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Cardano (ADA) and ApeCoin (APE) Turn Gloomy While Everlodge (ELDG) Amazes Crypto Enthusiasts with Historic Presale
Kiran Prasad R
Last Updated IST

Looking for 3,000% growth? You must not miss out on Everlodge. This new project, whose ongoing presale is cruising at an eye-popping pace, has become the favorite of investors, and experts alike.

On the other hand, the market standings of Cardano (ADA) and ApeCoin (APE) have been flailing.

Join the Everlodge presale and win a luxury holiday to the Maldives

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Cardano (ADA) Falls Amid Increasing Competition

Despite becoming the blockchain with the most development activity, Cardano (ADA) has not been able to step up on the price chart. In the last month, the price of Cardano (ADA) has plummeted by more than 15%.

Subsequently, the current market price of a Cardano (ADA) token has tumbled to $0.26. Earlier, the data from Santiment revealed that Cardano (ADA) has recorded over 500 development activities in the past 30 days. Besides, the total value locked (TVL) of the Cardano (ADA) network has also surged.

As per DeFiLlama’s report, the TVL of Cardano (ADA) has increased to $161 million. However, Cardano’s (ADA) market share in the DeFi space has witnessed an erosion after the launch of Base, Coinbase’s Layer-2 platform.

ApeCoin (APE) Plummets As BAYC Falls To A New Low

ApeCoin (APE), which is associated with Yuga Labs, has suffered a significant decline in its value in recent times. The primary reason behind ApeCoin’s (APE) last fall has been a considerable tumbling of Board Ape Yacht Club (BAYC) NFTs.

Notably, the floor price of ApeCoin (APE) has plummeted to its historical low of 23 ETH. Thus, it has caused a bearish sentiment around ApeCoin (APE).

The data from Santiment shows that the number of ApeCoin (APE) token holders has also been dipping. Meanwhile, ApeCoin’s (APE) market value has suffered a massive drop of 29% in the past month. Now, the price of an ApeCoin (APE) token has plunged to $1.42.

Everlodge (ELDG) Presale Shows Dominance On Charts

Restructuring the real estate landscape, Everlodge has introduced a revolutionary, and unique business plan to the market. Online esearch reports have predicted that the global real estate industry can grow to $729.40 trillion in the next few years. Hence, there is an ample growth opportunity for this new Web3 project.

Everlodge is the first blockchain platform to combine holiday home ownership with the blockchain. It will enable users to own holiday homes, and luxury hotels for a mere $100. The platform will mint NFTs against properties like vacation homes, and luxury villas. Next, the NFTs will be fractionalized to allow investors to co-own a single property. The platform will partner with only renowned hotel chains, and luxury property developers to add the best properties to its ecosystem.

Notably, these NFTs will have the backing of real estate properties. Therefore, their value is bound to surge over the subsequent years. The platform has an ecosystem comprising Marketplace, Rewards Club, Lending, and Launchpad. These components will utilize ELDG as their native crypto. The platform has proposed to lock team tokens for 2 years, and the liquidity pool for 8 years to prevent any rug-pull and ensure stability.

The presale phase of the platform is live, and a token now costs $0.012, a 20% increase from its starting price of $0.01. Moreover, market analysts predict the value of the tokens to soar by 280% during the presale phase, and 3000% upon launch. After the completion of the presale, ELDG tokens will become available on Uniswap, and other tier-1 exchanges.

Find out more about the Everlodge (ELDG) Presale

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge

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(Published 31 August 2023, 14:23 IST)