Despite the current positive signals in the crypto market, Binance Coin has remained stuck in a consolidation phase. Meanwhile, Shiba Inu and a newly emerging coin hint at potential price explosions. In this article, we will consider how these cryptos are predicted to perform. Shiba Inu and new coin set to explode, Binance Coin consolidates.
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Everlodge (ELDG) Projected To Become A Crypto Unicorn
There are over 25,000 crypto projects, but only a small percentage have attained unicorn status. Only innovative and disruptive projects have managed this milestone, but Everlodge has been projected to join them. This is because Everlodge is building a disruptive property marketplace for the timeshares market.
This new property marketplace will digitize and mint timeshares properties as NFTs. These property-backed NFTs will be fractionalized and sold as smaller shares to investors. This model will allow its users to own multi-million dollar vacation homes for as little as $100.
These NFTs can be freely exchanged across several platforms, increasing the liquidity of the $4.5 trillion timeshare markets. Holders of these NFTs also stand a chance to win a vacation to the Maldives. The project has already attracted tons of investors to its presale.
Doing this, Everlodge has been projected to become a major player in the timeshares industry and become a unicorn project along the way. The utility token of the platform, ELDG, now trades at $0.020 following a 100% price increase. As the platform launches, crypto analysts have predicted a 25x price increase for ELDG.
Binance Coin (BNB) Remains Stuck In Consolidation
Like most cryptos, Binance Coin began 2023 on a strong uptrend. From $230 in January, the price of Binance Coin rallied to $349 before facing a sharp decline. Stabilizing at $210 in August, the BNB coin has remained in consolidation for the past eight weeks.
After a long time in consolidation, a popular market analyst, Crypto Rand, has stated that Binance Coin could break out soon. He points to three distinct support levels where the BNB coin has defended.
With this, Crypto Rand predicts that Binance Coin could regain the $230 resistance soon. If this happens, then a rally could take the BNB token to the $260 range. If the broader crypto market is bullish during this period, then the price of Binance Coin could rise even higher.
Shiba Inu (SHIB) Set For Meteoric Rise?
Like Binance Coin, the Shiba Inu coin has struggled with bearish momentum throughout 2023. The launch of Shibarium in August failed to provide lift-off for SHIB. From a high of $0.00001109 in August, the price of Shiba Inu has tumbled to $0.000006730 in October.
Despite this significant price drop, many crypto analysts are predicting a rise for SHIB. They remain bullish about SHIB because of its transition from being a meme coin into being an ecosystem with utility. ShibaSwap 2.0, a Shiba Inu metaverse, ShibaNet, Treat Token, and SHI Stablecoin are some upcoming projects.
In addition, the Shiba Inu team is preparing to launch an AI product in the coming months. With these major projects in the works, the Shiba Inu price has been projected to increase. Many analysts see SHIB reaching a high of $0.00001200 before the year ends.
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