Why do we invest in crypto? Some people want freedom from the traditional financial system, while others want the big returns that only crypto has the potential to provide. Are 10,000% returns possible with Cosmos, Everlodge or Bitcoin Cash? Let’s take a look.
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Cosmos’s Potential Doesn’t Match Up with the Price Action, Yet.
Cosmos, known as the internet of blockchains, addresses one of the key problems in the current crypto landscape – interoperability. Cosmos is a Proof of Stake crypto, just like Ethereum, but can interact with Proof of Work cryptos such as Bitcoin, which is something most interoperability protocols have difficulties with.
Many exciting projects reside on the Cosmos ecosystem, including Akash, which uses people’s spare space to form an alternative to storage providers such as AWS. This is bullish for anyone who wants to see a decentralized internet, as this is one of the pieces we will need.
All that said, how does that reflect in the price of Cosmos? Atom, the native token of Cosmos which is used for gas fees and staking and spam prevention is down by 17% on the yearly, with all stats in the red. It might be that Cosmos will rise dramatically in the future when the real world applications become used, but for now, a 10,000% isn’t looking like it’s on the cards any time soon.
Everlodge Poised to Take Center Stage with its Property Tokenisation Concept
Everlodge is an upcoming project that focuses on tokenization and has been described as AirBnB meets Web3. It’s an exciting concept that is a bit like a timeshare, except that your co-ownership of vacation properties are tokenized as NFTs, with all the important info like deeds in the metadata.
So for example a luxury villa will be tokenized, and then divided up into fractions. Those fractions will be able to be purchased as NFTs. As the property price goes up, so does the NFT.
The token $ELDG, and holding it will provide many benefits for holders, including free stays at various everlodge locations. Don’t want to use the free stay? That’s fine as you can put your stay on Airbnb or other booking platforms, and get passive income. ELDG staking is another way to get passive income. Holders also get discounts on maintenance fees.
This token and project are promising for a potential 10,000% return. This is in a large part because it’s in the first stage of presale, and so just by buying now, hodlers are very early. And the price will rise steadily throughout the presale. But other bullish components are due to the hype around tokenization, and the novel concept which will allow many people to diversify their portfolio.
Bitcoin Cash – In Profit, But Is It A Serious Project?
Bitcoin Cash is one of the oldest cryptocurrencies, created as a fork of Bitcoin. Bitcoin Cash never reached the highs of Bitcoin, with some people initially calling it a scam or a joke. However, the team says they are a realistic alternative to Bitcoin which is expensive, and a good way to send money around the world. This year Bitcoin Cash has been seeing some very interesting price action, as is up 79% over the yearly. It’s currently ranked as the 16th biggest crypto according to Coingecko.
But can Bitcoin Cash really reach 10,000% gains? Well at the current market cap of $5.3 billion, it seems unlikely. Since it would have to reach a price of $25200 and a market cap of $529 billion. This is just under the market cap of actual Bitcoin, but without the credibility of BTC.
From the Bitcoin Cash Twitter, it seems that not much development, if any, goes into Bitcoin Cash. This means that there is little reason to suspect that it can grow by a further 10,000%, and although it surged by 200% at some point last month the price has since dropped. Data from IntoTheBlock shows that miners have been selling their BCH in large volumes.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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