Following the recent appeal in the Ripple lawsuit, many investors predicted a rally for XRP and Shiba Inu. However, these two altcoins have continued to decline.
Meanwhile, there has been an increase in the number of whales purchasing Everlodge over its high yield potential.
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Shiba Inu (SHIB) Drops To Key Level
After more than five weeks of ranging, the Shiba Inu coin recently dropped below the key $0.00000750 support level. While the Shiba Inu price stands at $0.00000706, it would need to defend $0.00000715. Staying above this level will give SHIB some upside potential. Holding this level would allow Shiba Inu to break above the $0.00000750 resistance.
Despite the market drop, Shiba Inu looks set to beat its total transaction and wallet address count. Since its launch in August, there has been steady growth in the Shibarium network. If this growth continues, Shibarium could hit 3.5 million transactions this week.
XRP Receives Positive News, But Price Fails To Rally
The XRP price enjoyed an explosive rally in July after its Ripple lawsuit victory. However, the altcoin failed to hold on to its gains, dropping from $0.83 to $0.4877 in October. Once again, Ripple had scored another victory in court.
In October, Judge Analisa Torres declined the SEC’s motion to appeal its loss against Ripple. However, the XRP price failed to capitalize on this victory. The altcoin has dropped from $0.540 to $0.477 this month. Despite the recent decline, some crypto analysts remain bullish about XRP.
EGRAG CRYPTO recently shared an XRP chart showing what they called “God’s candle.” According to the analysis, if this happens, the XRP price could skyrocket to $1.12. However, the coin must first overcome a major resistance level.
Investors Turn To Everlodge (ELDG)
Despite the downtrend facing Shiba Inu and XRP, Everlodge has captured the attention of investors due to its unique offering. Everlodge is building the first blockchain-based property marketplace to open up real estate to every investor, regardless of their income status.
Everlodge will allow individuals to invest in real estate with as little as $100. This will allow everybody to finally purchase a portion of real estate as a result of this. This will be accomplished via a hybrid property co-ownership model utilizing NFTs.
The title deeds and ownership documents of chosen properties will be digitized and minted as an NFT on the marketplace. These NFTs will be fractionalized, letting investors purchase them for as little as $100. Each NFT will represent a share of the property, and investors can purchase more than $100, depending on their income.
This unique method will supposedly aid in the onboarding of thousands of new real estate investors. Given this, some crypto analysts are bullish about Everlodge. While it now trades at $0.02, analysts believe there might be a rally for ELDG.
Find out more about the Everlodge (ELDG) Presale:
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