Avalanche has experienced a significant rise in price this past few weeks resulting in a rise in its position on the list of top cryptocurrencies by market cap. Going from 10th to 9th on that ranking, it has switched places with Dogecoin which previously held the 9th position on the list. However, Everlodge might do a better overtaking job when it finally launches next year.
Avalanche (AVAX) Outpaces Dogecoin (DOGE) Thanks to its Recent Price Spike
The growth of Avalanche has been nothing short of impressive considering its significant surge in price in the past few. The native utility token which is proving to be one of the best performing altcoins this year has seen a massive 124.54% increase in the space of a month.
Consequently, Avalanche price saw an 84.35% increase in 7 days and a significant 12.06% increase in the last 24 hours. This recent price chart has set Avalanche as one of the altcoins to keep an eye on.
With a previous market cap of $13.7 billion as at this time yesterday, Avalanche held the 10th position for the top cryptocurrency by market capitalization. However with a 12.08% increase in Avalanche market cap, it raised the coin to the 9th position, pushing Dogecoin out of the way.
Now, Avalanche market cap sits at $14.8 billion and its trading volume is also up by 18.37% with a price of $3.1 billion. Additionally , Avalanche price today reads at $40.63, just a few cents away from its resistance level of $42.7549.
Dogecoin (DOGE) Currently Faces a Declining Price and Market Capitalization
Dogecoin price is currently facing a decline as of today, with a 2.98% decrease from its previous price in the past 24 hours. While this is a negative reading for Dogecoin, about 72% of its users still feel good about Dogecoin according to CoinGecko.
The predictions surrounding Dogecoin price are positive, being the pioneering meme coin on the market and one of the top crypto coins to watch out for. However, it’s important to know that Dogecoin has lost over 3.25% of its market cap in the last 24 hours.
Subsequently, the trading volume of Dogecoin has reduced by 27.11% from yesterday till now. Regardless, Dogecoin value still remains high as it poses as one of the top crypto coins to hold for next year, considering its faithful race to $1 and beyond.
Everlodge (ELDGE) May Surpass Dogecoin (DOGE) and Avalanche (AVAX) By Far
In light of Avalanche price jump and whether Dogecoin value steps up its game or not, one crypto project that might end up surpassing both these coins is Everlodge. Everlodge, which became the best new crypto to invest in, is the perfect definition of “when AirBnb meets Web3”. Don’t understand? Let’s explain!
Everlodge is a first of its kind real estate NFT investment project. The platform is mixing things up with a blend of shared property ownership, timeshare vibes, and NFT where users can also earn passive income while at it.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">🔥 It's official! <br>Stage 8 is now LIVE at a $0.027! <br><br>🚀 Get in on the action and don't miss this red-hot opportunity! <br>💰 Plus, enjoy an exclusive 10% deposit bonus TODAY! 💎<br><br>📈 Let's make some serious gains!<br><br>📍<a href="https://t.co/SIYWBylwQD">https://t.co/SIYWBylwQD</a><br><br> <a href="https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/RWA?src=hash&ref_src=twsrc%5Etfw">#RWA</a> <a href="https://t.co/DKzxKTHGay">pic.twitter.com/DKzxKTHGay</a></p>— Everlodge (@EverlodgeHQ) <a href="https://twitter.com/EverlodgeHQ/status/1734201902387069327?ref_src=twsrc%5Etfw">December 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The scoop here lies in the luxury villas and hotels getting turned into digital assets/NFTs. Then these NFTs are divided into smaller bits. In other words, you can own a tiny chunk of a $3 million luxury villa. It's like owning a slice of the real estate pie without draining your bank account.
In the Everlodge ecosystem, there’s a marketplace where you can team up with others to own a fancy property and rake in some cash on the side. There is also a Launchpad feature that lets you jump in early on new property projects, enabling you to watch your investment bloom.
With a current price of $0.027, the Everlodge utility token, $ELDG gives you discounts on property buying and lets you catch a break on fees. As long as you’re a holder of the token, you're in for giveaways, shots at winning a property or two and other benefits.
Everlodge isn't just a project; it's a game-changer which will become the best new crypto to invest in.
