Q1 Price Forecast: Worrying Signs for BNB (BNB) and Maker (MKR)

Amid the ever-changing price movements in the crypto market, past market events have shown that tokens are just one twist away from changing trajectory. The price charts of BNB (BNB) and Maker (MKR) are such cases of sudden twists amid signs of a bear trend. Meanwhile, Everlodge has continued its impressive run since the start of its presale. This article analyzes the above tokens to determine the best crypto to invest in now for short and long-term gains.

Everlodge (ELDG) Set to Introduce Coin Staking as Project Garners Momentum

As more investors buy into the Everlodge (ELDG) presale, the platform itself is set to introduce a new feature into the ecosystem. Everlodge's official X account recently announced plans of opening $ELDG staking soon. This development will give ELDG holders the opportunity to make extra passive income from Everlodge.

While the Everlodge project is already a popular investment alternative among investors, the staking news will boost the token's presale even further. With up to 18 million ELDG presale tokens already sold, more investors are coming into the project. Unlike the uncertain future of BNB and Maker tokens, Everlodge is showing a healthy economic momentum.

For context, Everlodge is a property investment project that aims to make investing in the luxury real estate industry affordable and secure. Everlodge plans to achieve this by utilizing Blockchain technology to create fractionalized NFTs backed by real-world luxury properties. As such, individuals who buy these NFTs will own a fraction of luxury properties from around the globe.

With the ELDG token currently sold for $0.029, the token represents one of the best crypto to invest in now. The token's liquidity will be locked for eight years and the team token for two years to prevent an event of a rug pull. In terms of security, the Everlodge smart contract has been audited to further prove the safety and reliability of the project.

BNB (BNB) Past Looks Great: What About the Future?

Within the past month, BNB (BNB) has gained over 35% in price value. However, BNB has failed to record any significant price gain in the past week. More worrying is that BNB trading volume has declined by an average of 10% on a day-to-day basis as seen on CoinMarketCap.

While BNB may still be in good stead, these stats are worrying signs that may be a portent of an imminent bear market. 

Is Maker (MKR) on a Decline?

Maker (MKR) enjoyed a significant price rally that saw the token gain up to 16% in the past month. The data from CoinMarketCap shows that Maker's token price also gained 10% within the past week, making it one of the best crypto to add to one's portfolio.

However, zooming in on a day-to-day price turn, one will notice that the price of Maker is on a downward curve. Also, the Maker trading volume has declined by a daily average of over 40%. These developments all suggest the token is battling the bear market which has affected many cryptocurrencies in the past few days. The Maker price chart is still green and analysts still forecast the token as one of the best cryptocurrencies to invest in the year.

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