Shiba Inu army is still burning SHIB tokens as they try to reduce the token's supply. Meanwhile, the BNB coin has shown poor growth amid the latest price surge. On the other hand, Everlodge bulls are getting ready for another price increase.
Shiba Inu (SHIB) Burn Rate Soars 112.20%
Shiba Inu (SHIB) had a tough time in Q3 2023 but has shown more growth in Q4 2023. According to Shibburn's data, Shiba Inu's burn rate went up 112.20% on October 27th. Over 56,436,887 $SHIB tokens were burnt and moved to inactive wallets.
This continuous burn shows how determined the protocol is to reduce the number of circulating tokens. With this latest burn, about 410,661,561,739,182 SHIB tokens have been moved to inactive wallets. Shiba Inu’s price recorded double-digit gains on October 26th, after a three-month decline.
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The token rose to a high of $0.00000820. However, the price of Shiba Inu coin has dropped on October 30th to $0.000007894. Yet, Shiba Inu enthusiasts are still bullish on Shiba Inu's price. With a price increase of 10.70% in the last 7 days, Shiba Inu is outperforming the global cryptocurrency market which is up 7.80%.
BNB (BNB) Continues Sideways Movement
Recently, there were high price increases in the cryptocurrency market as most coins saw double-digit gains. Unfortunately, BNB (BNB) only increased 2.5%. This slow growth shows the reduced interest of investors in BNB tokens despite being among the top 5 coins.
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In simple terms, the price of BNB has been stuck between $204.5 and $220.12 since mid-August. It tried to go higher several times but failed, so it has been moving sideways. However, in October, BNB finally managed to go past the $220 mark. The last time it achieved this was in September.
Notably, BNB's price has increased 2.5% in the past week to reach $227. Now, bulls must climb past the $228 resistance to spark a rally for the price of BNB. If this happens, Binance Coin will rise to test the resistance at the $235 level.
Everlodge (ELDG) Has Capitalized on the Growth of Vacation Rentals
Vacation rentals have been booming since the end of the Covid-19 lock down. A recent research report reveals that there are over 17.5 million guest rooms worldwide. However, people who fall within the middle or low-income bracket have turned blind eyes to this opportunity.
Why? The high capital cost needed to invest in real estate properties. Luckily, Everlodge is here to help and promises to simplify property investment. They've adopted blockchain technology to transform real estate into NFTs, which can be divided into smaller parts. So you know, anyone can purchase these NFTs for as little as $100.
Also, the value of these NFTs increases as the properties appreciate. Moreover, these NFTs are unique. You can trade them or even use them as collateral for loans on Everlodge. Meanwhile, Everlodge has already successfully completed five phases of its presale.
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During this time, the value of its token, ELDG, jumped by more than 100%, going from $0.01 to $0.23. Based on expert analysis, ELDG's price will keep rising as the presale continues. Besides, experts have predicted a 10x increase in ELDG's value by the end of 2023.
