In recent market trends and developments, Shiba Inu (SHIB) plummeted while IOTA integrated USPlus stablecoin. Simultaneously, Everlodge (ELDG), a new entrant in the crypto scene, earns investor trust with its unique value proposition. Continue reading as we delve into these noteworthy developments.
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Shiba Inu (SHIB): Bearish Pressure
Shiba Inu (SHIB) has risen from its humble beginnings to become a top altcoin in the market. While it was originally designed to ride the popularity wave of prominent memecoins, it has become a big name. Currently, it is the second most popular token in the meme space and a top-20 crypto by market capitalization.
Further, Shiba Inu boasts a dedicated community and a vibrant ecosystem, contributing to its explosive growth since its launch. A notable development within its ecosystem is the launch of Shibarium, a layer-2 blockchain platform. This introduces blockchain utility into the ecosystem, strengthening its proposition.
However, despite these, Shiba Inu has given in to bearish pressure, following a downward trend since the beginning of Q4. The decline in its price can be attributed to investor shifts to tokens with real-world applications. Additionally, it also suggests a shift in investor and market sentiment. Nevertheless, SHIB is still a top cryptocurrency and will likely bounce back.
IOTA (IOTA): Integrating USPlus, a USD-Backed Stablecoin
IOTA (IOTA) is a distributed ledger with its own proprietary technology, known as Tangle. This is a system of nodes that confirm transactions, which is believed to be faster than conventional blockchains. Further, its goal revolves around becoming the platform for executing transactions between IoT (Internet of Things) devices.
In an exciting development, IOTA announced the integration of USPlus into its ecosystem, a USD-backed stablecoin by Fluent Finance. This strategic move highlights the strength of IOTA’s decentralized finance (DeFi) efforts. Additionally, it suggests a vote of confidence in its innovative features, including its consensus model and Tangle.
With this integration, USPlus users will be able to redeem their stablecoins across various blockchains. Undoubtedly, this development has been met with enthusiasm, with the price of IOTA slightly reacting to the development.
Everlodge (ELDG): Transforming the Real Estate Industry
Amidst the decline of Shiba Inu and the exciting developments within IOTA’s ecosystem, Everlodge (ELDG) is charting a bullish course. As an ICO token, currently in its fifth stage, it has gained the trust of investors and soared. Investor confidence can be largely attributed to its unique value proposition, which revolves around reshaping the real estate sector.
By combining the best features of Web3, blockchain, and the property sector, it aims to become the first property co-ownership platform. In other words, its novel property marketplace will allow investors to fractionally invest in and co-own luxury villas, hotels, and vacation homes.
Additionally, its dedication to transparency further strengthened investor confidence. This is evident in the audit of its smart contract by an independent auditing firm. Also, the team has been doxxed, with KYC checks completed. Therefore, it isn’t only an exciting project but also a safe one.
Furthermore, at its current price of $0.02, industry experts forecast a 3,000% increase in its price. Consequently, it represents a compelling ICO project with potential.
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