Crypto analyst bullish on Dogecoin as Tron’s network activity surges; Everlodge launches into $280T real estate market
A market analyst, CryptoKaleo, is bullish on Dogecoin (DOGE) after the coin broke above the descending trend-line. Additionally, Tron (TRX) has surpassed Ethereum (ETH) in daily active users, and Everlodge (ELDG) is entering the real estate sector.
Analysts bullish on Dogecoin
Recently, DOGE prices broke above a descending trend-line for the first time in 900 days.
The shift in trend was confirmed with a close above the $0.0680 support level.
Following this, CryptoKaleo predicts Dogecoin to reach $0.1780 by the end of 2023.
Another analyst, Ali Martinez, also sees a bullish case for DOGE after the weekly candlestick closed above $0.0835.
He expects the coin to register a new all-time high in the ongoing bull market.
Tron outperforms Ethereum and Bitcoin in on-chain activity
In 2023, Tron recovered as network activity spiked.
With 1.5 million users per day, Tron has more on-chain activity than Bitcoin (BTC), BNB Chain (BNB), and Ethereum (ETH).
Bitcoin ranks second at 993,000 daily users.
Presently, TRX is up 12%, but analysts pin the rising on-chain activity as possible triggers for the coin to reach $0.122 by the end of 2023.
Everlodge draws investor interest as it launches into the real estate market
Everlodge plans to disrupt the $280 trillion real estate market, enhancing affordability and accessibility in property investment.
The Everlodge ecosystem comprises a rewards club, marketplace, launchpad, and lending platform.
In the marketplace, investors can acquire shares of digitalized properties for as low as $100.
They can use these digital shares, existing as non-fungible tokens (NFTs), as collateral for loans through Everlodge’s lending platform.
The launchpad facilitates property developers in fundraising, providing early investment opportunities for investors.
Everlodge’s smart contracts have been audited and approved by InterFi Network and BlockAudit.
The team has committed to an eight-year liquidity lock and a two-year lock for team tokens to prevent sell-offs post-launch.
Early adopters are in green in the ongoing presale, where the ELDG is trading at $0.025, up from $0.010.
Analysts expect the uptrend to continue in the sessions ahead.
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