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Despite their dominance in the cryptocurrency market, Shiba Inu and Binance Coin have a new competitor. Everlodge, which is gaining traction throughout the altcoin market. This innovative new project has been praised for its marketplace, which combines holiday home ownership with decentralized finance. As we move into 2024, experts predict that Everlodge could outperform Shiba Inu and Binance Coin, here's why.
Shiba Inu hit a number of new milestones in 2023. It launched its scalability platform, Shibarium, grew its user base and released The Shib, a new magazine dedicated to the Shiba Inu ecosystem. Now, Shiba Inu has announced a new development: a partnership with D3 Global. D3 Global is an internet domain company that looks to unite Web2 and Web3.
This new partnership could be a significant boost for Shiba Inu. In the future, websites could use Shiba Inu as a means of transaction, completing business deals, and selling goods. Such activity would significantly speed up Shiba Inu adoption, and drive up the value of SHIB tokens.
However, despite this announcement, Shiba Inu's daily trading volume has remained exceptionally low. At the time of writing, Shiba Inu's volume was $175 million, making Shiba Inu the 45th-ranked cryptocurrency by market cap. This suggests that investors may not be as confident in the project despite its developments.
Binance Coin's value has increased by 3.67% over the last week, following an announcement from Binance. The exchange announced the 41st project on the Binance Launchpool, NFPrompt (NFP). This new development has triggered a surge in Binance Coin trading activity, which hit $1.1 billion on December 20th.
NFPromp will let users farm NFP tokens by staking BNB, FDUSD, and TUSD, creating a new income opportunity for Binance Coin holders. Over the next week, Binance Coin holders will have the opportunity to stake their tokens in separate pools and be the first to farm NFP.
Although Binance Coin and Shiba Inu are developing their ecosystems they could have less significance than Everlodge, which looks to revolutionize a multi-billion dollar market. This exciting project looks to open up the travel property market to everyday investors.
Users will be able to fractionally invest in luxury properties worldwide, regardless of their location. Investments will start at just $100, allowing investors to get involved no matter their budget.
To begin, property sellers mint their property as NFTs. NFTs are then broken into fractions, and investors can buy fractions based on their budget. NFT holders will be granted the benefits of traditional holiday home ownership, generating an income from the property and enjoying the benefits of appreciating assets.
Being the first project to offer such a solution, experts have extremely high hopes for Everlodge. During its presale, its native token, ELDG, will increase in value by 280%. Furthermore, upon release, Everlodge will be available on Uniswap and two Tier-1 exchanges, making it extremely accessible to the public.
As the Everlodge marketplace gains popularity, investors will be able to trade their asset-backed NFTs through a secondary marketplace, and their NFTs will also be compatible with any third-party ERC20 compatible marketplace.
Everlodge will also partner with several high-profile hotels and luxury property developers to ensure a wide range of property options are always available for investors. To get involved, investors can buy ELDG tokens for $0.027 during stage eight of the Everlodge presale.
