This article examines three emerging crypto trends. Tron (TRX) and Dogecoin (DOGE) have been on an uptrend. Meanwhile, Everlodge (ELDG), a new web3 project, has been attracting investors.
Tron’s uptrend continues
Tron has been performing well despite the current bear market.
According to a recent report, the network processed over 6.5 billion transactions. Meanwhile, its total value locked (TVL) is up by 2.23%, reaching an all-time high of $6.75 billion.
This expansion has driven TRX prices. With a market cap of $7.9 billion, the coin is up 9% in the last month, and is now a top 10 project.
Presently, TRX is facing resistance at $0.090. However, experts predict bulls to drive the coin above this mark towards $0.10.
Dogecoin prices fall
DOGE has remained inside a descending triangle since the start of 2023, declining by 17%.
Since then, DOGE has crashed to $0.05823 by October. However, the coin is approaching the bottom of the bearish descending triangle pattern, which may support prices. If bulls break above this bearish pattern, it could trigger an uptrend.
According to crypto analyst Ali Martinez, a breakout above this triangle could see DOGE retest $0.0835, with further gains likely pumping the coin towards $1.
Conversely, Martinez warns investors that the $0.0482 support is critical.
Everlodge aims to democratize real estate investment
Diverging from Dogecoin and Tron, Everlodge continues to gain prominence.
Everlodge seeks to democratize the hospitality industry by utilizing real-world asset tokenization.
This will allow anyone to invest in a digital asset, a non-fungible token (NFT) representing a hotel, vacation home, or luxury villa.
To make it more accessible to investors, the digital asset will be divided into smaller parts. This process, known as fractionalization, will convert the NFT of a $2 million hotel, for example, into 20,000 pieces. Consequently, Everlodge will offer the possibility for 20,000 investors to own a fraction of the hotel with shares starting at just $100.
Everlodge is currently in presale, and its native token, ELDG, is trading available for $0.023.
Find out more about the Everlodge (ELDG) Presale:
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