Published
4 months ago on
November 28, 2023
Table of Contents
- Is Dogecoin going to make you rich?
- Or will Shiba Inu win the race?
- Everlodge will leave the dogs in the dust
Memecoins like Dogecoin and Shiba Inu have made millionaires, but for every successful memecoin, there are 10,000 failed ones. Another route is to take a new project with a great concept and buy it while it's still in presale. And that’s what is exciting about Everloge.
Is Dogecoin going to make you rich?
Dogecoin remains a top 10 token by market cap, with a valuation approaching $10 billion.
Early viral hype cemented a thriving community and 2021's mania catapulted prices before gravity reasserted itself. Nonetheless, Dogecoin boasts exceptional adoption metrics like four million holders and Reddit channels with millions of subscribers.
Celebrity endorsements from the likes of Elon Musk and Snoop Dog also bolstered Dogecoin's staying power. And this led to 2021’s 10x price explosion. Though it has since surrendered 85% to sub-$0.10 levels, this could represent a potential bargain buy for risk-tolerant investors.
Upside potential exists if enthusiasm resurges and Dogecoin revisits its $0.70 peak. Of course, predicting crypto market cycles is speculative and outcomes are unpredictable. And even if the bull market is now underway, there’s no guarantee that Dogecoin will reach $0.70 again.
Or will Shiba Inu win the race?
Unlike Dogecoin, Shiba Inu is continuously developing and reinventing itself, starting with the ShibaDex which launched in 2021, and most recently their blockchain the Shibarium.
Shiba Inu's layer-2 scaling solution Shibarium has seen impressive increases in usage over the past day. According to team updates, the platform's daily transaction count spiked 50% to over 43,000, up from around 29,000 on the day before.
This continues an upward adoption trend for Shibarium, which recently surpassed four million total transactions since its launch. The platform now supports over 1.2 million wallet addresses.
The increased on-chain activity comes amidst a price rebound for the native Shiba Inu token. After hitting recent lows below $0.000008, SHIB has risen back above $0.0000082. Additional upside could see resistance near $0.000009, with a break above that psychologically important threshold potentially bringing further momentum.
Various burning and staking initiatives also continue building fundamental value for long-term SHIB holders. Over 12 million tokens were burned in the past day across five transactions.
As Shibarium gains steam among users attracted to its speed and low fees compared to the Ethereum mainnet, it could bring increased utility for the broader Shiba Inu ecosystem. More dApps launching on the platform may increase its transaction volumes and user base over time, pushing up the price of Shiba Inu.
Everlodge will leave the dogs in the dust
It's clear that Shiba Inu is the more interesting choice for investors, and both coins are likely to rise in a bull market scenario. But for those ready to take a risk on a speculative investment, it makes a lot more sense to pick a coin that has a real-world use case and much more room for growth.
Everlodge is an upcoming property investment platform, with a holiday rental-based business model. Whether bull or bear market, property always goes up in the long term, and people always want to go on vacations. But ordinary investors often don’t have the capital required to make these investments. And even if they do, they might hesitate to put everything into one specific area or property.
With Everlodge, vacation properties are tokenized on the blockchain as NFTs. They will then be offered to their community in fractions, meaning that investors can get started with just $100. They will be able to build a portfolio of properties around the world and receive rental income.
The ELDG is the native token that underlies the ecosystem and is used for various things including marketplace discounts, maintenance fees, governance rights, staking and more. ELDG is in presale which means that it currently costs $0.025 per token, and will continue to rise until it reaches $0.01 at which point it will go live on exchanges.
Given the popularity of real-world assets on the blockchain, experts predict that the coin will go up by a further 30x upon launch, and perhaps higher as the platform gains traction.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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