Shiba Inu Burn Rate Soars, TRON Sees a Price Dump Following FTX Asset Liquidation; Everlodge Tipped By Analysts to Become a Top Crypto
The post Shiba Inu Burn Rate Soars, TRON Sees a Price Dump Following FTX Asset Liquidation; Everlodge Tipped By Analysts to Become a Top Crypto appeared first on Coinpedia Fintech News
The Shiba Inu (SHIB) burn, designed to reduce the circulating supply of the token, soared in the past 24 hours. Another notable development in the crypto market is the dip in the price of TRON (TRX). This coincides with the recent liquidation of assets by FTX.
Meanwhile, Everlodge (ELDG), an up-and-coming utility token, is tipped to become a top altcoin by analysts. In this post, we will cover these developments. Continue reading to learn more.
Shiba Inu (SHIB): Surge in Burn Rate
This meme-inspired token is one of the most popular in the meme ecosystem and the overall crypto market. Apart from its memetic appeal, Shiba Inu (SHIB) is also well-known for its burn mechanism.
Shiba Inu coin news today revealed a sharp increase in the burn rate. Over 27 million SHIB tokens were burned in the last 24 hours, according to data by Shibburn. This is a growth of more than 2,500%, and it is expected to rise in the future.
There has been excitement in the crypto community regarding this Shiba Inu news. Also, a significant rally in its price might be imminent.
TRON (TRX): Price Dip Influenced by FTX Liquidation
TRON (TRX) is presently seeing a decline, despite the overall crypto market being in an uptrend. The notable event connected to this decline is the asset liquidation of the FTX exchange.
Investing.com reports that FTX has liquidated a significant amount of assets. According to the news platform, between 75 and 161 million TRON were just moved from FTX to Binance The motive behind this transfer is likely selling, which has added pressure on the TRON coin.
Lately, the price of the TRON cryptocurrency has been in decline. Further, experts’ TRON price predictions have it that there will be more declines in the coming days or weeks.
Everlodge (ELDG): A Potential Top Crypto Coin
Among the numerous tokens in the ICO space, Everlodge (ELDG) has been tipped by analysts to become a top altcoin. This is because of its innovative concept, which aims to disrupt the real estate market. With this, it is poised to become a major force in the trillion-dollar property industry.
The team’s unique approach to real estate will make luxury property investments and ownership accessible to investors and enthusiasts. Up until the emergence of Everlodge, owning high-value properties was reserved for the wealthy. But that is about to change.
Everlodge plans to democratize access to the property market by utilizing a fractional investment model and blockchain technology. Properties will be digitized and minted as NFTS on this exclusive marketplace, and further fragmented into bits.
Therefore, users can purchase shares in a vacation house in a highly sought-after location, such as Hawaii, for as little as $100. This, in addition to its integration of NFT and smart contracts—tipped as the future—will propel its growth.
At its current price of $0.025, Everlodge is a steal compared to either Shiba Inu or TRON. This is because of its significant growth potential, meaning it might likely surpass these well-established tokens.
