Investors are currently looking at the price movements of three tokens – Shiba Inu (SHIB), Ethereum (ETH), and Everlodge (ELDG). Although these tokens are showing gains today, investors are skeptical of its price movement by December. In this article, we will look at the December price forecasts of these three tokens.
Summary:
- Shiba Inu has soared 2.78% to reach $0.00000729.
- Analysts forecast Ethereum to drop to $1,000.
- Everlodge is the best performer, increasing by 90%.
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Shiba Inu (SHIB) Team Talks About Upcoming Development
On September 12th, Lucie, a content marketer for the Shiba Inu coin, tweeted an update on the forthcoming developments within the SHIB ecosystem. Lucie underscored the essential initiatives that the community should eagerly anticipate.
They include Shibaswap 2.0, Bone contract renouncing, Metaverse, Shibahub, and $TREAT. However, She argued that the notice about the upcoming projects is not meant to pump the price of Shiba Inu.
However, along with the crypto market, the Shiba Inu price is up 2.78% today trading at $0.00000729. Analysts have forecasted Shiba Inu to trade between $0.00000865 and $0.00000886 with an average price of $0.00000876 by the end of 2023.
Analyst Sees Ethereum (ETH) Falling To $1,000
On September 11th, Markus Thielen, Matrixport analyst unveiled the firm’s most recent crypto insights report with a rather somber title, “The Altcoin Crash is Coming.” The report forecasts substantial declines for the Ethereum coin.
Thielen remarked that the Ether is not ‘ultrasound money,'” referring to the issuance surpassing burning last week. Nonetheless, he acknowledged that the network’s long-term fundamental strength remains robust. Also, he emphasized that if the Ethereum price broke below the $1,600 threshold, it could spark a decline to lower levels.
However, the price of Ethereum is valued at $1,603.63, marginally sitting above this key critical support level. Despite its bearish weekly chart, analysts See Ethereum trading between $1,798.34 and $1,848.21 in December.
Everlodge (ELDG) Introduces Fractionalized NFTs For Real Estate Investment
Everlodge (ELDG) has been making waves in the real estate industry with its innovative approach. The project aims to democratize property ownership by leveraging NFT and timeshare technology. Everlodge is set to create a marketplace where high-value properties will be transformed into digital assets, minted, and divided into NFTs.
This groundbreaking concept will open the door for individuals with limited income to participate in the vast $280 trillion real estate market. What’s more, Everlodge plans to utilize blockchain technology to eliminate geographical and security limitations associated with real estate investments.
This means investors will have the opportunity to diversify their portfolios and reduce risks by accessing properties worldwide. As a result, the platform’s native token, ELDG, holds significant growth potential. Experts are even speculating that it could achieve returns of more than 30x in the coming months.
InterFi Network and BlockAudit have already audited Everlodge’s smart contracts. This is part of the platform’s move to ensure the safety of users’ funds. Currently, Everlodge is in Stage 2 of its presale, and the token is valued at just $0.018. However, as the presale progresses, analysts predict a price surge to $0.35 before the end of 2023.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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