A Dogecoin Foundation member recently issued a warning to the crypto community. Meanwhile, Ethereum (ETH) and Everlodge (ELDG) are relatively firm.
Dogecoin: the crypto warning
The Dogecoin Foundation, an organization dedicated to developing and promoting the meme-inspired coin, has a familiar presence in the scene.
Misha Boar, a member of the Dogecoin Foundation, recently issued a warning, pointing to the growing number of phishing scams in the industry. He advised his audience to withdraw funds from “dogechain dot info” and other centralized exchanges.
While this statement sparked a debate, DOGE prices remain in an uptrend. DOGE prices rose from $0.070 to $0.074 in three days from Nov. 4.
Based on this, analysts are bullish on the coin, forecasting it to reach $0.098 by December 2023.
Ethereum: rising exchange outflows
While the warning from the Dogecoin Foundation has sparked conversation, it’s crucial to consider broader market dynamics, especially for coins like Ethereum (ETH).
In recent Ethereum news, it was noted that more ETH were moving from centralized exchanges.
According to IntoTheBlock, approximately $210 million worth of ETH left centralized exchanges (CEXs) in late October; the highest in seven days since August.
Meanwhile, ETH prices rose from $1,799 on Oct. 31 to $1,878 on Nov. 7.
Analysts are optimistic, predicting ETH to reach $2,335.71 in Q4 of 2023.
Everlodge could outperform Dogecoin and Ethereum
Everlodge presale is in progress. The project aims to address challenges in the real estate market.
It is establishing a unique niche with innovative solutions that could disrupt traditional real estate practices and improve global accessibility.
In the real estate market, entry barriers are typically high, limiting access to wealthy individuals.
Everlodge aims to overcome this by digitizing and minting luxurious villas or hotels into non-fungible tokens (NFTs), which are later fractionalized.
This approach enables investors of all income levels to become fractional owners of properties.
Minted NFTs should rise in sync with the associated real-world property.
ELDG holders can join the Rewards Club, granting them free nightly stays in Everlodge properties that can be resold.
In stage 6 of the Everlodge presale, ELDG is available for $0.023.
Experts predict ELDG to reach $0.038 by the end of the presale.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.