In the crypto landscape, the crypto analyst Rekt Capital has spotlighted Injective (INJ) and Fetch.ai (FET) with bullish forecasts. Meanwhile, the altcoin Everlodge (ELDG) has also made headlines, with 4.9M tokens already sold in Stage 8 of its presale. With plans to disrupt the real estate market, which Statista claims has a value of $613T in 2023, some experts are pegging ELDG as the next 30x token. Let’s take a closer look at why.
Injective Price Prediction
According to Rekt Capital, Injective (INJ) has revisited the last major resistance before a new all-time high. After this, the Injective crypto surged from $20 on December 11 to $31 on December 16, indicating a notable uptrend.
Analyzing its technical aspects, the current bullish trajectory of Injective is supported by 27 technical indicators that now reflect positive signals. The Fear & Greed index also shows a bullish sentiment at 67 (Greed).
Analysts have made optimistic predictions regarding the future Injective price using these indicators. Projections show a substantial increase to $31.38 by the end of December 2023. This makes Injective one of the better altcoins to watch.
Fetch.ai (FET): On an Uptrend
Similarly, Rekt Capital made an observation about Fetch.ai (FET). He claims that it is now up 300% since the altcoin watchlist. Regarding the Fetch.ai price movement, it has increased from $0.53 on December 9 to $0.67 on December 16.
The technical analysis also paints a bullish picture for the Fetch.ai crypto, which has experienced 18/30 (60%) green trading days. Moreover, all 29 technical indicators show bullish signals for Fetch.ai – great signs.
Experts in the field have taken note of all this data when making their Fetch.ai price predictions. They foresee its value reaching $0.7707 before 2023 ends – making Fetch.ai a good DeFi coin to watch.
Everlodge (ELDG): The Top Crypto To Invest In
Meanwhile, traders are gravitating to Everlodge (ELDG) – a one-of-a-kind NFT marketplace where real-world properties back all NFTs. In other words, Everlodge will mint luxurious villas, hotels, and vacation homes into NFTs, fractionalize them, and then allow you to become a fractional owner.
This innovative approach solves all issues that currently plague the real estate industry. For instance, you will no longer need to worry about liquidity as you can sell these NFTs on secondary marketplaces.
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While the marketplace is the main focus of the Everlodge team, it has also implemented many other components in its ecosystem:
- Rewards Club: This club will offer exclusive access to complimentary stays at premium Everlodge properties, with the option to resell them.
- Launchpad: Everlodge’s Launchpad provides developers an avenue to secure community funding for new projects, giving early access to investors.
- Lending: You can use the property-backed NFTs as collateral to obtain short to medium-term loans.
The ELDG token powers all these features while serving as a means to cover transaction fees on the platform. Holding ELDG tokens unlocks benefits like trading fee discounts and passive income through staking. Currently valued at just $0.027 in Stage 8 of its presale, its price is anticipated to surge further as the presale progresses. Analysts predict a potential rise to $0.038 before the presale concludes, with expectations of a 30x increase upon listing on Tier-1 CEX.
Additionally, purchasing ELDG tokens during this period offers a limited-time 10% deposit bonus, positioning Everlodge as the best crypto to buy.
Final Thoughts
While Injective and Fetch.ai may see an uptrend, their high market caps of $2.5B and $558M hinder them from being noteworthy. They would need a large influx of new funds for any noticeable movement. But, Everlodge does not have this problem as its market cap now sits at $14M – meaning only $14M is needed for its value to double. This is reasonably achievable, given the innovation that Everlodge will bring.
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