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After studying the market trajectories, experts have projected that Synthetix (SNX), Bonk (BONK), and Everlodge (ELDG) will return profits before the end of Q1 of 2024. Although the exact time for the bull run is still uncertain, experts are optimistic that the market resurgence will soon transition to a bullish market. While Synthetix (SNX) and Bonk (BONK) have been around the crypto sphere for some time, ELDG is a new DeFi coin, which analysts forecast will return 30x when the project is launched. Let’s look at what makes these tokens unique.
Everlodge (ELDG): Decentralizing Real Estate Investment
With crypto experts predicting massive surges for Synthetix and Bonk soon, Everlodge’s quest to decentralize the luxury real estate industry has triggered enormous attention from investors. Everlodge is one of the new DeFi companies interested in the real estate sector.
With the real estate industry very difficult for average earners to enter, Everlodge is developing a solution for fractional real estate ownership. That means real estate properties will be minted into digital NFTs, which investors can purchase fractionally for as little as $100. As the value of these assets increases, so will the value of the NFTs.
The platform also has a different ecosystem from which users can benefit. Such ecosystems include a marketplace for transactions, a developer launchpad for new projects, a members-only reward club, and a lending protocol where assets are used as loan collateral.
Although the Everlodge presale ended on January 29th, many activities are still happening within the platform. Having listed its native token, ELDG, an ERC20 token on the Uniswap exchange. Those who invested in this project early have gotten over 150%, with more to come when the project is launched in the coming weeks.
The ELDG tokens will be airdropped to users on February 16th as the project expands to other decentralized exchanges. While ELDG is still a new DeFi coin, analysts believe the project’s surging momentum could trigger a rally in the coming months. As such, analysts project a massive 100x ROI before the end of 2024, making it one of the top cryptos to buy and HODL for future profits.
Synthetix (SNX) Improves But Fear of Bear Trends Remains
Synthetix (SNX) witnessed impressive price performance in Q4 of 2023 before slightly slipping into the bear trend in the second week of January. The bear trends also continued for the past few weeks. However, the bulls are regaining control as the Synthetix weekly price charts show the token’s price has rallied by 13%.
In the past week, the token’s market capitalization surged from $945 million to more than $1 billion. It reflects that Synthetix is still dominant in the crypto market. With the token having surmounted the 21 and 50-day EMAs, analysts predict that the Synthetix price will trade above $4 before the end of the month.
Bonk (BONK) Broke Out of the $0.000012 Resistance Trendline as the Price Increases
Bonk (BONK) made an impressive end to 2023, posting a substantial 248% increase in the 90-day trading charts. The bullish pattern has continued in 2024, with the token recording an impressive 30% price rally in the past 7 days. This weekly price increase has made Bonk break out of the $0.000012 resistance level that has held it down for so long.
The Solana-based meme coin, Bonk, also shows bullish momentum across the daily MACD lines. With the buyers persisting above the 50 EMA, analysts project the Bonk price to cross $0.000025 before the end of Q1 of 2024.
For more information about Everlodge (ELDG) please visit their website.
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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