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Dogecoin (DOGE) and Cardano (ADA) have been navigating the tumultuous waters of the crypto market, with DOGE maintaining a neutral stance amidst market turbulence. In contrast, ADA has seen a substantial decline, recording a price range of $0.50 – $0.47 in the past week.
Meanwhile, Everlodge, a new entrant, has seen a price rally up to the end of its presale, already locking in about 190% ROI for early investors, as it lives up to its promises to be the best crypto to buy in the real estate niche. Let's delve into the details of the current positions of these coins and their future projections.
The overall outlook for Dogecoin (DOGE) suggests a neutral position while the price remains in proximity to the 200-Day EMA of $0.0726. While bulls and bears are currently locked in a challenging struggle, there is a lack of clarity in the present direction.
In the period up to mid-December 2023, Dogecoin cryptocurrency maintained a positive trajectory after breaking out of consolidation in October 2023. During the same period, in December 2023, Dogecoin cryptocurrency achieved its highest price point at $0.10, marking a 70% increase from a previous low of $0.072.
However, a selling trend has emerged since the start of 2024, bringing the DOGE token close to the 200-Day EMA. Given the persistent fluctuation, both short-term and long-term trends for Dogecoin appear uncertain, characterized by a period of consolidation.
For context, the 50 and 200-Day EMAs on the daily chart serve as significant support and resistance levels. The breakthrough or breakdown of these crucial EMAs could have a decisive impact on the future direction of DOGE price movement.
In recent times, top crypto coin Cardano (ADA) has experienced a significant decline. According to CoinMarketCap, the Cardano price declined by nearly 4% from $0.50 to $0.47 within the past week. Concurrently, its market cap also declined by nearly 3% from $18.48 billion to $17.14 billion.
However, the sentiment surrounding this altcoin is still optimistic, with 24 technical indicators displaying positive signals. Furthermore, ADA token is currently trading above its 100 and 200-day EMA between $0.36 and $0,41s.
Analysts in the market consider these factors when formulating their predictions for Cardano's price. Therefore, they anticipate a rise to $0.54 sometime in March 2024 for this DeFi coin.
As a web3 platform, Everlodge (ELDG) enables investors to engage in real estate investments by acquiring fractional ownership in properties that have undergone digitization. This innovative process involves the conversion (i.e. minting) of real world assets (RWA) such as real estate properties into NFTs, whilst offering them to potential buyers for an entry investment as low as $100.
By owning a certain percentage of these properties, investors can establish side hustles by leasing out their properties for rent. The Everlodge ecosystem will additionally include a marketplace, a rewards club, a launchpad, and a lending platform, providing investors with opportunities to execute various transactions and stake their assets.
As part of these measures, there will be extra incentives for the holders of the ELDG token, the platform's utility token. This erc20 token will earn holders trading discounts and low fees for asset maintenance.
These digital assets have been soundproofed by unique timestamps and digital identities, preventing identity theft and manipulations. Meanwhile, Everlodge has recently completed its presale campaign where it successfully locked in 190% ROI for early investors. After pricing from its initial $0.01 to $0.029 at the end of its presale.
Analysts project a 30x when the project officially launches as it will also be listed on tier-1 exchanges. With the real estate industry estimated to be worth $280 trillion, Everlodge certainly remains one of the best crypto to invest in.
For more information about Everlodge (ELDG) please visit their website.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
