Recent developments in the crypto space have caught the attention of investors. One of the leading meme coins, Shiba Inu has seen a surge in whale activity while Cardano shares major network updates. Meanwhile, Everlodge is closing in on a major record in presale.
Join the Everlodge presale and win a luxury holiday to the Maldives
Shiba Inu (SHIB) Whale Activity Skyrockets
Despite the recent sell-off in the crypto market, investors are still accumulating the Shiba Inu coin. According to a new on-chain report, whale activity for SHIB skyrocketed by more than 1,500% in October. The large purchase coincides with the recent drop in Shiba Inu price.
In October, the price of Shiba Inu fell below $0.00000700 for the first time since June. As a result, whales took the opportunity to rake in SHIB tokens. After the price drop, the accumulation by whales increased from 169 billion SHIB to 2.98 trillion SHIB tokens.
This accumulation signifies that whales are expecting a price increase for Shiba Inu. Crypto market analysts also share the same sentiment. They have predicted that as Shiba Inu rolls out some of its planned upgrades, the price of SHIB could increase above $0.0000100 in 2023.
Cardano Shares Major Network Updates
Charles Hoskinson, the founder of the Cardano network, has shared some major updates. One of the updates that has caught the attention of community members is “Project Catalyst.” According to Hosknson, this initiative will fuel the next wave of dApps and groundbreaking ideas on Cardano.
Hoskinson also discussed the advancement of smart contracts on the network. As part of this advancement, Cardano will extend its support for UTXO, Mithril, and Plutus. Lastly, Hoskinson urged the community to ignore the noise surrounding the Cardano coin and focus on developing the network.
The ADA price has been in consolidation for more than two months. However, as the network grows, the price of Cardano (ADA) is expected to increase. From a low of $0.2405, crypto experts have predicted a potential rally to $0.5000 by ADA.
Everlodge (ELDG) Nears New Presale Record
Everlodge (ELDG) is a new crypto project that has piqued the interest of investors due to its innovative investment approach. Everlodge is building a unique hybrid property co-ownership platform that combines the timeshares market with blockchain and NFTs.
The aim of the project is to make timeshares investment accessible to everyone. Due to the excessive cost of vacation houses, most investors are unable to purchase them. Everlodge will solve this problem by issuing fractional NFTs backed by hotels, vacation houses, and luxury villas.
The properties’ titles, deeds, and ownership records will be digitized and minted on the NFTs. These properties will then be sold as fractional NFTs, allowing investors to purchase them for as little as $100. This will be possible because fractional NFTs can be divided into smaller bits.
Because of its innovative approach, Everlodge has caught the attention of investors, selling 20 million ELDG tokens. ELDG currently trades at $0.02 per token, but some experts have projected a 2023 high of $0.40 when the platform launches.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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