The cryptocurrency market is abuzz with anticipation of a bull market. Amidst this hype, three prominent coins – Dogecoin (DOGE), X (X), and Everlodge (ELDG) are showing signs of significant price outbreaks. This article will provide insight into what market analysts and enthusiasts think about these altcoins.
- Popular analyst predicts Dogecoin rally to $0.24 this month
- Elon Musk-inspired X outperforms the crypto market with 240% rally
- Everlodge enters a multi-trillion-dollar industry and analysts forecast a 35x rally
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Crypto Analyst Predicts Dogecoin (DOGE) Outbreak This Month
Over the last two weeks, the price of Dogecoin (DOGE) has been in consolidation. Despite this, the popular crypto analyst, Kaleo is bullish about the number one meme coin, predicting a price outbreak this month.
At the time of this writing, the Dogecoin price stands at $0.07384, down by 0.84% in the last 24 hours. Despite the poor performance of the meme coin, Crypto Kaleo has predicted at least a 200% price rally for Dogecoin.
According to the pseudonymous analyst, the price of Dogecoin could hit a monthly high of $0.24 this month. As a result, the crypto analyst has advised crypto traders not to sleep on Dogecoin to avoid missing out.
X Price Explodes, Can the Massive Rally Continue?
X (X) is a project building an inclusive and collaborative environment. Token holders, developers, and enthusiasts are encouraged to participate in the project to drive the price of the token upwards. The crypto was inspired by the simple “X” tweet of Elon Musk.
In the last three days, the price of X has been trending upwards, outperforming the crypto market. From a low of $0.000003600, the price of X rallied to as high as $0.00001200 before facing rejection at this level.
At the time of this writing, X trades at $0.00000904, dropping under the $0.0000100 resistance. With Twitter rebranding as X still ongoing, crypto experts have predicted more price increases for X.
Everlodge (ELDG) Attracts Massive Attention Over Real Estate Ties
Real estate is one of the biggest industries in the world today, with a valuation surpassing $280 trillion. This mammoth industry has cast Everlodge into the limelight as the project debuts with a new model that could transform real estate investments.
Albeit one of the largest industries, investing in real estate is often limited to a crop of wealthy individuals. Everlodge is launching a novel solution to this problem and will allow investors with as little as $100 to own portions of luxury properties.
The Everlodge team will work with luxury home developers, real estate companies, and hotel chains from around the globe to get properties. The titles and ownership documents of these properties will be minted and sold as fractional NFTs, reducing the barrier of entry to real estate investment.
These fractional NFTs will mirror the prices of the real assets and will increase in price as the property rises in value. The Everlodge ecosystem will also feature a utility token, ELDG. Because of the platform, analysts are bullish about this token. From its current price at $0.01, crypto analysts have predicted a 35x rally to $0.35 for ELDG in 2023.
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