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The year 2024 started with a positive outlook as numerous cryptocurrencies capitalized on the bullish sentiment in the market. However, determining the best coins to invest in for the long-term can be a daunting task, given the market's historical tendency for volatility.
Nevertheless, certain projects stand out with their exceptional use cases, driving their value and offering relative stability, regardless of the market's direction. Notably, Everlodge, Hedera, and Cardano have attracted some attention from crypto enthusiasts due to their potential for steady growth and high returns. So what makes these sets of crypto projects truly exceptional? Let's find out.
Hedera (HBAR) has witnessed an explosive market value in the past one month with HBAR price peaking at $0.097 from $0.68 recorded roughly one month ago. While HBAR price is currently hovering at $0.096, it reflects nearly 60% month-on-month increase.
This surge in price follows a consistent pattern observed over the past year. Specifically, HBAR price rose from $0.04 in January 2023 to a peak of $0.087 in the subsequent month.
On the other hand, what sets this current pattern apart is Hedera's sustained bullish sentiment, extending for over three months now and anticipated to persist. This trend suggests that the cryptocurrency is on track to surpass the $0.1 milestone, thus positioning the crypto asset among the best crypto to buy under $1.
Like Hedera, Everlodge (ELDG) is another DeFi coin with potential for high return selling under $1. But, what about this cryptocurrency makes it special?
First, Everlodge is building a decentralized marketplace that redefines real estate ownership. Essentially, by combining fractional vacation home ownership, with timeshare and NFT technology, Everlodge allows real estate enthusiasts to co-own luxurious properties through fractional ownership.
What this means is that, contrary to the conventional way of having to pay in full or installmentally to acquire expensive luxurious properties, users of Everlodge can rather pay a fraction (as low as $100) to co-own any property of their choice.
The process here entails digitizing hotels and luxury villas, transforming them into unique NFTs. It doesn't end there; all essential information, including titles, deeds, and ownership details, is securely stored within the metadata of smart contracts. Once that is done, these NFTs are then fragmented, enabling users to purchase smaller, more affordable portions birthing the term "fractional ownership".
The ELDG token which powers the entire Everlodge ecosystem is currently valued at $0.029 and is selling fast in an ongoing presale with limited tokens left for grabs. For context, the current price of ELDG displays a notable increase from its initial starting price of $0.01, justifying its limited circulating supply.
So far, the token has demonstrated substantial potential for impressive returns, with experts anticipating a remarkable 30x rally on launch day, solidifying its standing among the top crypto investments in 2024.
Like Hedera, Cardano (ADA) has also maintained a bullish momentum for well over a month now, to reach a yearly peak of $0.066. In the past one month alone, Cardano price, which is currently trading above $0.6 mark, has demonstrated a price increase of over 60%, indicating robust resilience in its upward trajectory.
In contrast with its valuation two months ago, when Cardano traded below $0.03, the current momentum suggests a significant buildup, raising the possibility of reaching the imminent milestone of $0.1.
Looking ahead, and judging from all indications, Cardano, alongside Everlodge and Hedera present unique opportunities for high-yield returns and comfortably secures their position among the best coins to invest in as we embark on 2024.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
