The crypto market has witnessed growth in the last few weeks, with many tokens returning 2x profits in the last 30 days. Shiba Inu (SHIB) and THORChain are among the tokens projected to return profits in the first quarter of the year. In the same vein, Everlodge’s (ELDG) unique use cases have attracted whale investors with crypto enthusiasts picking the token as one of the best cryptos to invest in for short and long-term gains. Let’s look into the market analysis of these tokens.
The team leader of the Shiba Inu project, Shytoshi Kusama, has dropped a handshake emoji to the SHIB community on X. Although the post has garnered thousands of views, users are still confused about the message. The project team already promised to push for more adoption of the token in their New Year message, which Shiba Inu holders see as a positive sign.
According to Coinmarketcap, the Shiba Inu token has gained over 12% in the last 30 days. The Shiba Inu price chart shows that the green lines are still active, signifying the possibility of a rally. The Shiba Inu trading volume is also green, with over 50% increase in the last few days. According to Ambcrypto Shiba Inu’s price prediction for 2024, the token will trade at around $0.000011. There is no doubt that SHIB is one of the best cryptos to invest in the year.
After falling to the bearish trend in the last month, THORChain (RUNE) is beginning to recover from a crucial demand zone. With this development, there is optimism that the THORChain price could rise as high as $10 in 2024.
Based on the THORChain price chart, the token is getting nearer to the $6.5 strong resistance level even though it may be difficult to push past this support level. By pushing past this level, analysts are projecting the THORChain price to overcome the target price of $8.4 in the fourth quarter of 2024. If that happens., RUNE could be added as one of the best cryptos to invest in the year.
Apart from Shiba Inu and THORChain, Everlodge (ELDG) is also positioned to give investors high returns. With the luxury real estate industry beyond the reach of the average earners, Everlodge has come up with a novel idea to decentralize the industry to allow investment from every willing investor. The platform will create a digital replica of real estate properties in the form of NFTs which investors can then purchase.
These NFTs can be purchased fractionally after they have been minted. Aise from that, Everlodge has some unique features such as a marketplace, launchpad, and lending features which investors can benefit from.
ELDG is the native token of the Everlodge ecosystem and is currently sold for $0.029. By holding this token, investors will get a discount on every trading and maintenance fee done on the platform.
With the KYC completed, Everlodge will lock the token liquidity for two years and the team token for eight years. The smart contract has been fully audited by an independent auditing firm. There is also a rewards club within the platform which rewards every member with free night stays across all Everlodge properties.
With the real estate industry estimated to be worth $280T, analysts are predicting Everlodge to surge by 280% in the presale and 30x during the bull run making it one of the best cryptocurrencies to buy now.
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