In the crypto market, the performance of major players such as Bitcoin (BTC) may influence other altcoins. Recently, Bitcoin once again surpassed $35,000 even though its whale activity has decreased. Now, people are asking the question – will this impact the general crypto market as well and can it reach $40,000? This article will answer that question while examining how this development may impact Dogecoin (DOGE) and Everlodge (ELDG).
Bitcoin (BTC): Displays Resilience
Bitcoin (BTC) has captured global attention as a crypto giant. The Bitcoin price passed $35,000 once more on November 7th. Amidst the recent surge in Bitcoin's price, a notable shift in the behavior of large Bitcoin whales has emerged. As per CryptoQuant, whale activity has remained relatively subdued, suggesting a potential pause in their selling pressure.
This observation is particularly intriguing given the historical tendency of whales to lead market movements. Their inactivity during this upward trend could be interpreted as a sign of confidence in Bitcoin's long-term prospects.
Due to all these reasons, market analysts have made a bullish Bitcoin price prediction. They forecast a Bitcoin price surge to $37,299.27 within Q4 of 2023. Additionally, this value may jump further as the Bitcoin halving event scheduled for April 2024 is approaching.
Dogecoin (DOGE): Trading in the Green
Likewise, Dogecoin (DOGE) has been trading in the green recently. In other words, the Dogecoin price jumped from $0.066 on November 1st to $0.074 on November 8th. This positive trend has been attributed to several factors, including the support of Elon Musk and the overall bullish sentiment in the cryptocurrency market.
In recent Dogecoin news, Mishaboar, a well-respected developer, has issued a crucial security advisory aimed at all DOGE holders. Mishaboar warns never to store Dogecoin in an online wallet, whether encrypted or not. Online wallets are more vulnerable to attack than offline wallets stored on a user's computer or another device.
Despite the recent security concerns, experts predict that the Dogecoin price will continue to rise in the coming months. Some experts predict that it could reach $0.098 before 2023 ends.
Everlodge (ELDG): A Higher Growth Ceiling Than BTC and DOGE?
While Bitcoin and Dogecoin are cryptocurrencies worth watching, Everlodge (ELDG) may have a brighter future. Essentially, Everlodge aims to revolutionize the $280T real estate market. It will establish the first property marketplace that combines NFT and timeshare technology with fractional vacation home ownership to accomplish this goal.
As a result, many of the issues plaguing this market will be long gone. For example, traditional real estate investments may only cater to the wealthy. But Everlodge will digitize and mint villas, hotels, and more into NFTs and then fractionalize them. Thus, even those without deep pockets can become fractional owners of a blockchain property for a low price.
Additionally, this will open up the user to tremendous passive income opportunities. The NFT representing it will follow suit as the real-life property value increases. Those who own the ELDG native token will also receive access to the Rewards Club. This Club will provide them with free stays in various properties, which can be resold for more income.
Currently, one ELDG token costs only $0.023 as it is in Stage 6 of its presale. Early buyers are experiencing a 130% ROI. Moreover, thanks to its low market cap, Everlodge may surge faster than Bitcoin and Dogecoin as fewer new funds are needed. Therefore, market analysts predict a surge to $0.038 before its presale finishes.
For more information about the Everlodge (ELDG) presale, you can visit their website here.
Everlodge Media Team
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No People Reportage journalist was involved in the writing and production of this article.