As Turkey’s Crypto Adoption Rate Spikes, What’s Next for Shiba Inu (SHIB), Dogecoin (DOGE) and Everlodge (ELDG)?
Recent KuCoin data indicates that crypto adoption in Turkey has surged from 40% to 52% over the past year. This dramatic increase in crypto adoption in Turkey raises essential questions about the future of cryptocurrencies like Shiba Inu (SHIB), Dogecoin (DOGE), and Everlodge (ELDG). Keep reading to discover how this may impact these three popular tokens.
Shiba Inu (SHIB): Beneficiary of Growing Interest
As Turkey’s crypto adoption rate climbs, meme coins like Shiba Inu (SHIB) could see increased attention. Shiba Inu gained popularity due to its playful community and high token supply. The growing interest in cryptocurrencies within Turkey may lead to more users exploring Shiba Inu as a potential investment or means of participation in the crypto market.
In recent Shiba Inu news, Shytoshi Kusama mentioned an impending milestone of 1M transactions on the Shibarium L2 network. Moreover, experts have noticed this interest in the Shiba Inu coin as they predict prices.
As a matter of fact, many of them see the Shiba Inu price soaring to $0.00001078 by the end of 2023.
Dogecoin (DOGE): A Familiar Favorite
Dogecoin (DOGE), the original meme coin, has a strong association with meme culture. As crypto adoption continues to rise in Turkey, Dogecoin could become even more popular. Especially among users seeking a crypto asset with a lighthearted appeal. Its established status and widespread recognition could make it a go-to choice for new investors.
Recently, there have been reports that the upcoming Elon Musk biography will reveal that he funded the development of Dogecoin. According to the Wall Street Journal, the biography will also discuss his plans to introduce a social networking platform that uses Dogecoin as payment.
Market analysts are bullish about the Dogecoin value as it continues gaining mass appeal. In fact, many of them forecast that the Dogecoin price will sit between $0.089 and $0.098 within Q4 of 2023.
Everlodge (ELDG): Real Estate Meets Crypto
Everlodge (ELDG) presents an interesting case within the context of Turkey’s crypto adoption surge. While meme coins like Shiba Inu and Dogecoin capture the imagination of the masses, Everlodge tackles real-world issues. To clarify, Everlodge will build a property marketplace where users can become fractional owners of luxurious property on the blockchain.
It accomplishes this by digitizing and minting high-end vacation homes and villas into NFTs, which are then fractionalized. Therefore, you no longer need high capital to enter the real estate market. Instead, you can fractionally purchase an NFT for prices as low as $100. As a result, once the property gains in value, so will your NFT – an excellent passive income stream.
As Turkey’s residents increasingly turn to cryptocurrencies for investment and stability, Everlodge’s unique approach of fractional ownership in real estate could resonate with those seeking more traditional forms of asset security.
Thus, countless individuals are now flooding the ELDG native token presale, which is in Stage 2. One ELDG token costs just $0.016 – a 60% rise from its starting price. Holding this token will bring access to free nightly hotel stays, staking rewards, and more. Demand is so high that some experts foresee a surge to $0.035 before its presale ends.
Find out more about the Everlodge (ELDG) Presale