Although the growth of the crypto market has slowed, the Dogecoin price has remained relatively strong. The value of DOGE has increased by 17.70% in the last 30 days, and the Dogecoin price could rise to $0.1 in the near future. However, further analysis shows that the project continues to face certain difficulties. The Dogecoin miners sell their reserves, the whales convert their Dogecoin (DOGE) into fiat. As a result, holders are now switching to Solana (SOL) and Everlodge (ELDG), which are expected to provide better returns.
Could Miners’ Actions Be Bad News for Dogecoin (DOGE)?
At the time of writing, Dogecoin was trading at $0.09238. Daily trading volume was half a billion, most indicators look strong. However, miner activity suggests that Dogecoin growth may have peaked in 2023.
Recent data from IntoTheBlock shows that Dogecoin miners have unloaded their reserves. In total, over 240 million DOGE (approximately $25 million) were sold. According to analysts, this shows that miners could continue to sell DOGE. Further data on crypto whales reveals that $41.5 million worth of DOGE has been sold for fiat, meaning Dogecoin’s (DOGE) recent bull market may be coming to an end.
Solana (SOL) bull run continues to shock the market
Solana (SOL) was one of the best performing cryptocurrencies in the fourth quarter. The value increased by more than 270%, Solana’s daily trading volume has consistently exceeded the 2 billion mark. Since the current development remains positive, experts believe that the Solana price could rise further in December.
Solana (SOL) recently hit a yearly high of $79.6 but has since declined slightly to $74.90. Despite this decline, Solana (SOL) is still up 25% in the last month, meaning the altcoin remains very popular.
A new chart analysis now suggests that Solana could soon be facing a correction. The daily price movement shows that the Solana price is stuck between two converging trend lines. This rising wedge pattern often triggers a correction. As a result, investors who buy soon can still benefit from short-term increases before the value of Solana (SOL) declines again. Because initially SOL is likely to run upwards before profit-taking pushes Solana downwards.
Everlodge (ELDG) could challenge the top altcoins in 2024
As trust in Dogecoin (DOGE) declines, investors are looking for new ways to grow their portfolios. A new project that offers a range of possibilities is Everlodge (ELDG). This exciting new altcoin is on track to generate returns of 280% during its presale. Experts believe the value could increase up to 35-fold upon release.
Everlodge (ELDG) is a unique project where investors can buy shares in vacation properties. This market is currently difficult to penetrate as it is surrounded by bureaucratic hurdles, high start-up costs and location restrictions. Everlodge eliminates (ELDG) all of these obstacles.
Instead of using traditional methods, investors can join Everlodge (ELDG) Sign up, search for properties you like and start investing. For every investment they make, users purchase an NFT that represents equity in a property. Depending on how much they own, they earn income in addition to the income from the property. For example, if they own 20% of a luxury villa that earns $10,000 per month, the investor will receive $2,000 per month.
Although Everlodge is not yet on the market, the project has already received significant attention from investors. Experts believe it could revolutionize one of the world’s largest industries. In addition to the marketplace, Everlodge (ELDG) will also offer a property development platform as well as a private members club and free stays in properties for ELDG token holders.
This diverse world of possibilities is on track to be a huge success in 2024. Currently, ELDG tokens can be purchased for just $0.027. However, the price will soon rise to $0.029 when the eighth stage of the Everlodge presale sells out.
Presale: Visit Everlodge
Telegram: https://t.me/everlodge
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