The post Why The Recent THORChain and Kaspa Downtrend Presents An Opportunity For Everlodge appeared on BitcoinEthereumNews.com.

After a strong performance in November, both THORChain and Kaspa have faced price declines over the last week. This has caused a decrease in trading volume for both projects as investors look to diversify their portfolios. However, this downtrend is a big opportunity for Everlodge, one of the DeFi markets fastest growing presales. Here’s why. Kaspa’s Growth Slows After 1550% Rally In 2023 Kaspa has taken the crypto market by storm in 2023. Its value has soared by 1574% to $0.1195, putting Kaspa on the radars of investors worldwide. During its price increase, Kaspa hit a market cap of $3.2 billion, and is now ranked the 27th largest cryptocurrency by market cap. Should Kaspa continue on its current trajectory, crypto analysts speculate that Kaspa could break into the top 10 crypto rankings. However, the project has faced a sharp decline over the last week, decreasing in value by 14%. This is one of the steepest declines Kaspa has faced in 2023, and has created doubt amongst some investors. THORChain Is Down 11% In December Much like Kaspa, THORChain has experienced rapid growth in 2023. Its value has increased by over 300% and THORChain is now ranked the 37th largest cryptocurrency by market cap. On its current trajectory experts predict that THORChain could break into the top 30 ranked cryptocurrencies by the end of Q1, which would be a huge milestone for the project. However, THORChains growth has slowed over the last week. After passing $6, THORChain experienced a price decline of 11.17%, taking the project back to $5.80. Nonetheless confidence in THORChain remains high with the project hitting over $350 million in daily trading volume. Could This Decline Be An Opportunity For Everlodge? As THORChain and Kaspa lose their momentum, Everlodge is thriving and has sold out during its latest…

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Filed under: News - @ December 12, 2023 9:12 am