The Shiba Inu army has not slowed down with their token burn strategy. According to recent data, the Shiba Inu token burn skyrocketed by 12,000%. Meanwhile, the Pepe meme coin has lost its bullish price movement as a new coin surged 100%.
Shiba Inu (SHIB) Burn Rate Skyrockets 12,840.60%
Shiba Inu (SHIB), the Dogecoin killer, has caused a lot of excitement, thanks to new launches in the past month. Shiba news revealed that Shiba Inu's burn rate has increased. Based on the latest information from Shibburn 173 million SHIB tokens were burnt on November 7th. This burn signified an increase of 12840.60%.
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The high burn rate shows that people are feeling positive about Shiba Inu cryptocurrency. The recent increase in Shiba Inu token burn comes after a recent whale transfer. According to Whale Alert , a whale address called Paribu transferred 2,481,402,022,140 #SHIB ($20.9 million) to an unknown address.
This transfer adds to the recent whale transactions of Shiba Inu coins in the past month. The token and whale transactions seemed to have affected the price of Shiba inu positively. According to CoinMarketCap, the Shiba Inu price has increased 4.6% and reached $0.00000826 in the first week of November.
Pepe (PEPE) Price Drops, is There Still Hope?
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In late October, Pepe coin price joined in the market rally led by Bitcoin's move to the $35k level. The price of Pepe cryptocurrency skyrocketed from $0.00000061 to $0.00000136, which is a 124% increase. Unfortunately, the Pepe meme coin lost its upward momentum in November.
As a result, the frog-themed meme coin suffered major losses. Pepe Coin's value dropped from its highest point of $0.00000136 to $0.00000115, which is a 23% decrease. However, this drop looks like a bullish flag pattern, which usually means the price might go up again.
If this pattern continues, the Pepe price could reach $0.0000014 next, which is a 22% increase, and maybe even go up to $0.0000019. Besides, Pepe coin technical indicators support those trends. The value of Pepe crypto is above the 50 and 200-day EMAs and its RSI is above the 50 mark.
Everlodge (ELDG): Investors Migrate To ELDG for More Gains
While Shiba Inu is seeing gains and Pepe seeing losses, investors are migrating to a newer project called Everlodge. Everlodge's ELDG has caught the eye of investors. Additionally, Everlodge has big plans for cryptocurrency enthusiasts.
The platform's aim is to change how people buy and sell real estate properties. This would make it easier for more people to invest in real estate buildings. In the past, only the wealthy could do this because it required a lot of money. Fortunately, Everlodge has promised to overcome this hurdle by using NFT fractionalization.
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What does that mean? It means you can buy a piece or share of luxury houses as NFTs without purchasing the whole property. How? By pooling your money with others – that's co-ownership for you. Moreover, you can earn extra cash when these NFTs are sold or rented out.
In terms of security, Everlodge's smart contracts have been audited by InterFi Network and Block Audit. Currently, the Everlodge token price is valued at $0.023, which is more than double its initial price of $0.01. Just so you're aware, experts have predicted a 3,000% price increase by the end of 2023.
