September 5th, 2023 at 8:12 pm UTC · 3 min read
The Dogecoin (DOGE) cryptocurrency recently made waves after Robinhood listed it in their crypto wallet. Moreover, the Polygon founder has hinted at a significant technical upgrade.
However, the most notable altcoin that took investor circles by storm is Everlodge (ELDG), which is set to revolutionize the real estate industry. We will jump into the performance of each altcoin to see how far they can rise.
Join the Everlodge presale and win a luxury holiday to the Maldives.
The commission-free brokerage known as Robinhood Markets made an expansion to the capabilities of its crypto wallet and added support for Dogecoin (DOGE).
The Dogecoin crypto has made a brief recovery after the dip it took from the selloff throughout August. It trades at $0.0663 with a $312 million in trading volume, with $9.3 billion in terms of market capitalization.
Moreover, the Dogecoin price faced rejection at around $0.82 and the descending trendline. Its failure to hold above the 200-day EMA has left its price vulnerable to decline. Consequently, analysts are still bullish on its future. According to the Dogecoin price prediction, it will spike to $0.098 by the end of the year.
The founder of Polygon (MATIC) Labs, Sandeep Narwal, hinted at a significant technical upgrade that would evolve the MATIC crypto into POL. This is touted as a “third-generation token.”
Moreover, the technical analysis of the Polygon price showcases that the crypto is forming a falling wedge pattern. This can be a bullish pattern if the price breaks above the upper trendline for the MATIC crypto.
Subsequently, if this scenario occurs, bulls will typically target the top of the wedge, currently at $1.58. In addition, the Polygon crypto can flip bullish only after a breakout occurs. According to the Polygon price prediction, it has the potential to climb to $0.87 by the end of the year.
Alongside Dogecoin and Polygon, there’s Everlodge, which is an innovative project with a unique approach towards entry into the real estate industry. Subsequently, the traditional real estate investment models will typically demand substantial capital for full ownership and limit access to only the extremely wealthy.
However, Everlodge changed this concept by digitizing and then minting high-end properties like hotels or villas in the form of NFTs. In addition, these are then fractionalized. Any individual can become a fractional owner for as little as $100.
Transparency has also been an issue in real estate, leading to distrust. However, by utilizing blockchain technology, Everlodge records this data in the metadata of each NFT. This means that all of the ownership details, deeds, and titles are stored and are accessible on-chain.
Consequently, the native token, ELDG, powers the ecosystem. It provides holders with governance and staking rewards alongside discounts. At Stage 1 of its presale, it trades at just $0.012. But as the presale gains momentum, experts foresee a $0.035 climb at the project’s launch date.
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