If the Shiba Inu price predictions are looking gloomy, where can we find the true innovation needed to capitalize on the bullish market? EOS and Everlodge have some of the answers.
Shiba Inu’s Technical Analysis Looks Bearish
According to a price prediction by FX Empire, all may not be as good as it seems with Shiba Inu, despite its recent tech and community-focused developments.
While Shiba Inu’s price has trended up this month, whale interest seems to be fading based on declining large transaction volume on chain – down 93% from early November peaks. This suggests institutional investors are pivoting away from SHIB.
Less Shiba Inu whale activity removes a key liquidity buffer that helps stabilize prices. So Shiba Inu could struggle to sustain upside momentum ahead. Initially, Shiba Inu bulls need to defend the $0.000077 support level. A breakdown below opens the door for a larger correction targeting the $0.000006 zone.
So between fading big money interest and chart signals hinting at a rally running on fumes, opportunistic Shiba Inu traders may want to lock in some gains before the bears grab control.
For those looking for more truly innovative projects than Shiba, they might be better off considering EOS and Everlodge.
The Case for Being Bullish on EOS
One of the reasons to be excited about EOS is that their founder has vision and experience. And that’s why EOS is getting involved in all the hottest areas of crypto.
Yves La Rose is a veteran blockchain builder. He founded the EOS Network after a decade in crypto. And now, he’s excited about real-world assets – things like real estate or oil – getting tokenized on chain. La Rose points to a report by BCG Capital saying asset tokenization will be a multi-trillion dollar market by 2030. This isn’t a totally new idea. But he says governments are now getting into blockchain technology themselves.
La Rose highlighted that places like Hong Kong and Thailand are exploring using RWA for selling land or airdropping tokens. In the past, industries usually had to battle politicians to get good regulations for crypto. However, governments today are starting to see and leverage the potential of blockchain and cost savings.
In other news for EOS, they recently teamed up with a Japanese payments startup called PassPay. The idea is to let PassPay build its digital wallet and online checkout services on top of the EOS blockchain. As part of it, they even issued the first ever stablecoin for the Japanese Yen that has government approval to run on a public chain.
The Case for Being Bullish About Everlodge
As EOS’s La Rose explained in this video, tokenized real-world assets are going to be some of the largest and most important use cases for crypto. And companies that use them, such as Everlodge, are going to be the first to benefit.
Everlodge uses tokenization to offer fractional real estate to their community. Through this, people will soon be able to co-invest in various properties around the world and receive an income from the rented properties.
This means that ordinary investors can also enjoy the benefits of RWA and easily invest in things that would previously have been too expensive, too difficult, or prohibited due to credit checks.
Currently, ELDG is in presale at $0.027, with some experts predicting at least a 40x from the current prices. ELDG has lots of utility in the Everlodge ecosystem and, if La Rose’s enthusiasm is correct, then it could be one of the first tokens to skyrocket because of RWA.
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The post Shiba Inu (SHIB) Price Prediction suggests Eos (EOS) and Everlodge (ELDG) are a safer bet: Here’s Why appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/shiba-inu-shib-price-prediction-suggests-eos-eos-and-everlodge-eldg-are-a-safer-bet-heres-why/