Will Shiba Inu (SHIB) Reach $1? This New Altcoin Has Grown 170%

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January 3, 2024
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3 min read

Shiba Inu (SHIB) holders claim the coin will reach $1 by the next bull run. That would be a 9661740% increase from its current price of $0.00001035. It is such a giant leap that investors have shifted focus to newer coins with realizable growth potential, like Everlodge (ELDG).

Everlodge (ELDG) is a new crypto project that brings real estate wealth to blockchain users. The coin’s presale started four months ago, and the unit price has skyrocketed by 170%, from $0.01 to $0.027.

Let's see why investors are interested in these two coins.

Will Shiba Inu Coin Reach $1? 

According to recent Shiba Inu news, the meme coin has lost over 90% of its all-time high value. During the 2021 crypto bull run, SHIB soared by 43,800,000%, turning holders into overnight millionaires. But the picture is different today as the coin has plunged terribly.

The prevailing bear market is a significant reason for Shiba Inu’s drop in value. All cryptocurrencies have dropped steadily in price in the past few months, and SHIB is no exception.

Additionally, the growth of meme coins like Shiba Inu (SHIB) depends on speculation. Since they have no actual utility, their values increase only when there’s a lot of hype around them. Once the hype dies down, the coin starts to drop in value. When Shibarium (Shiba Inu L2) was first announced, Shiba Inu enjoyed some hype that aided the coin's value, but it didn’t last long.

Apart from these reasons, SHIB has a mathematical barrier stopping it from reaching $1. With a current market cap of $6B, a unit price of $0.0001, and 589.32T SHIB in circulation, the coin needs to rise by more than 900000% to reach $1. This means the market cap would become $54,000,000,000,000, which is practically impossible as the entire crypto market value is just $1.68 trillion.

Hence, investors are flocking to new coins yet to experience the bull run like Everlodge (ELDG) for massive rewards.

Everlodge (ELDG) Presale - 30x Your Investment!

Although new in the market, Everlodge (ELDG) has performed well since the launch of its presale. Analysts have predicted a 30x rally for the coin by the time it launches on major exchanges.

This is unsurprising because the Everlodge project centers on an innovative concept — blockchain real estate. It is building a blockchain-based property marketplace where users will make fractional investments in hotels, vacation homes, and luxury villas.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">We're thrilled to announce that our website just got a makeover! 💻<br><br>Check out the fresh look and discover the NEW features we've added. It's all about making your experience even better!<br><br>Plus, remember that our Presale is still ON. <br><br>Explore now: <a href="https://t.co/SIYWBylwQD">https://t.co/SIYWBylwQD</a><a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw">#RWA</a> <a href="https://t.co/aTuT8x7z36">pic.twitter.com/aTuT8x7z36</a></p>&mdash; Everlodge (@EverlodgeHQ) <a href="https://twitter.com/EverlodgeHQ/status/1716543605576241503?ref_src=twsrc%5Etfw">October 23, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Everlodge (ELDG) is the first of its kind to merge fractional vacation property ownership, timeshare, and NFT technology. In other words, investors can own a fraction of deluxe residences at a low cost. With just $100, they can hold a fractional NFT that possesses the market value of these properties in real-time.

Not only that, but NFT holders get to enjoy perks like booking discounts and holiday freebies on vacation properties. They are in charge of their assets and may trade their asset-backed NFTs on any third-party ERC20-compatible marketplace.

ELDG is the native token powering this crypto project. As the project gains traction and more people buy into the vision, the coin's value will continue to rise, rewarding investors big time. Don’t miss this opportunity for 30x returns. Join the Evelodge (ELDG) presale and buy the coin cheaply at $0.027.

Visit Everlodge

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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].

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