Amid the crypto market’s turbulence, Shiba Inu (SHIB) shines with a recent bullish upturn, defying broader bearish trends. Overcoming Shibarium setbacks, SHIB’s resurgence is backed by enhanced scaling. Meanwhile, Everlodge innovates luxury real estate through blockchain, bridging the real estate and crypto together.
Shiba Inu’s Uptrend Revival
Shiba Inu (SHIB), the well-known canine-themed cryptocurrency, has displayed a bullish trend in the last 24 hours despite the overall bearish sentiment across the cryptocurrency market. This recovery comes in the wake of a recent price dip following concerns related to the Shibarium project.
Market Setback and Shibarium Challenges
In the recent past, SHIB experienced a significant price drop due to escalating FUD (Fear, Uncertainty, Doubt) fueled by issues surrounding the debut of Shibarium, a Layer 2 (L2) solution. The project encountered hurdles on its initial launch, leading to an 11% decrease in SHIB’s price from $0.00000936 to a low of $0.00000725.
Swift Recovery: SHIB Price Moving Upward
However, SHIB has rapidly regained its bullish momentum, primarily attributed to the upcoming public relaunch of Shibarium. Analyzing the SHIB/USDT 1-day chart reveals a sequence of green candles over the past three days, signifying the resurgence of bullish sentiment and driving SHIB’s price back above $0.000008.
Shibarium Relaunch and Scaling Improvements
Shibarium, originally taken offline by Shiba Inu developers to address capacity issues, is set to undergo a public relaunch. The project’s scaling capacity has been boosted by a remarkable 1,500%, and technical enhancements have been implemented to enhance its stability. This move was prompted by Shibarium’s inability to handle the unexpectedly high influx of users during its initial launch.
Growing Holder Base Fuels Speculation
The SHIB community has witnessed a notable increase in the number of holders in recent weeks. According to data from the on-chain analytic platform CryptEye, there are now over 2.4 million non-zero SHIB wallets. This growing interest among investors has fueled speculation that the anticipated Shibarium relaunch could lead to further gains for SHIB.
At present, Shiba Inu is trading at $0.00000834, reflecting a 1.71% increase in the past 25 hours, showcasing the cryptocurrency’s resilience in the face of market challenges.
Everlodge: Bridging Luxury Real Estate and Blockchain
Beyond its promise of impressive returns, Everlodge (ELDG) distinguishes itself through its ingenious fusion of luxury real estate and blockchain technology. This convergence aims to democratize the exclusive realm of luxury properties, making them accessible to a wider audience.
Central to Everlodge’s strategy is its NFT-centric approach. By converting traditional property deeds into secure and highly liquid digital assets, Everlodge pioneers a space where the tangible world intertwines with the digital realm, marrying the excitement of crypto investments with the stability of physical assets.
However, Everlodge’s appeal goes beyond ownership. The platform’s Launchpad functions as a digital hub, fostering collaboration between property experts and the growing crypto community. It’s a dynamic space where opportunities are not just observed but actively cultivated, driving mutual growth and benefits.
For enthusiasts familiar with innovation, such as VeChain and Solana investors, Everlodge’s Rewards Club is an enticing proposition. Luxury experiences are reimagined as both indulgence and investment. The prospect of enjoying luxury moments and potentially capitalizing on them adds a new layer of appeal to Everlodge.
Fueling the entire Everlodge ecosystem is the ELDG token, a utility token facilitating transactions within the platform. Holding ELDG grants users staking rewards, cash prizes, discounts, and more, further enriching the ecosystem’s offerings.
While predictions in the volatile crypto landscape are uncertain, whispers in the industry suggest a potential 100x surge for ELDG. The multifaceted allure of Everlodge captures the attention of even seasoned VeChain and Solana investors, making it a venture difficult to overlook.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
