Shiba Inu’s price plunged over 12% overnight. While the reason behind this decrease is unknown, it’s a significant blow for Shiba Inu and has taken SHIB’s monthly returns to just 4%. Now, investors are switching to Binance Coin and Everlodge, hoping to make up for lost profits. Here’s why Everlodge and Binance Coin might be better investments than outperforming Shiba Inu.
Shiba Inu Crashes 12% Overnight
A recent post on X by Shiba Inu lead developer Shytoshi Kusama created a buzz throughout the Shiba Inu community. A simple “handshake emoji” has led to speculations that Shiba Inu has formed a new partnership. This post was followed by Lucie, Shiba Inu’s marketing lead, who posted a handshake with $BONE.
The reason behind these tweets remains unknown, though according to Shiba Inu’s discord admin DaVinci, the Shiba Inu community and developers are in for “a wild ride together.” Given that Shiba Inu hit several milestones towards the end of 2023, this news should have increased SHIB’s price. However, Shiba Inu’s value has crashed.
Over the last 24 hours, Shiba Inu is down by 13.33% and the SHIB burn rate has increased by 310%. Experts believe this decline is a correction following Shiba Inu’s strong performance in December. Nonetheless, some investors have jumped the boat, selling their SHIB tokens for Binance Coin and Everlodge.
Binance Coin Passes $300
Binance Coin passed its former resistance level of $250 in December 2023, reaching $336 before facing a sharp correction. This surge was triggered by a rise in Bitcoin, as well as the announcement of the 41st project being released on the Binance Launchpool.
Following its dramatic price rally, Binance Coin’s daily trading volume has remained over $1 billion and hit $1.6 billion at the time of writing. With several new developments planned on the Binance exchange, experts predict that Binance Coin will be one of the top-performing cryptocurrencies in Q1.
Everlodge Dominates Presale Market With Its Real World Application
Ever wanted to own a holiday home? Well, Everlodge could be an opportunity to do so. This exciting new DeFi project presents new opportunities for investors looking to build a global holiday home portfolio.
Using DeFi technology, investors will be able to buy fractional equity within a property, completely overhauling traditional holiday home procedures. Instead of visiting the property in person, making a huge investment, and undergoing endless paperwork, investors can browse Everlodge, find a property they like, and buy a fractionalized NFT that represents ownership of the property.
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This process is not only easier, but investors will be able to get involved for as little as $100. Everlodge is the first project to offer this kind of solution, and as a result, has gained significant attention from DeFi investors.
According to market analysts, Everlodge could see returns of up to 280% during its presale and is expecting a 30x rally when launched on Uniswap and two Tier-1 exchanges. Given that the global hospitality industry is worth over $4.548 trillion as of 2022, Everlodge has the potential to disrupt one of the world’s most profitable markets.
Within a few years, Everodge looks to make holiday property ownership more accessible than ever. Investors will have the opportunity to trade their asset-backed NFTs through secondary marketplaces and will also be able to generate a passive income from the different assets they own.
With Everlodge tokens currently trading at just $0.029, experts predict that ELDG could become one of DeFi’s most profitable investments in 2024.
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