The crypto world is full of investment opportunities. However, hype-based projects carry a high risk. Therefore, investors are moving away from meme coins like Shiba Inu (SHIB) and Floki (FLOKI).
On the other hand, a project with real-world asset-backing, Everlodge, has started dominating the market from the very first day of its presale launch. Its presale is about to raise more than $12 million during the presale.
Join the Everlodge presale and win a luxury holiday to the Maldives
Shiba Inu Burns More Than 1 Billion SHIB
Shiba Inu (SHIB) is one of the most talked-about meme coins. However, the reasons for Shiba Inu (SHIB) being in the news have been different. Earlier, Shiba Inu (SHIB) had been flying high due to the massive hype around the Shibarium mainnet launch.
But after a network outage marred the launch event, Shiba Inu (SHIB) started witnessing a steep drop in its price. Subsequently, Shiba Inu’s (SHIB) price has plummeted by around 6% in the past week.
At press time, Shiba Inu (SHIB) is changing hands at $0.00000815. Meanwhile, to prevent its price from dropping further, Shiba Inu (SHIB) has increased its burn rate to create inflationary pressure. As per the data from Shibburn, Shiba Inu has burned over 1 billion SHIB tokens in the past 24 hours.
More Than 90% Of Floki (FLOKI) Holders Are Making Losses
Floki (FLOKI) has not been able to escape from the clutches of bears for the past many weeks. Over the last month, the price of Floki (FLOKI) has plunged by 21%. Consequently, the trading price of Floki (FLOKI) has plunged to $0.000017.
Thus, it has caused a panic in the Floki community, as investors are considering shedding their FLOKI tokens. The latest data from IntoTheBlock has further increased the FUD (fear, uncertainty, and doubt) around Floki (FLOKI). It shows that over 90% of Floki (FLOKI) holders are out of money.
Everlodge (ELDG) Presale Set To Make History
A research report has indicated that the global real estate market has surged to $3,976 billion in 2023, from $3,694 billion in 2022. Due to this massive growth potential, real estate investment remains a hot topic. Aiming at altering the landscape of the hospitality industry, Everlodge has designed a disruptive blockchain platform.
It will soon launch a Web3 platform to serve as a real estate marketplace. The platform will assist people in investing fractionally in hotels, vacation homes, and luxury villas. It is a state-of-the-art platform that combines NFT technology with vacation home ownership.
It will create NFTs against vacation properties. Thereafter, it will break the NFTs into factions to make them purchasable by retail investors. Thus, the platform will encourage the co-owning of real estate properties. As a USP, these NFTs will have the backing of real estate properties. Thus, it will protect their prices from declining in the event of market downfall. Users can also utilize these NFTs as collateral for loans.
ELDG is the native crypto of the platform, and its holders will get several benefits such as reduced trading fees, discounts on purchases, staking rewards, and holiday giveaways, among others. The token’s presale phase is in the Beta stage, and its current market price is $0.012.
The platform has decided to release 800 million ELDGs, and just 480 million will be available during the presale round. Market pundits believe that the platform’s market value will increase by 280% during the presale round, and 3000% upon the launch.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Source: https://www.analyticsinsight.net/can-shiba-inu-shib-and-floki-floki-survive-this-bearish-phase-everlodge-eldg-sets-path-for-the-next-market-bull-run/