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Recent news surrounding Ethereum (ETH) co-founder Vitalik Buterin's transfer of $1M worth of ETH to Coinbase has sent ripples through the community. Amidst this intriguing development, the rise of Everlodge (ELDG) has captured the attention of prominent crypto analysts. Keep on reading to learn more about both of these developments.
Ethereum (ETH) stands strong as a contender in the ever-evolving cryptocurrency landscape. As the pioneer of smart contracts and dApps, Ethereum has firmly established itself as the backbone of the DeFi ecosystem.
In recent Ethereum news, its co-founder Vitalik Buterin transferred 600 ETH tokens worth $1M to Coinbase. Basically, the decision comes amid a general market slump that saw traders see $1B in liquidations and the Ethereum price dip at the start of August.
However, analysts believe that as the adoption of blockchain technology accelerates, Ethereum's role in shaping the DeFi future remains steadfast. Therefore, making Ethereum an attractive cryptocurrency. As a result, they foresee the Ethereum price sitting between $2,048.41 and $2,335.71 by December 2023.
Amid the evolving crypto landscape, Everlodge (ELDG) has emerged as a project with the potential to disrupt the real estate market. By integrating fractional ownership, timeshare models, and NFT technology, Everlodge offers a unique approach to property purchases.
Everlodge will digitize high-end properties in this marketplace and mint them into NFTs. Afterward, these NFTs are fractionalized by Everlodge. Therefore, anyone can become a fractional owner of a villa on the blockchain for prices as low as $100. With this approach, Everlodge solves the issue of high upfront costs that have troubled this market for ages.
Not only that, Everlodge will provide an answer to the illiquidity issue as well. In fact, users can obtain loans using their property-backed NFT as collateral through its lending feature. Consequently, users can unlock funds to seize new investment opportunities, address financial needs, or navigate unforeseen circumstances.
For those seeking free nightly stays in Everlodge properties or governance – holding the ELDG token is a must. Currently, it is valued at just $0.01 as it is in the Beta Stage of its presale. But, analysts are bullish for the token due to its real-world ties to the $280T real estate market and low market cap. Thus, they forecast a surge to $0.035 on its launch day – a 250% ROI.
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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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.
