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Dogecoin Continues Downward Spiral, Shiba Inu and Everlodge Skyrocket

24 August 2023
in SHIBA
Reading Time: 3 mins read
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Dogecoin Continues Downward Spiral, Shiba Inu and Everlodge Skyrocket
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Dogecoin (DOGE) continues its downward spiral while Shiba Inu (SHIB) and Everlodge (ELDG) achieve soaring success. As such, Shiba Inu and Everlodge’s allure of significant profits beckons to savvy investors. In this article, we will explore the highs and lows of these tokens and which one has the potential for more significant returns.

Join the Everlodge presale and win a luxury holiday to the Maldives

Dogecoin (DOGE): Increasing Selling Pressure Results in Decline

Despite Dogecoin’s (DOGE) recent decline, its dominance within the memecoin ecosystem and the broader crypto landscape hasn’t been under much scrutiny. After all, it is the pioneering memecoin and the 7th largest coin in terms of market capitalization.

However, a shift in market sentiment has led to Dogecoin experiencing a surprising descent. This came as a result of soaring selling pressure, with varying factors responsible for the exodus.

According to reports, Dogecoin’s recent market turbulence is due to the need for a higher return on investment. With Dogecoin having less room for growth, investors are exploring alternative investments by selling their Dogecoin investments. Nevertheless, Dogecoin’s current struggle doesn’t spell doom, as it is expected to rally later in the future.

Shiba Inu (SHIB) Exerts Its Dominance With an Incredible Surge

Shiba Inu (SHIB) is currently living up to its billing as the “Dogecoin killer.” Amidst Dogecoin’s value plummeting, Shiba Inu is carrying the entire memecoin ecosystem by surging. The shift in sentiment toward Shiba Inu hints at a shift in dynamics, with Shiba Inu poised to become the face of memecoin.

Further, this surge in Shiba Inu has seen it become the 11th largest token by market cap in the broader crypto market. Meanwhile, Shiba Inu’s remarkable trajectory has cast the spotlight on it, with savvy investors positioning for another wave of volatility.

Its current rally highlights its increasing dominance in the crypto market, making investments in it compelling and promising.

Everlodge (ELDG): An Alternative Altcoin for Immense Profits

Everlodge is another token creating buzz within the crypto market, particularly in the presale niche. Its novelty in the crypto market, while riding on strong fundamentals and innovative utility, has created huge enthusiasm within the crypto community. As a result, the overwhelming participation in its presale comes as a little surprise.

The surge of this project and its appeal highlight the growing trend of tokens that prioritize both profit and innovative utility. In terms of growth, the token is expected to soar by 4,000% after its launch. On the other hand, during its presale, which is currently in the beta stage at $0.01 per token, almost 300% will be enjoyed by presale investors.

The above highlights why Everlodge is an opportunity you shouldn’t pass up. In addition, besides its astounding growth potential, its unique fundamentals is a key object of attraction. This revolves around its upcoming blockchain-based marketplace that combines fractional vacation home ownership with timeshare and NFT technology.

By employing NFT and its fractionalization, users can co-own properties and luxury villas on the marketplace for as little as $100. Additionally, property-backed NFT can be used as collateral to obtain loans.

With ELDG riding on strong fundamentals and tangible utility, it will soar even harder as its presale continues and after its launch. By simply becoming an early investor, you stand to benefit from its growth, which is projected to be immense.

 

Find out more about the Everlodge (ELDG) Presale

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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