Dogecoin is down over 15% in the past 30 days, and over 10% on a year-to-date basis. What’s going on with Dogecoin, and why is Everlodge seeing price appreciation in the third stage of presale? You’ll find out here.
Dogecoin’s recent performance is especially weak compared to the overall market. Volatility seems to be a problem for long-term Dogecoin investors, although Dogecoin’s blockchain uses the same proof-of-work mechanism as Bitcoin, and Dogecoin’s mining code was originally copied from LuckyCoin, another fork of Litecoin.
Initially invented as a joke, Dogecoin is still the eighth-ranked cryptocurrency by market cap, mainly due to its significant popularity and strong community. While Bitcoin is considered a long-term investment, Dogecoin sees its use case in small daily transactions, but keep in mind that meme coins usually have no intrinsic value.
Recent developments, mainly inspired by none other than Elon Musk, might have the potential to pave the way for Dogecoin’s future growth if a real-world use case applies. Musk said he is working with Dogecoin developers to improve transaction efficiency, and the DOGE developers are also currently working on a new major Dogecoin core.
The ongoing development of the Dogecoin network makes it competitive with other digital currencies and might, therefore, go into a more bullish future if the upgrades meet their targets. Musk’s announcement that Tesla is looking for an energy-efficient way for transactions led to speculation that Dogecoin might be the one to replace BTC. This decision of Tesla and Musk will be essential to Dogecoin’s price movement. Nevertheless, some leading crypto experts look with skepticism at the long-term prospects of Dogecoin.
Everlodge will offer a groundbreaking platform that revolutionizes the luxury real estate market. The Everlodge marketplace translates the value of luxury hotels, vacation homes, and more into fractionalized NFTs, making investments possible from as low as $250. Anyone can invest and earn fixed passive income while benefiting from several special offers like free stays in properties in the ecosystem for investors.
Everlodge seeks to reshape the real estate sector by using blockchain technology to democratize access to high-end properties. Everlodge is based on the Ethereum network, and the smart contract is fully audited with full transparency and security for investors’ funds.
The unique business model and the massive demand of the global housing market are just two of the reasons that analysts are confident in Everlodge’s value proposition. They see a possible growth of 4000% at the final launch. The native token is ELDG, right now in stage 3 of the presale, and is available for just $0.018 on the official Everlodge website.
Find out more about the Everlodge (ELDG) Presale
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