The Reason Behind Uniswaps Recent Growth

Uniswap and Everlodge experienced strong performances in December. Following the market's bull run, trading activity on Uniswap significantly increased, while Everlodge soared during its presale. According to market analysts, both projects could see significant gains in 2024 should their momentum continue to grow. Here's why investors are bullish about both projects. 

Uniswap Is Ranked Top Crypto Protocol In 2023

According to a Coinbase post on X, Uniswap led the Ethereum blockspace in 2023. In total, Uniswap was used to facilitate 43 million transactions and 7.4 trillion gas. These figures were 4.5 times higher than the second-ranking protocol, showcasing Uniswap's dominance throughout the DeFi space. 

During a recent price surge, Uniswap (UNI) increased in value by 28% to $7.71. According to crypto analyst Ali Martinez, this surge was triggered by several Uniswap developments. These include the successful launch of a new Android mobile app, as well as Uniswap's strategic expansion into the Bitcoin ecosystem. 

As Uniswap continues its strategic evolution, experts predict that its value could pass $10 by the end of 2024. Bullish estimates suggest that Uniswap could reach up to $13.22, with average estimates reaching a more modest price of $11.14. By 2025 these predictions go as high as $19, over 3x Uniswap's current price of $6.34. 

Initially, experts believed that the recent increase in DeFi users would drive up Uniswap's price. However, reports suggest that over 90% of transactions on Uniswap are made by AI bots. This suggests that Uniswap is predominately used by more experienced investors, and thus, overall DeFi market growth may not directly influence Uniswap's price. 

Everlodge Growth Hits New Highs In 2024

Planning to launch on Uniswap this year, Everlodge is already proving to be a big hit in the DeFi space. The project is currently in stage nine of its presale and has increased in value by 190% since its presale started. Less than a week into 2024, 14% of round nine's supply has sold, signifying the growing demand for Everlodge and $ELDG tokens. 

The reason behind this demand is not just Everlodge's potential returns, but its unique DeFi application. Everlodge is the first project to apply DeFi technology to the holiday rental home market. Currently growing at over 4% a year, this market is estimated to be worth over $85 billion. However, it's dominated by rich investors who pass properties down through generations. Everlodge looks to remove the barriers to entry and open the market to everyday investors with DeFi co-ownership.

Instead of buying a property outright, investors can use Everlodge to fractionally invest in assets. This lowers the funds required to start investing and streamlines many of the traditional investment processes. For example, transactions can be made instantly through the Everlodge marketplace instead of taking several months in person. 

Everlodge has the potential to not only disrupt the market for vacation properties, but it could completely change how investors manage their assets. Investments on the platform will start at just $100, and $ELDG will be used to make transactions. 

Token holders will have a number of advantages within the Everlodge ecosystem. These will include discounted fees, lower property prices, staking bonuses, and free stays at properties within the Everlodge ecosystem. Tokens themselves are expected to increase 30x when Everlodge launches, which, combined with their numerous holder benefits, have put Everlodge in high demand. 

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