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Everlodge (ELDG) is creating a buzz among the cryptocurrency elites, with stakeholders from Ethereum (ETH) and Fantom (FTM) showing considerable interest during the booming presale event. Creating ripples in the trillion-dollar property market, Everlodge is set to revolutionize the way we perceive vacation rentals and property investments. Let's take a closer look.
At its core, Everlodge isn't just a cryptocurrency; it's a revolution in the real estate sector. While most altcoins offer digital solutions, Everlodge bridges the digital realm with tangible luxury properties.
By leveraging the power of NFT technology, Everlodge allows individuals to own a fraction of high-end real estate properties. Imagine owning a slice of a posh Manhattan apartment or a beachfront Malibu home with an investment of just $100.
Furthermore, Everlodge's exclusive Launchpad provides a unique platform for property developers to crowdsource funds. This innovation not only accelerates real estate projects but also provides the wider community with opportunities to invest in prime real estate ventures at their inception.
Driving the Everlodge ecosystem is its native token, ELDG. Holding this token is a passport to an enriched investment experience, with staking rewards, property discounts, and complimentary stays at luxurious properties. It's no wonder that high-net-worth individuals are flocking to acquire this token, especially given its introductory price of just $0.010.
One of the main reasons millionaires are moving away from established giants like Ethereum and Fantom towards Everlodge lies in the tangible nature of what the platform offers. In a volatile crypto market, the allure of real, luxurious properties as underlying assets provides a comfort level that purely digital offerings lack.
Moreover, the versatility of the ELDG token as both an investment tool and a luxury lifestyle enabler is an irresistible combination for many. When you add in the predicted 30x price appreciation, it becomes clear why Everlodge is overshadowing its competitors.
Ethereum's recent price action has certainly raised concerns among traders and investors. The inability to break the $2,100 resistance level, combined with a "death cross" pattern on the weekly chart, paints a bearish picture for the near term.
This bearish scenario seems to be playing out as Ethereum is now priced at $1,658 after a 10% weekly drop. While this fall can be attributed to caution surrounding the Bitcoin ETF, there is no doubt that Ethereum is lagging behind.
The good news is that Ethereum's network upgrades, ongoing development, and positioning as the primary platform for decentralized finance and NFTs ensure that it will likely continue to play a key role in the crypto ecosystem.
However, for those looking for new opportunities and higher returns, Everlodge is the place to be. Analysts note that Ethereum is like to rise to $10,000 in the long term, but Everlodge during the presale will be hard to beat from an ROI perspective.
The recent breach on the Multichain Fantom bridge resulted in a substantial loss of around $126 million in digital assets. This has had a pronounced impact on Fantom's metrics, with Fantom's total value locked (TVL) plummeting to $58 million from over $7 billion last year.
Following the hack, the Fantom token's price quickly dropped from $0.32 to below $0.27. It's currently hovering around $0.20, finding some support. However, any breach of this crucial $0.20 support level on the daily timeframe will put the token at risk of further losses.
The team's response to the security issues and overall market sentiment will be crucial in determining Fantom's immediate future. With no positive bounce yet, Fantom holders are selling off their holdings to join the Everlodge rush.
Fantom is trying to compete in the competitive layer-1 space with Ethereum, and it's clear that the team has a big task ahead of them if they are to regain investor confidence.
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
