In the ever-exciting crypto industry, Shiba Inu, Toncoin, and Everlodge are becoming the centre of attention. The extended crypto winter has seen the price of SHIB drop to a critical level. Meanwhile, Toncoin has fostered a partnership with Alibaba while Everlodge is creating a platform to democratize timeshares investment.
Summary:
- The Shiba Inu price drop continues, reaching a new low at $0.000006810.
- Toncoin partners with Alibaba to foster the growth of the network.
- The ELDG token is at $0.02 per token, preparing for a 20x price surge.
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Shiba Inu Price Drops To a Critical Level
Despite the hype in August when Shibarium launched, the Shiba Inu coin is now facing a serious challenge. Its price has dropped significantly, reaching around $0.00000683. This is now close to the lowest point SHIB has traded this year.
The price of Shiba Inu is at a crucial point. If SHIB’s price falls below its yearly low, it could trigger panic selling with heightened stop-loss orders. This could see the Shiba Inu price drop further and test the $0.000006500 support level.
However, new developments or partnerships could generate momentum for price recovery. Already the Shiba Inu team has hinted at a new partnership and AI project. When the project is finally unveiled, it could serve as a catalyst for the Shiba Inu price.
Toncoin Collaborates With Alibaba
The TON Foundation has announced that they will be teaming up with Alibaba Cloud to improve its network performance. As part of the collaboration, the Toncoin network will set up 256 servers for a performance test scheduled for October 31, 2023.
The aim is to make the TON blockchain the fastest in the world and earn a spot in the Guinness Book of World Records. The TON blockchain has been growing rapidly since 2022. It now has 20 times more users and 350 validator nodes spread across 25 countries.
Ton, the Toncoin native token, is currently priced at $2.00, retracing from its September high of $2.60. With this collaboration, the Toncoin value could further increase. Bulls will be looking at the $2.2 level as a resistance to be broken for its uptrend to continue.
Everlodge To Democratize Timeshare Investment
Timeshares is one of the fastest-growing sectors in real estate, valued at $4.55 trillion as of 2023. However, with an average investment of $22,000, only a few individuals have been able to enter the industry. Everlodge is looking to change the narrative with the world’s first blockchain property marketplace.
Everlodge is disrupting the timeshares by operating a new hybrid property co-ownership model. This model will enable its community members to co-own multi-million dollar vacation homes from as little as $100. This low barrier of entry will democratize timeshare investment.
This will be achieved by blending timeshares with Web 3 and NFTs. The platform will digitalize hotels, vacation homes, and luxury apartments. On each NFT, the ownership details of the property will be stored. Users will browse the marketplace and choose any property they wish to invest in.
The ecosystem also includes a launchpad, a lending protocol, and a rewards club. This exciting combination is expected to lead to huge increases. The ELDG token is currently priced at $0.02 per token in its fourth presale stage. Experts say ELDG could increase by 40x by the end of 2023.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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