XRP Forms Historical Pattern, Shiba Inu and Everlodge Set for Massive Rally in August
Mid-way into the month of August and cryptocurrencies are beginning to build momentum.Regardless of the SEC’s challenges, XRP has formed a 5-year-old historical bullish pattern.Meanwhile, on-chain data for Shiba Inu (SHIB) and Everlodge (ELDG) have also turned bullish, with crypto experts predicting a massive rally for the altcoins.
Summary
– XRP has formed a 5-year-old historical pattern that led to a major price surge
– On-chain data turn bullish for Shiba Inu ahead of Shibarium launch
– Investors double down on Everlodge stake as experts predict rally in 2023
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XRP (XRP) Forms Historic Pattern Despite SEC Challenge
After the July 13 verdict, the Ripple (XRP) community believed they had scored a big win over the SEC.However, only a few weeks later, the regulator will challenge the victory in the Ripple lawsuit, turning the XRP chart temporarily bearish.
However, things have turned around for the XRP coin as a historic pattern now appears on the charts.
Yesterday, XRP managed to reclaim the 20-day and 50-day SMAs (simple moving averages) against Bitcoin (BTC).
When XRP was above this level from late 2017 to 2018, the price of XRP increased by more than 15,400%.
A magnitude of this magnitude will cause the XRP price to achieve a new all-time high of $98 from its current price of $0.6339.
Shiba Inu (SHIB) Turn Bullish in Anticipation of the Shibarium Launch
Shibarium, Shiba Inu’s layer 2 network (SHIB), is one of the most anticipated debuts in the crypto industry.With Shibarium finally ready to launch this week, all metrics of Shiba Inu are hinting at a price increase for the meme coin.
Shibarium will be the first step towards providing utility to the meme coin, according to the SHIB team.
In anticipation of this, members of the community have increased the Shiba Inu burn by 282% this week to reduce the token supply in circulation.
The Shiba Inu price is currently $0.00001020, but crypto analysts foresee a 20% increase.More bullish forecasts have SHIB trading as high as $0.00001500 if the Shibarium launch gains traction.
Investors Stack Everlodge (ELDG) Tokens Ahead of Price Surge
Just like XRP, crypto analysts are bullish on
Everlodge (ELDG), estimating a 350% price increase over the next month.They are bullish about this project because it is creating a property marketplace on the blockchain that will allow users to make fractional investments in hotels, holiday houses, and luxury villas.
The new innovative model that Everlodge sets it apart from other real estate crypto projects.
It will be the first project in the world to combine fractional vacation home ownership with timeshare and NFT technologies.
Users on Everlodge can trade their asset-backed NFTs on the Everlodge marketplace or any other ERC20-compliant marketplace.Those who purchase the Everlodge token can also stake it to generate monthly passive income.
In addition, holders of the native token,
ELDG, will receive preferential discounts when purchasing property on the marketplace.
This provides investors with the highest level of security and transparency.Everlodge is now in the Beta phase of its presale, offering investors an opportunity to buy the token at $0.01 before the rally to $0.35.
Find out more about the Everlodge (ELDG) Presale
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