also increase.
This is achieved through a process where Everlodge digitizes villas and hotels into NFTs. They can then be fractionalized and sold on the platform’s marketplace or on any third-party marketplace that supports the token standard.
ELDG is the native token, and it’s used for governance and staking rewards. Holders can also get complimentary stays in the catalog of properties available.
If they do not want to use them, they can always sell them as well for even more capital. During Stage 1 of the presale, the token trades at $0.012. Analysts project that the crypto can spike by 35x at launch, providing massive ROI.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Source: https://www.analyticsinsight.net/investors-eye-everlodge-after-the-bearish-performance-of-shiba-inu-shib-and-bnb/