Shiba Inu (SHIB) and Ethereum (ETH) have long stood as formidable crypto contenders. However, Everlodge (ELDG), with its innovative approach and real-world solutions, is positioning itself to challenge the status quo. As we enter what’s known as a “crypto winter,” could Everlodge be the hidden gem that experiences a price explosion?
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Shiba Inu (SHIB): Burn Rate Increases
Shiba Inu (SHIB) continues to make headlines, this time for the remarkable surge in its burn rate. After a recent exchange of trillions of Shiba Inu tokens by whales, the burn rate skyrocketed by an impressive 764%.
In other words, the SHIB community burnt 40M Shiba Inu coins on October 17th, leaving yesterday’s negative trend far behind. As the Shiba Inu price attempts to gain momentum, these burning activities signal growing interest in its long-term growth potential.
With such a surge in burning activity and an expanding community, experts are optimistic about SHIB’s outlook, with a projected price of $0.00001078 by December 2023.
Ethereum (ETH): Whales Hold 32.3% Available Supply
Ethereum (ETH) shows solid signs of bullish sentiment, with notable developments indicating growing confidence among whale investors. Data from Santiment reveals that Ethereum’s whale addresses now collectively control approximately 32.3% of the available supply.
This milestone marks the first time such a substantial ownership share has been seen since 2016, nearly seven years ago. As these whales consolidate their positions, it reflects a renewed trust and optimism in the Ethereum crypto.
Because of this, market analysts are looking positively toward the future. They predict the Ethereum price will reach $2,335.71 within Q4 of 2023.
Everlodge (ELDG): Could It Eclipse Shiba Inu and Ethereum?
Everlodge (ELDG) is quickly emerging as a presale sensation, and it might just eclipse the likes of Shiba Inu and Ethereum. In the current Stage 5 of its presale, early investors have already witnessed an impressive 100% ROI. Millions of ELDG tokens have been swiftly sold, showing the immense demand for this innovative property marketplace.
Everlodge’s groundbreaking approach to real estate sets it apart. Combining NFT and timeshare technology with fractional vacation home ownership will address long-standing issues within the real estate market. For instance, traditional real estate investments have traditionally been exclusive to the elite, but Everlodge aims to democratize access.
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Join the presale: https://t.co/kIufYkD05d#Presale pic.twitter.com/9yzt5hZhul— Everlodge (@EverlodgeHQ) September 26, 2023
The project’s strategy involves digitizing and minting luxurious properties as NFTs and then fractionalizing these NFTs. As a result, it enables virtually anyone to become a fractional owner of premium real estate properties worldwide for only $100. Moreover, as the property rises in value, so will the NFT.
When assessing the long-term growth potential, the ELDG token appears to be on a promising trajectory. Currently priced at just $0.02 in this stage of its presale, experts predict a 90% growth before its presale ends. This potential for a price explosion during a crypto winter is intriguing, as it might offer an alternative for investors looking beyond Shiba Inu and Ethereum.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Source: https://www.analyticsinsight.net/shiba-inu-shib-and-ethereum-eth-face-new-competition-will-everlodge-eldg-price-explode-during-the-crypto-winter/