ApeCoin and Bitcoin Plummet to New Lows, but Everlodge Defies Gravity with Incredible Rally!

Bears are in full control of ApeCoin (APE) and Bitcoin (BTC), and may remain so for a while. Fortunately, Everlodge is in a stable position during the presale as the price turns bullish.

ApeCoin (APE) Gives Conflicting Signals to Investors

On-chain metrics are used to determine the health of crypto tokens. However, ApeCoin’s (APE) metrics and technical indicators have been confusing. However, the price graph shows clear bearish dominance. Though ApeCoin (APE) managed to gain in mid-August, bears are back in control. The token’s price has been below the $1.8178 mark for more than two weeks.

Furthermore, ApeCoin (APE) lost 24.35% in the last 30 days. The token is $1.38 at press time after crashing by 7.47% in a day. In fact, ApeCoin (APE) managed to lose its gains from the previous day’s rally. The continuous downward movement minimized ApeCoin’s (APE) chances of recovery. The token’s price may even fall to $1 in the coming days.

Moreover, whale investors are moving from ApeCoin (APE) to find better tokens to increase their profits. However, analysts say ApeCoin (APE) has something to look forward to despite the gloom. The token can still push for recovery if bulls don’t give up. This will also depend on how well Bitcoin (BTC) manages to get back to $30K.

Bitcoin (BTC) in Control of Bears

Though Bitcoin (BTC) is still the number one cryptocurrency in the market, it has been through a rough phase. Bitcoin (BTC) rose to $28K towards the end of August. The entire crypto market rallied as bulls took over. However, things are back down with bears back in action. Bitcoin (BTC) also lost its gains, and is hovering at $25,995.71, at press time.

While the trading volume is up by 39.35%, Bitcoin’s (BTC) market cap has decreased by 4.62% in the last 24 hours. As expected, the US Department of Labor released the latest data earlier this month. The Initial Jobless Claims have come down from 232,000 to 228,000. Analysts say this could positively impact Bitcoin’s (BTC) price.

However, Bitcoin (BTC) may not stop its decline. Bitcoin (BTC) could fall further if it loses the support level at $25,900. Both RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicate bearish movement. Furthermore, Bitcoin (BTC) is still in the sell zone. Losing the support level could push Bitcoin (BTC) to $25,400, or even $24,800.

Everlodge (ELDG) to Rally by 30x on the Launch Date

Everlodge will combine AirBnB and Web3 to facilitate co-ownership of vacation properties. It aims to disrupt the vacation home industry by digitizing properties as NFTs, and fractionalizing them. The platform will enable users to buy and sell their share of vacation properties through the ecosystem’s marketplace.

It will also allow users to leverage their NFTs as collateral to get loans without middlemen. Furthermore, Everlodge offers free nightly stays at vacation properties co-owned by users. For example, a user with 10,000 ELDG tokens can get a free week stay per year at the vacation home they co-own. The user can redeem the reward, or sell it to others.

Statistics show that vacation rental projects are expected to generate revenue of $19.3 billion in 2023, in the US alone. The market has tremendous growth potential, which will benefit Everlodge investors in the long run. Moreover, there’s no buy or sell tax on the tokens. With each token priced at just $0.018, it’s the right time to diversify the investment portfolio.

Find out more about the Everlodge (ELDG) Presale

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