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While there are several digital currencies in the crypto sector, only a few of them have the potential to give huge gains. Meanwhile, analysts have picked three crypto giants to watch out for in 2023. They are Dogecoin, Ethereum, and Everlodge. According to analysts, these cryptos can give huge gains in 2023.
Can Dogecoin (DOGE) Reclaim $0.60 Level?
Dogecoin (DOGE), the top-ranking meme coin, appears to be losing its appeal to crypto investors. Activity on the network has dropped in recent months. On October 11th, data analytics firm IntoTheBlock, stated that Dogecoin’s seven-day average for daily transactions has declined.
It dropped by 98.2% from 2.1 million in June to 37,300 transactions in October. Despite the drop in Dogecoin’s price, the DOGE community remains hopeful that X will adopt the coin. If X adopts DOGE for payments, it could have a positive effect on its price.
Besides, it will increase the demand, utility, visibility, and adoption of Dogecoin. At the moment, the coin’s price is fluctuating between $0.58 and $0.60 in October. If the price of Dogecoin crosses above the $0.60 mark, it could reach the $0.065 mark. Analysts see Dogecoin soaring to $0.075 in Q4 2023.
Ethereum (ETH) To Hit $8,000 Soon
On October 11th, Whale Alert, announced unknown whales have moved about $112 million worth of Ethereum coins to exchanges. First, an anonymous wallet transferred 22,157 ETH (about $34.5 million), to Coinbase. Another wallet deposited 50,000 ETH (about $78.3 million), into Kraken.
This news has sparked fears of a possible liquidation in the coming months. Meanwhile, the price of Ethereum has fallen from $1,656.82 to $1,548.09 on October 12th. This signifies a drop of 5.6% as bulls failed to maintain the $1,600 support.
Standard Chartered analyst, Geoff Kendrick, has forecasted the Ethereum price to reach $8,000 in two years. Kendrick also hinted at a more bullish run to the $26,000 to $35,000 price range by 2040. He cited Ethereum’s growing role in gaming, smart contracts, and the tokenization of traditional assets.
Everlodge (ELDG) To Outperform Dogecoin and Ethereum
Everlodge (ELDG) is a new cryptocurrency project that will democratize the real estate sector.Previously, only wealthy individuals could invest in real estate and hotels. Everlodge aims to change that and make the $280 trillion sector accessible to both low and high-income earners.
This will help allow you to invest in luxury properties, grow your wealth, and join the 1% of the richest people in the world. People can co-own properties without needing a large amount of capital. What’s interesting is that you can start investing in the real estate sector with just $100.
You might be curious about how Everlodge plans to achieve this. Well, the first step is to convert real-world properties into NFTs. Next, Everlodge will divide the NFTs into portions to represent a certain share of a given property.
Additionally, you can use the NFTs as collateral to obtain loans on Everlodge’s lending platform. Meanwhile, Everlodge’s native token, ELDG, is currently trading at $0.02. Experts are optimistic about Everlodge’s future and predict the value of the ELDG token to 20x in Q4 2023.
Find out more about the Everlodge (ELDG) Presale:
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