Shiba Inu Price Corrects, Can it Recover? Dogecoin and Everlodge Uptrend Continues
The post Shiba Inu Price Corrects, Can it Recover? Dogecoin and Everlodge Uptrend Continues appeared first on Coinpedia Fintech News
Shiba Inu (SHIB) has declined in value, according to the weekly technical indicator, by 10%, leading many to diversify their holdings with other cryptocurrencies. The largest meme-coin by market cap, Dogecoin (DOGE), is up 25% on the weekly chart and could soon initiate a rally.
The presale-stage project Everlodge (ELDG) also caught significant attention, as it brings AI predictions to the $82.63 billion global vacation rental market and can completely change the dynamics of how traders enter the industry. We will go over all of these cryptocurrencies to see just how far they can spike.
Dogecoin (DOGE) Gets Moved by Whales – Is $0.14 Realistic?
Dogecoin (DOGE) recently saw an upswing of 25%, according to the monthly chart, with the weekly gains being at 7.2%. Crypto whales have also begun to move the coin, as a wallet moved 300,000,000 of the Dogecoin crypto, worth $25,033,123. This whale transferred the cryptocurrency to Robinhood.
As a result, the on-chart activity behind the Dogecoin crypto also spiked, with its trading volume moving towards $736,838,579, and its market cap is now at $11,935,633,600. During the past week, DOGE moved from $0.076524 to a maximum value of $0.086448. According to the Dogecoin price prediction, it can spike to $0.14 in the upcoming months.
Shiba Inu (SHIB) Price Corrects – How Long Until It Recovers?
Shiba Inu (SHIB) has recently price corrected and saw a total decrease of 10% based on the weekly chart, worrying a lot of its holders. The decrease was contained within a descending resistance trend line. The line caused a lot of rejections, with three occurring in November alone.
It did, however, also create upper Shiba Inu wicks, which are signs of selling pressure within the industry. Now, bulls have an advantage over Shiba Inu, as the RSI reading is above 50, and the trend is heading upward.
According to the on-chart data, the crypto moved from $0.00000806 to $0.00000857 before getting back down. Based on the most recent Shiba Inu price prediction, it can reach a maximum value of $0.000009 by the end of 2023, indicating that the recovery phase will come quickly.
Everlodge (ELDG) Introduces AI to $82.63B Global Vacation Rental Market
While Shiba Inu attempts to make a recovery, and Dogecoin could initiate a new rally, many are eyeing the Everlodge cryptocurrency as it will bring AI-drive technology to the $82.63 billion global vacation rental market. This is an upcoming real estate marketplace that will provide anyone access to become a co-owner of properties worth millions of dollars. It will do this by minting each property as an NFT, after which it will fractionalize them into smaller pieces, all of which are worth just $100 each.
Rental properties will still provide users with passive income, and the NFTs will grow in value in parallel to the growth of the actual properties. An innovative feature of the platform will be its AI tool, which will be accessible to all token holders. It will monitor and scan all of the global property prices across all territories.
This way, anyone can access up-to-date snapshots of a specific region where the property market can experience an upswing and diversify their property portfolio accordingly. During Stage 7 of the presale period, ELDG is offered at just $0.025. At launch, analysts project a price upswing of 35x.
For more information, please visit the Everlodge website.
Filed under: Bitcoin - @ December 6, 2023 10:22 am