Crypto Blog
Since November 2021, the cryptocurrency market has been experiencing a decline – the crypto winter. Although the declines have eased, many analysts have forecasted an extension of the winter. In this extension, how will two top projects, Dogecoin and BNB perform?The official Dogecointeam has issued a warning to its community members. The post shared by its official X account reminds users, “Not your keys, not your coins.
Musk’s X Everything platform is looking to add a payment network soon. Some analysts have proposed that DOGE could be integrated, leading to a potential rally.Another crypto that has struggled in the extended winter is BNB or Binance coin. Since the BNB coin peaked at $686 in 2021, its price has been on a decline. Since then, the altcoin has dropped to $205 in October, approaching the key $200 support level.
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 drop by 10% to $180. However, if it manages to hold this level, then the price of BNB could increase in the coming days.Unlike the rest of the crypto market, Everlodge has been bullish, rallying to $0.020 in October. This represents a 100% price increase in the last two months.
Everlodge will use NFT fractionalization to achieve this. The platform will mint NFTs to represent luxury properties. Then, these property-backed NFTs will be divided into shares representing portions of a property. Using this method, investors will be able to buy shares of vacation property from as low as $100.
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