The dynamic nature of the crypto market requires investors to stay attentive. The slightest of speculation can make or break a crypto project, and investors’ profit. This year, Everlodge (ELDG) has emerged as the most profitable investment option.
Its ongoing presale has broken several success records. Meanwhile, investors are getting disenchanted with Tezos (XTZ) and Stellar (XLM).
Tezos (XTZ) Suffers Drop In Key Metrics
As per the latest data from Mesari, the Tezos (XTZ) network has suffered a drop in several metrics. Thus, the bearish sentiments around Tezos (XTZ) have strengthened, and XTZ is under tremendous selling pressure.
Subsequently, the trading price of Tezos (XTZ) has tumbled by 21% in the past month. At press time, the price of Tezos (XTZ) is hovering at $0.71. Earlier, the report revealed that the adoption of Tezos (XTZ) is downward since Q2 2023.
Thus, the market capitalization of Tezos (XTZ) has tumbled by 30% QoQ. Meanwhile, the revenue of Tezos (XTZ) has also plummeted by 82% during the same period.
Stellar (XLM) Becomes A Minority Investor In A Payments Giant
The Stellar (XLM) ecosystem has witnessed a major development. Stellar (XLM) recently became a minority investor in MoneyGram International, a global payments giant. This is the first time that Stellar (XLM) has used the money, for investment, from its cash treasury.
While making the investment, Stellar (XLM) stated that the invested money will be used to expand its digital business, and explore blockchain technology. However, the development has failed to make any positive impact on the price of Stellar (XLM).
The trading price of Stellar (XLM) has dipped by more than 18% in the last 30 days. At press time, Stellar (XLM) is available to trade at $0.11.
Bulls Rally Behind Everlodge (ELDG)
Disrupting the real estate sector, Everlodge has brought a unique and revolutionary business plan to the market. Recent market reports have suggested that the value of the global real estate industry can grow to $729.40 trillion by 2028. So, by tapping this huge market segment, the new platform can reach great heights.
Everlodge is the world’s first platform that brings holiday home ownership to the blockchain. It plans to enable people to own holiday homes and luxury hotels, starting from $100. Interestingly, the platform will follow a simple and transparent process.
It will mint NFTs (non-fungible tokens) against real-world properties. Next, the platform will fractionalize these NFTs to enable several investors to co-own a single property. The platform has decided to partner with well-known hotel chains, and luxury property developers to bring the best properties into its ecosystem.
The value of these NFTs will have the backing of the property against which they have been minted. So, their value is sure to increase over the years. The platform’s ecosystem comprises Marketplace, Rewards Club, Lending, and Launchpad. The platform will lock team tokens for 2 years, and the liquidity pool for 8 years to ensure stability and prevent any rug-pull.
The presale of the platform is live, and an ELDG token is currently costing only $0.01. But, according to market gurus, the value of the tokens is likely to pump by 280% during the presale phase, and 3000% upon launch. After the presale, the tokens will be available on Uniswap, and other tier-1 exchanges.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.