VeChain and Everlodge look more promising following this Dogecoin price prediction

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After a significant price rally in November, Dogecoin’s growth has started to slow. The number of investors buying Dogecoin has dropped dramatically, and its price has fallen by 3.39% over the last week. Now, as experts begin to make bearish Dogecoin price predictions, investors are buying VeChain and Everlodge. Both projects look significantly more promising and could offer strong returns in 2024. Here’s why. 

Dogecoin Miners Cash Out Following Price Hike

At first glance, Dogecoin’s performance looks strong. DOGE is up 17.70% in the last 30 days, and the project is on track to hit $0.1 by the end of December. However, further examination of Dogecoin’s on-chain data shows that perspectives and behavior are shifting. While prices have looked bullish, miners are acting bearish towards Dogecoin.

Over the last three weeks, Dogecoin miners have been offloading their reserves. Data from IntoTheBlock shows that the reserves held by Dogecoin miners have decreased from 4.64 billion DOGE to 4.4 billion since November 21st. This 240 million DOGE decline (estimated to be worth $25 million) signals that Dogecoin miners may be trying to cash out at the project’s peak. 

This interpretation is supported by recent Dogecoin whale movements. Over the last week, one large investor moved 450 million DOGE between wallets and converted approximately $41.5 million DOGE into fiat. Due to this bearish activity, experts predict that Dogecoin’s value could fall during Q1.

New VeChain Partnership Could Drive Up VET In 2024

VeChain has experienced a dramatic price rally of over 50% in the last month. This was triggered by general market trends, as well as a new partnership and rebranding. VeChain has rebranded to VeChain Thor and partnered with Boston Consulting Group (BCG). BCG is an American global management consulting firm and is ranked among the world’s three largest management consulting firms.

This new partnership with BCG is designed to help VeChain penetrate real-world markets. Such adoption would be a significant boost for the VeChain ecosystem, and would drive up the value of VET, which is currently trading at $0.03283. 

Crypto analysts are now extremely bullish about VeChain’s long-term developments, though in the short term, some believe that Everlodge could be a more profitable investment. 

Everlodge Offers A Plethora Of Income Opportunities 

Everlodge has become one of the most promising DeFi presales. It’s already offered significant returns to early investors, and its ecosystem is unlike anything currently available. Everlodge is a DeFi marketplace that lets investors fractionally invest in travel properties. It removes many of the barriers to entry and allows investors to invest within minutes. 

Properties on the Everlodge marketplace are first minted as NFTs. These NFTs are then fractionalized, and investors can buy fractions for as little as $100. Every NFT holder will earn an income based on how much of a property they own, and their NFT’s value will rise if the property’s value increases. 

This seamless investment process lets Everlodge users build a diversified portfolio with ease, removing red tape and market barriers that currently surround the industry. Everlodge’s ecosystem will be powered by ELDG tokens. Tokens are currently trading at $0.027 and are expected to rally 30x on the project’s launch day. 

ELDG token holders will be granted a myriad of benefits, though one that stands out is a timeshare-like reward. Token holders will be granted free stays at properties within the Everlodge ecosystem, giving them a free holiday. Alternatively, they can sell this timeshare on a platform such as AirBnb for additional profit. 

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