Market Analysts Forecast BNB and Dogecoin Recovery, Predict 280% Surge for New Project

Binance Coin (BNB) Quarterly Burn and Price Analysis

Binance Coin (BNB) recently celebrated its 25th quarterly burn event, during which 2.14 million BNB tokens were burnt. This strategic move is aimed at reducing the supply of BNB and consequently increasing its price. Post the burn, BNB experienced a 3% price hike, reaching $213. The coin has maintained a 3.3% gain on the weekly chart.

Analysts observe that BNB is currently trading between $205.23 and $222.43, with initial support at $195.97 and a stronger support level at $178.77. Furthermore, the BNB Chain has witnessed increased network activity, particularly with the recent release of the Greenfield mainnet. Analysts are optimistic about BNB’s future, predicting a price surge to $230 in the upcoming weeks.

Dogecoin (DOGE) Price Analysis and Market Trends

Dogecoin (DOGE) has been experiencing a period of stagnation, struggling to surpass the $0.06 mark for the past two months. The coin’s daily transaction volume has declined, indicating waning interest among users. Dogecoin’s price slipped from $0.06011 on October 16th to $0.058986 on October 18th.

Moreover, developmental activities on the Dogecoin network have slowed down recently. Despite these challenges, crypto analysts remain optimistic about DOGE’s future, especially after its listing on BitTrade. They anticipate Dogecoin’s price to rebound to $0.0723 once market conditions improve.

Everlodge (ELDG): Revolutionizing Real Estate Investment

Everlodge (ELDG) has emerged as a promising project in the crypto market. In response to the booming global tourism sector, Everlodge aims to democratize real estate investment through its Web3 platform. The platform allows people to buy and sell real estate properties affordably by leveraging the fractionalization of Non-Fungible Tokens (NFTs).

NFT fractionalization involves dividing NFTs representing real estate properties into fractions, enabling individuals to invest with as little as $100. These NFTs hold tangible value and can be used as collateral for loans. Currently in its fifth presale stage, Everlodge offers its ELDG tokens at just $0.02. Token holders enjoy passive income, discounts, governance rights, and even a chance to win a free vacation to the Maldives. Analysts predict ELDG’s value to surge by 280% by December.