The memecoin market is on the verge of a breakout, with Dogecoin and Shiba Inu leading the way. The two projects are expected to surge dramatically going into 2024, and have already offered significant returns over the last quarter. While analysts speculate how high they’ll go, Everlodge is soaring during its presale, selling out during seven stages in just a few months. Here’s why each project could surge over the next few weeks.
Doge-1 Satellite Triggers Dogecoin Price Rally
Dogecoin, the world’s number one memecoin, has almost doubled in value since the start of November. This rise was triggered by general market trends, and now the memecoin continues to rise despite many projects decreasing in value.
Over the last month Dogecoin’s value has increased by 26.27%, and the project is now trading at $0.09384. This increase has triggered a rise in Dogecoin activity on social media, which has only increased following a recent announcement from Elon Musk.
Musk announced that he plans to launch Doge-1 into space. Doge-1 is a satellite with the Dogecoin logo, and Dogecoin itself is expected to surge on launch day. While this increase may be temporary, it will continue to keep Dogecoin in the spotlight, attracting new investors who would have otherwise forgotten about the project.
Shiba Inu Looks To “Break The Internet”
The Shiba Inu ecosystem has experienced a strong quarter this year. The release of Shibariumand its 50 million transaction milestone has boosted the value of Shiba Inu, which is slowly becoming more than just a memecoin according to many experts.
Now, the Shiba Inu development team plans to take things one step further. Lucie, Shiba Inu’sHead of Marketing, recently shared a photo on X with a Telegram message from ShytoshiKusama, Shiba Inu’s lead developer. The caption of the message was “…Let’s break the internet.”
This message was referring to an upcoming announcement which has been teased by the Shiba Inu development team. However Shiba Inu’s value has remained relatively stable, with no major increases or decreases.
Is Everlodge On The Verge Of A Breakout?
With the crypto market continuing its bull run, the Everlodge presale is gaining momentum. Having just sold out during stage 7, experts predict that stage 8 could be Everlodge’s fastest selling round to date.
Everlodge is the world’s first DeFi platform for travel properties. Investors can use the Everlodgemarketplace to fractionally invest in luxury travel properties worldwide. These properties include luxury villas in Italy, holiday homes in the U.S. and even top hotels worldwide.
Everlodge uses NFTs to break down the value of a property, with each fractionalized NFT representing equity. For example, a $200,000 NFT could represent a 20% share in a $1 million villa. Investors can then buy fractions of this NFT for as little as $100.
Investors who buy NFTs will earn an income from the property they own, allowing investors to build a number of passive income streams from properties without needing to jump through traditional hurdles.
Investors who buy Everlodge tokens during its presale will not only be able to profit from future price increases, but will also be accepted into Everlodge’s private members club. Club members will earn free stays at Everlodge properties and will also earn several lucrative benefits as the project continues to develop.
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Source: https://cryptodaily.co.uk/2023/12/key-indicators-suggest-a-breakout-for-dogecoin-everlodge-and-shiba-inu-an-in-depth-look