There are many cryptocurrencies to invest in, but only a few of them are able to offer returns. Experts suggest investing in projects that have real-world utility, long-term vision, and protection against market downfall.
A new project, Everlodge, ticks all these boxes. Therefore, investors have rushed toward its ongoing presale. The project has already raised more than $332,000 within just two weeks. On the other hand, long-standing projects like Binance (BNB) and PancakeSwap (CAKE) have failed to trade in the green zone.
Join the Everlodge presale and win a luxury holiday to the Maldives
Binance’s (BNB) Market Position Gets Weakened
2023 has turned out to be one of the most challenging years for Binance (BNB). From market downfall to lawsuits, Binance (BNB) has faced several issues this year.
Subsequently, the bearish sentiments around Binance (BNB) have strengthened, leading to a drop in its market value. Binance’s (BNB) price has plummeted by 11% in the past month. Currently, Binance (BNB) is trading at $216.19.
Experts believe that the SEC’s latest lawsuit has prompted Binance (BNB) investors to jump to other cryptocurrencies for better profits. However, Binance (BNB) is still the 4th largest cryptocurrency by market capitalization.
PancakeSwap (CAKE) Brings New Proposal To Increase Demand
As the demand for multichain functionality is growing, PancakeSwap (CAKE) has increased its efforts. Recently, PancakeSwap introduced a proposal to add CAKE allocations to Arbitrum One to increase its liquidity.
The PancakeSwap (CAKE) community hopes that it would trigger the demand, and use of PancakeSwap (CAKE). However, PancakeSwap (CAKE) is witnessing a drop in its daily active addresses for the past many months.
Moreover, the trading volume of PancakeSwap (CAKE) has also plummeted in recent weeks. Subsequently, in the past 30 days, the price of PancakeSwap (CAKE) has declined by around 15%. At press time, PancakeSwap (CAKE) is changing hands at $1.31.
Everlodge (ELDG) Triggers Market’s Bullish Momentum
A new platform, Everlodge, has stunned the crypto world with its huge value proposition, and can soon become a blue-chip project. It is a first-of-its-kind Web3 platform that enables users to own vacation homes, hotels, and luxury villas for as low as $100. ELDG will serve as its native cryptocurrency. According to reports, the market size of global real estate is likely to rise at a CAGR of 5.2% by 2030.
This new platform follows a straightforward process, wherein it will digitize real-world properties, and mint non-fungible tokens against luxury vacation homes. Next, the platform will fractionalize these NFTs to help people purchase them in smaller quantities. Notably, the market price of these NFTs will depend on the value of real estate properties. Therefore, going by the real estate market’s records, the value of these NFTs will move northward, and remain immune to any market crash.
A remarkable feature of this novel platform is that its members will get access to the Rewards Club. Here, members can earn free stays across all the properties and hotels available on the platform. Users can also take a loan using their NFTs as collateral.
It has begun its presale Beta stage, and the current market price of a token is $0.01. According to analysts, the price of the project can soar by 280% during the presale phase. Additionally, there will be no tax on the purchase of the presale tokens. So, buy an ELDG token now, and get the maximum benefit.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge