The cryptocurrency market has entered another bull cycle, with several assets showing major price movements. Among these, Dogecoin, Pepe, and Everlodge have emerged as top cryptos to trade right now. Let's find out why traders are going after these three altcoins.
Dogecoin Has Formed a Historic Pattern, Traders Show Excitement
Although Dogecoin didn't start 2023 on a bullish note, the top meme coin has been showing positive signs. In "Uptober" the price movement of Dogecoin changed and broke out of a long-term bearish pattern. Analysts have spotted a historic pattern that could mean more gains for DOGE.
According to on-chain metrics, since 2014, Dogecoin price has recorded one bullish November, sandwiched between two subsequent losses. 2023 has been earmarked as a bullish year for Dogecoin. The price of Dogecoin has confirmed this, closing with a weekly gain.
Dogecoin closed in November 2020 with a gain of 38.7%. Analysts have predicted that the trend could repeat itself. Some have stated that Dogecoin could rake in even more gains. AngeloBTC, a top crypto trader has predicted a rally to $1 over the next few months, making DOGE a great crypto to trade.
Pepe Volatility Has Hit a Record High, Traders Jump in
Since May when Pepe Coin rallied to its all-time high, there has been decreasing interest in the frog-theme meme coin. However, PEPE has now recorded a significant change of trend. The Pepe coin price achieved an impressive 60% increase in October.
In addition, CoinPedia has reported that the volatility of the meme coin has jumped to a four-month high. The volatility of the meme coin increased by a remarkable 172%. This has made Pepe a great altcoin to trade as investors are expecting a price move.
The price forecast for Pepe has also remained bullish. Pepe recently reclaimed the $0.000001140 level, with analysts expecting an even higher price. According to the CoinPedia Pepe price prediction, if it breaks above the $0.00000148 barrier the meme coin could rally to $0.00000188 in the coming days.
Everlodge (ELDG) Taps $280 Trillion Industry for Massive Growth
Another altcoin that has been highly rated by crypto traders is Everlodge (ELDG). The high rating from Everlodge comes from its links to one of the biggest markets in the world - the $280 trillion real estate industry.
The liquidity of this market has given Everlodge more potential than the majority of the new projects in the market. Industry experts have supported Everlodge because of its great plans to transform real estate investment. Everlodge has unveiled a property marketplace to achieve this novel goal.
On the marketplace, properties (hotels, vacation homes, and luxury villas) will be digitalized and listed as NFTs. These NFTs will be fractionalized, with each fraction representing a share of the property. Using this method, Everlodge will allow investors with only $100 to participate in real estate investment.
Meanwhile, analysts have given bullish predictions for the Everlodge token, ELDG, because of its links to the real estate industry. Crypto analysts have predicted a 35x price surge for ELDGin the next bull market. Now, investors have a great opportunity to join Everlodge as it only trades at $0.023 in its sixth presale stage.
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