In 2023, Shiba Inu has performed some key upgrades and project launches. However, the team has teased even more upgrades for the meme coin as it adds more utility. Meanwhile, crypto experts have given their predictions for Litecoin and Everlodge ahead of the 2024 Bitcoin halving event.
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Shiba Inu (SHIB) Team Tease Major Upgrade
In August, the Shiba Inu team launched Shibarium, as the project sought to leave its meme coin tag behind. Since then, the layer 2 network has recorded over 3.5 million transactions and 1.25 million wallet addresses. To further improve its adoption, the Australian-based exchange, GroveX, has announced an integration for Shibarium.
In addition, lead developer, Ryoshi Kusama has announced that the Shiba Inu team is working on some major upgrades. While there is no confirmation on which upgrades to expect, the Shiba Inu coin, SHIB could be positively affected.
The price of Shiba Inu recently broke out of the $0.000007200 resistance. A significant upgrade could see the price of SHIB rally to the $0.0000800 resistance. Breaking above this resistance would set the price of Shiba Inu on course to test the $0.0000100 level.
Analysts Bullish About Litecoin Ahead of Bitcoin Halving
For many investors, the third Litecoin network halving event in August was considered a failure. This is largely due to the poor performance of the LTC coin after the hyped halving event. From trading at $95 in early August, the price of Litecoin dropped as low as $56 in August.
With Bitcoin leading a crypto market rally, the Litecoin price has now improved to $66 as of October 23. In addition, Glassnode the popular on-chain data tracker, has reported a significant increase in the accumulation of LTC coins by long-term holders. Crypto Analysts have pointed to the upcoming Bitcoin halving as a result
Scheduled to happen around April 2024, the price of Bitcoin has been projected to rally massively. As a hard fork from Bitcoin, crypto analysts also predict a bull run for Litecoin. From its current price of $66, many analysts believe that the Litecoin price could reach a high of $125 by April 2024.
Everlodge Set To Outperform Shiba Inu and Litecoin
Another bullish crypto that has caught the attention of investors is Everlodge (ELDG). Crypto analysts are bullish about Everlodge because it is building a platform that will capitalize on the increased demand in the $280 trillion real estate marketplace.
The Everlodge marketplace will use blockchain technology to turn real estate properties into NFTs. Each NFT representing a property will then be divided, with each fraction representing a share of the property. This will allow people to buy luxury properties for fractions as little as $100.
These NFTs will not only represent these properties, they will also mirror their prices. The value of these NFTs will increase as the value of the estates increases. In addition, the revenue generated from these properties will be shared amongst holders of the NFT.
Experts are optimistic about Everlodge’s future. The value of its native token, ELDG, has surged from $0.01 to $0.023 in the last few weeks. experts have predicted that ELDG’s value will rise 10x in Q4 2023. By the Bitcoin halving in April 2024, the price of ELDG is expected to reach an all-time high of $0.75.
