We have used Google Bard, one of the leading AI chatbots to scan the crypto market for three tokens with good price potential. In this article, we shall look at Google Bard's price prediction for Shiba Inu, Dogecoin, and Everlodge in Q4 2023.
Shiba Inu's (SHIB) Burn Rate Dropped in October
Shiba Inu (SHIB) remains one of the top memecoin in the crypto space despite the bear market. The Shiba Inu community is currently working on developing a decentralized ecosystem. Reports from Shibburn showed that there was a significant decrease in the number of SHIB tokens burned in October.
According to Shibburn, the Shiba Inu community destroyed almost 1.46 billion SHIB tokens in October. In actuality, the burn rate for tokens in October was 37.12% lower than in September. The drop in the burn rate may indicate that investors are becoming less confident in Shiba Inus. They aren't actively taking part in the SHIB token burn as a result.
As a result, they are not actively participating in the SHIB token burn. According to Shiba Inu CoinMarketCap data, the Shiba Inu price lost the key $0.00000800 level in November. Still, Google Bard's Shiba Inu price prediction remains bearish. Google Bard has forecasted the price of Shiba Inu token to reach $0.00000887 in Q4 2023.
Dogecoin (DOGE) Bearish Despite DOGE Day
The price of Dogecoin (DOGE) has increased by 20% in the past 10 days amid the Uptober market rally. On November 2nd, the memecoin community celebrated 2023 "DOGE Day." This day represented the birthday of "Kabosu," the dog that inspired the original "doge" meme.
Meanwhile, historical data trends showed that whale trading activity increased in 2022. The same thing happened in 2023 as whale transactions rose from 790 on October 24th to 1,090 on November 1st. Notably, the price of Dogecoin crypto skyrocketed 100% from $0.060 to $0.12 in 2022.
If history repeats, Dogecoin USD could see more upward price movement in the coming days. Unfortunately, Dogecoin CoinMarketCap info showed Dogecoin cryptocurrency dropped 3.1% to $0.067463. As a result, Google Bard has predicted that the chances of a 100% rally are low.
Everlodge Allows Investors to Pool Resources To Buy Real Estate Properties
Cryptocurrencies like Shiba Inu and Dogecoin are quite popular in the crypto space. However, new underdogs like Everlodge's ELDG have caught investors' attention. Everlodge is preparing to launch a new feature that will change the way individuals purchase and sell real estate.
Encouraging more individuals to invest in real estate is their primary objective. Because real estate investing required a large initial investment, many people were afraid to do so in the past. Fortunately, Everlodge has promised to solve this problem by using NFT fractionalization.
This means you can buy shares in luxury houses as NFTs without having to buy the whole property. How can you do this? By simply pooling your resources with others. In addition, you can earn extra income when these NFTs are rented out or sold.
Currently, ELDG is valued at $0.023, which is over a 100% increase from its starting price of $0.01. So you know, analysts have predicted a 3,000% increase before the end of 2023. So, get in and join the best crypto project before it is launched.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.