The ApeCoin (APE) cryptocurrency has experienced a decline as the broader crypto market fell following a significant liquidity exit suffered by Bitcoin’s futures market. However, ApeCoin took a 12% hit and traded at the $1.40 range. Apart from the negative sentiment seen across the market, the decline of the ApeCoin price has also been due to the drop in demand for the cryptocurrency.
The count of addresses that made one or more on-chain transactions involving ApeCoin fell by 61% in mid-August. However, some analysts are still bullish on the crypto and believe that it will experience a rally soon. Based on the ApeCoin price prediction, it can reach $2.32 by the end of the year.
Decentraland (MANA) to Recover
The Decentraland (MANA) crypto has been in a downtrend since February 2023. It has formed new lows and has witnessed numerous short-term pullbacks. Moreover, in June of 2023, the Decentral crypto entered into a bullish trend and started to rise towards $0.50, but the move could not be sustained and was halted at the $0.44 price level.
The Decentraland price broke the trend line recently and mid-August went further down. It now needs to break past the $0.31 price barrier to reach new heights.
However, if bears successfully break the Decentraland support level at $0.29, the price might fill the lower wick and fall to $0.25. On the other hand, if it does break past $0.31, the Decentraland crypto can reach new heights. According to the Decentraland price prediction, it can reach $0.46 by the end of the year.
Everlodge (ELDG) Offers a 20x ROI Opportunity
Everlodge is an upcoming real-estate marketplace built on top of the blockchain that will democratize access to the global property vacation market, valued at $82.63 billion in 2022.
Through the implementation of tokenization of real-world assets on the blockchain, through Everlodge, anyone can buy fractions of ownership starting at $100. Investors can receive an NFT that will generate rental income as well.
All investors will also maintain self-custody and keep the fractions in their wallets. In addition, there’s a Rewards Club where investors can get free nightly stays at any available properties. Subsequently, if they do not want to use them, they can always sell them. The token can also be staked for passive income and used in governance.
The ELDG token is used to power the Everlodge platform and has attracted a lot of investors. Rising by 20% from the beta stage to Stage 1, it trades at $0.012. In addition, at the next stage, it will climb by an additional 33%. Analyst project that, by the time the project launches, it will provide 20x in ROI.
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