Dogecoin (DOGE) has made a name for itself as a popular 'memecoin'. But as we look at the 2024 market, it's worth questioning whether the real-world utility of cryptos like Monero (XMR) and Everlodge (ELDG) can outshine these internet sensations. Notably, Everlodge has recently grown 99% in its presale phase, suggesting a movement towards real-world utility may be underway.

Dogecoin (DOGE) 2024 Price Prediction

Dogecoin may be one of the oldest memecoins in existence, but no rival has yet managed to take its throne. Its faithful community and endorsements from Elon Musk continue to keep it relevant, but what can we expect from Dogecoin in the future?

Dogecoin's price performance is largely based on speculation from retail traders during peak bull runs. There is no utility or real-world application for the coin, nor does it have any supply cap to control inflation. These factors make it difficult to predict its future price with any certainty.

However, there are rumors that Musk will implement Dogecoin as a form of payment for his companies, such as Tesla and X. Then there is the Doge-1 Moon Mission, which will see a physical Dogecoin coin traveling to the moon in 2024.

Such moves could potentially see the Dogecoin price pump from the current price of $0.083 above the resistance zone sitting between $0.10 and $0.11. Breaking above this resistance could result in Dogecoin hitting $0.15 in 2024.

It's worth noting that Dogecoin also faces competition from new memecoins, particularly those launched on Solana, which are easy to buy with small amounts of money and offer higher potential gains. BONK and WIF are two new dog memecoins that could steal attention away from Dogecoin in the future.

Everlodge (ELDG): A New Investment Horizon Beyond Memecoins

While Dogecoin and other memecoins primarily thrive on market speculation, Everlodge  (ELDG) is building a real-world use case for its token. The project aims to transform the real estate market by enabling fractional investment in luxury properties like hotels, vacation homes, and villas.

This fractionalization is made possible via NFTs (non-fungible tokens) backed by physical real estate assets. Everlodge users will be able to purchase small fractions of high-value properties to earn rental income, capital appreciation, and the satisfaction of being a part-owner of exotic real estate.

Such utility and real-world applications set Everlodge apart from other cryptocurrencies, making it a more legitimate investment option. It's easy to see why the ELDG token price has grown by 190% to $0.029 during the ongoing presale event.

These presale buyers aren't simply planning to flip their money, as the ELDG token comes with added benefits such as discounts, rewards, and voting rights for the platform's future development. It can even be staked for additional passive income and free nightly stays at Everlodge properties.

The current price of $0.029 will keep rising as each presale round sells out, with further gains expected when the token hits exchanges and more users discover its potential. Industry analysts can foresee the ELDG token rising by 30x on the official launch day alone.

Monero's (XMR) Stability Amidst the Hype-Driven Market

Monero is the leader in privacy-focused cryptocurrencies and has real-world utility for anonymous transactions. Monero uses stealth addresses, ring signatures, and bulletproofs to mask sender and receiver identities.

However, there is little to no hype surrounding Monero, and the asset rarely makes headlines like Dogecoin does. The relative stability of Monero's price reflects this lack of attention from retail traders, with a current price of $161.

Another concern for Monero holders is the consistent delisting from exchanges due to regulatory concerns. Binance is now threatening to remove all privacy coins from its platform due to the currencies making it hard for regulators to track the flow of money.

The Monero chart shows that the $175 – $185 resistance zone is the first hurdle for buyers to overcome in 2024. Breaking this zone could see Monero hit $500 in the next few years, but this depends on regulatory developments and market sentiment toward privacy coins.

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