Cardano solid as Shibarium processes 82m transactions, Everlodge merging AI and real estate

Cardano (ADA) rose 45% in the past month, sparking discussions about its potential. Although it recently dropped from $0.63 to $0.55, Ali Martinez maintains a bullish outlook. Despite struggling to maintain the uptrend, Shiba Inu (SHIB) is the second-most-popular meme coin. Attention is now on Everlodge (ELDG), which introduces AI-driven elements to the real estate sector. 

Cardano bulls target $1

According to crypto analyst Ali Martinez, ADA may post a short-term bounce before continuing its recent upward momentum.

Over the past week, ADA rallied from a low of $0.397228 to around $0.631526. In the past year, its market cap is up 76% to over $19 billion.

ADA averages $1.16 billion in daily trading volume as the ninth largest crypto. 

According to analyst forecasts, ADA could rise to $1.04 in 2024. 

Shibarium processes over 82 million transactions 

Shiba Inu is firm, rising to $0.00001049 in the past week before retracting to $0.00000966. The break above the $0.00001 resistance proved that the token is bullish.

Shibarium layer-2 network has processed over 82 million transactions.

According to the latest on-chart data, Shiba Inu has a market cap of over $5.7 billion. 

However, analysts project the token to reach $0.000017 by the end of 2024. 

Everlodge introduces AI to real estate

Everlodge can reshape the real estate market by democratizing ownership, allowing anyone to invest with as little as $100.

The platform achieves this by tokenizing real estate properties as NFTs and fractionalizing them into smaller, more accessible units. This enables individuals to purchase fractions of a property, granting them ownership of a portion of the asset’s value, income, and appreciation potential.

In addition to fractionalization, Everlodge offers passive income opportunities through rental properties co-owned by token holders.

Additionally, the platform plans to incorporate an AI-powered tool that analyzes market trends and predicts which properties will likely appreciate. This information will be provided to token holders, potentially guiding their investment decisions and enhancing their overall returns.

These features could explain why investors are exploring Everlodge as an opportunity to gain exposure to the real estate market without the high upfront costs associated with traditional ownership.

Summary

Cardano could resume its uptrend, and Shiba Inu is still bullish. Yet, some traders are diversifying their holdings, considering Everlodge. In stage 8 of the presale, ELDG is up 170%, trading at $0.027. However, analysts expect more gains once the token is listed on tier-1 exchanges. 

For more details about the ongoing Everlodge (ELDG) Presale, visit the website.