As we step into August, the crypto market continues to promise intriguing possibilities. Three altcoins in particular, Hedera (HBAR), Everlodge (ELDG), and Solana (SOL), are poised to steal the show. Everlodge, still in its presale phase, already shows tremendous potential and captivates the attention of investors around the globe. Let’s delve deeper into these promising tokens and why they should be on your watchlist.
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Everlodge (ELDG): Is a 100x Price Surge on the Horizon? The Presale Phenomenon
Everlodge aims to democratize the realm of luxury real estate for the average investor. Picture this: owning a portion of a $9 million Manhattan penthouse with just a $100 stake. This dream-like scenario is being actualized by Everlodge.
By turning properties into fractionalized NFTs, Everlodge’s platform allows users to own a piece of real estate without breaking the bank. Plus, using blockchain technology enables immutable records of ownership and money transfer.
But Everlodge is more than just an investment platform; it’s an all-encompassing ecosystem. Its Launchpad feature is particularly enticing, offering property developers a unique chance to raise capital directly from a robust, enthusiastic investor base.
The Rewards Club is another facet of Everlodge drawing significant attention. Membership to this club accrues nights at some of the globe’s most desired properties. Moreover, the prospect of trading these stays offers a refreshing blend of opulence and revenue generation.
Industry experts are eyeing Everlodge’s potential to shake up the multi-trillion-dollar real estate sector. Given ELDG is priced at just $0.010 during the initial presale phase, some analysts are forecasting a 100x path during 2023.
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Network Activity Surge: Solana (SOL)’s $305M TVL Milestone
Despite the overall market uncertainty, Solana’s technical indicators present a gleam of optimism. A golden cross has manifested in on the Solana chart, a bullish indicator that happens when a short-term moving average surpasses its long-term counterpart.
Concurrently, Solana’s network has been buzzing with heightened activity. Solana’s TVL measured $204M in January 2023 and has since skyrocketed to $305M at the time of writing. This appears to be due to Solana’s emergence as the go-to platform for DeFi 2.0 applications.
While Solana has retreated from the recent peak of $32, it has found support on a descending trendline at $21. Some market experts see this as a potential entry point for Solana fans.
Assuming a positive trajectory, the next resistance points for Solana are set at $40 and subsequently at $80. But for now, Solana’s fate, like many altcoins, remains tethered to Bitcoin’s market moves.
Hedera (HBAR)’s Potential Surge vs. New Contenders Like Everlodge (ELDG)
Hedera’s remarkable capacity to process transactions swiftly, finalizing in under six seconds and at a minimal fee of $0.001, has drawn many eyes. Notably, Hedera’s governing council is composed of 39 renowned global entities, including the likes of Google.
Hedera’s price trajectory this year has been notable, catapulting from $0.035 to $0.098 in a remarkably short period. Despite a subsequent correction, settling around $0.064, the prevailing sentiment for Hedera remains bullish mainly. Many investors are still holding out for another Hedera surge, drawn by its unique governance and technological promise.
However, analysts are quick to point out that Hedera’s growth may be tempered by existing ‘bag holders’ ready to sell at the next resistance point. This contrasts sharply with emerging platforms like Everlodge, which faces a relatively unobstructed path to growth.
The next Hedera price targets to watch are at $0.10 and $0.20. Breaching these two resistance points would signify a much larger bullish impulse for Hedera, with the latter target representing an impressive 100% return on investment.
Find out more about the Everlodge (ELDG) Presale
- Website: https://www.everlodge.io/
- Telegram: https://t.me/everlodge
