Everlodge defies the bearish trend, but what’s next for Dogecoin and BNB as crypto winter spreads?

Since November 2021, the cryptocurrency market has experienced a decline: crypto winter. Although falls have decreased, many analysts have predicted an extension of winter. In this extension, how will two important projects, Dogecoin and BNB, perform?

Meanwhile, Everlodge continues to defy the downtrend, rising to $0.020.

Visit the Everlodge pre-sale and win a luxury vacation in the Maldives

Dogecoin Team Issues Warning to Community Members

The official Dogecointeam has issued a warning to its community members. The publication shared by its official X account reminds users: “Not your keys, not your coins.” The Dogecoin team also reminded their community that they are now in the prolonged crypto winter.

Since November 2021, Dogecoin price has fallen from $0.030 to $0.0583 in October 2023. Despite its increasing declines, crypto analysts remain bullish on DOGE. Elon Musk’s continued support is one reason why analysts remain optimistic.

Musk’s X Everything platform is looking to add a payments network soon. Some analysts have proposed that DOGE could integrate, leading to a possible rally.

BNB price nears key $200 level

Another cryptocurrency that has had problems during the long winter is BNB or Binance. Since the BNB coin reached a high of $686 in 2021, its price has been declining. The altcoin has since fallen to $205 in October, approaching the key $200 support level.

Another reason for the BNB price drop is the regulatory challenges faced by Binance, its parent exchange. Binance is currently in a lawsuit against the US SEC. As a result, bearish pressure has been increasing on the BNB coin.

For BNB, $200 is a key level as it could determine the short-term direction of the coin. A break below this level could see the altcoin fall 10% to $180. However, if it manages to maintain this level, the BNB price could rise in the coming days.

Everlodge defies bearish trend and rises to $0.020

Unlike the rest of the cryptocurrency market, Everlodge has been bullish, rising to $0.020 in October. This represents a 100% price increase in the last two months. The project has been bullish due to its unique use case, which has attracted investors from across the crypto space.

Everlodge is building a marketplace to offer investors the perfect fractional investment in vacation rentals. By combining blockchain, Web 3 and nft, Everlodge will eliminate the complexities associated with traditional real estate investing. As a result, there has been great interest in the project.

Everlodge will use nft splitting to achieve this. The platform will mint NFTs to represent luxury properties. These property-backed NFTs will then be divided into shares that represent parts of a property. With this method, investors will be able to buy shares of vacation properties for as little as $100.

This innovative new platform seeks to revolutionize the way people invest in vacation homes. As a result, some crypto analysts have called it a possible unicorn project.

Learn more about Everlodge (ELDG) pre-sale:

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge

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