Recently, two prominent tokens, Fantom (FTM) and Shiba Inu (SHIB), have faced challenges as they encounter a period of decline. However, amidst this backdrop, a new player, Everlodge (ELDG), has captured the attention of early investors with its remarkable returns potential. In this article, we'll look into the changing landscape of these tokens and explore the reasons behind their fluctuations.
Fantom (FTM) Slows Down
Fantom (FTM), once celebrated for its rapid growth and technological advancements, has recently faced a decline in its value. In fact, the Fantom price fell by 10.8% in the past 30 days.
This price drop occurred because SpiritSwap, a DEX run by Fantom, shut down due to the Multichain attack. Moreover, this bearish trend has continued as the Fantom crypto trades hands at $0.2397 with a market cap of $671M, down 0.24% overnight.
Additionally, both its moving averages and technical indicators display strong sell signals. Therefore, experts remain bearish for Fantom's short-term growth. They foresee it falling to its support level of $0.2098 soon.
Shiba Inu (SHIB) and Its Woes
One of the top meme coins - Shiba Inu (SHIB), has also experienced a loss in steam recently. Despite its widespread recognition and Shibarium launch hype, the token's price has faced downward pressure.
As a matter of fact, the Shiba Inu coin price now sits at $0.0000102, which is a fall of 1.06% in the past 24 hours. Moreover, this is a drop of 8% from its 7-day high of $0.00001119. We can also notice that its trading volume decreased by 14.87% overnight, plunging to $315,483,985. As this selling pressure mounts, further price decreases may appear.
Bears control Shiba Inu, as all technical indicators are also in red. It's crucial to remember that Shiba Inu must grow by an astounding 100,0000% before reaching $1. Thus, buyers looking for projects with more upside potential are currently sidestepping Shiba Inu.
Everlodge (ELDG) On a Remarkable Trajectory
Amidst the challenges faced by Fantom and Shiba Inu, a new contender, Everlodge (ELDG), has emerged with potential outstanding returns for early buyers. Everlodge (ELDG) will be a groundbreaking venture transforming the real estate sector by introducing fractional ownership and NFT technology to the property marketplace.
Benefits of Fractional Ownership
Everlodge offers a new way for individuals to invest in real estate by combining fractional ownership with NFT technology. Consequently, this fusion allows users to co-own luxurious hotels, vacation homes, and villas in an efficient and accessible manner.
The process begins by digitizing and minting them into NFTs. Afterward, they are fractionalized. In other words, you can become a partial owner of a luxury home on the blockchain for only $100. Also, as the property's value appreciates, the NFT's price increases. So this provides you with a direct stake in the potential gains of the real estate market.
ELDG - Powering the Ecosystem
The ELDG token lies at the heart of the Everlodge ecosystem, offering many benefits to holders, such as discounts, staking rewards, and more. One ELDG token is worth just $0.01, but remember that it is in Stage 1. When Stage 2 begins, its price will jump by 20% and reach $0.012.
In addition, analysts foresee a 280% price jump before its presale ends due to high demand. If you want free nightly stays in various luxury hotels in the Everlodge ecosystem, purchase the ELDG token before its value skyrockets.
Find out more about the Everlodge (ELDG) Presale
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