Elon Musk recently delivered a critical message to crypto holders: “Not your keys, not your wallet.” This statement shows the significance of retaining control over your digital assets, highlighting the risks of relying on third-party entities. This has ignited a surge in DeFi coin enthusiasm, propelling tokens like Arbitrum (ARB), Enjin Coin (ENJ), and Everlodge (ELDG) to the forefront of investor interest.
While Arbitrum and Enjin are already established altcoins, Everlodge is now in Stage 7 of its crypto ICO event. But, experts forecast a potential 3,000% value increase for this newcomer in 2024 – keep reading to find out why.
How High Can Arbitrum Go?
Amidst Musk’s crypto enlightenment, Arbitrum (ARB) has experienced a remarkable surge. The Arbitrum price increased from $1.05 on December 7 to $1.16 on December 8. This surge was helped by the recent news that Arbitrum submitted an ApeCoin DAO idea to create the ApeChain on its network.
When looking at the Arbitrum crypto’s technical analysis, we can deduce that this upswing will continue. It is now trading above its 21-day EMA while also having 21 indicators flashing buy signals. This showcases a bullish sentiment around Arbitrum.
Due to all these reasons, experts in the field have also made a bullish Arbitrum price prediction. They foresee this altcoin reaching $1.30 before 2023 ends.
Why Is Enjin Coin Going Up?
Similarly, the Enjin Coin (ENJ) has also experienced bullish momentum. Its value has jumped from $0.29 on December 1 to $0.34 on December 8. This surge can be attributed to the recent Enjin coin news that all transactions on its blockchain will be removed for three months.
The Fear & Greed index for Enjin Coin is also sitting at 72 (Greed). This fact and its value now above its 21-day EMA make the future bright for the Enjin Coin price.
Market analysts have taken note of these developments as they forecast a potential rise to $0.45 for Enjin Coin by the end of 2023. This makes Enjin Coin a good DeFi token to keep on your radar.
Everlodge (ELGD): The Best DeFi Crypto
Everlodge (ELDG) will emerge as a trailblazer, revolutionizing the real estate investment sector through blockchain technology. Essentially, Everlodge introduces a one-of-a-kind property marketplace that mints hotels and villas into NFTs and then fractionalizes them. Thus, on the blockchain, you can become a fractional owner of a real-life New York hotel for prices as low as $100.
Moreover, Everlodge utilizes smart contracts to automate all property-related tasks, such as rent distribution or maintenance. With this innovation, you will no longer need to do them manually – drastically improving efficiency and saving precious time. Integrating DeFi features into the real estate sector transforms the landscape, making it accessible to a global audience of investors.
The ELDG native token powers all these features. It will cover transaction fees on the NFT marketplace while providing discounts and exclusive monthly rewards just by holding it. These benefits are in great demand as over 30M tokens have been sold already. The crypto ICO is now in Stage 7 of its presale, and one ELDG token costs just $0.025. But, given that its value has surged 150% already, experts predict a further growth to $0.038 before the presale ends. This makes Everlodge the best crypto investment to make at the moment.
Final Thoughts
Elon Musk’s statement directs focus towards self-custody and DeFi projects. Among these projects, Arbitrum, Enjin, and Everlodge stand out. These altcoins show great potential with a growing emphasis on security and control in the crypto market.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
