There has been a massive response to the presale of Everlodge (ELDG). Experts and whales have taken a keen interest in this project, which is expected to create new records in the coming months.
The project has already raised over $303k during its ongoing presale phase. Meanwhile, long-standing projects like Cardano (ADA) and Shiba Inu (SHIB) have failed to make their investors profitable.
Cardano (ADA) becomes the least profitable network
The ongoing market sluggishness has severely hurt the Cardano network. According to the latest market reports, Cardano has shown the worst profitability among the top ten cryptocurrencies by market cap.
Besides, the number of active addresses on the Cardano network has also declined. It has made a critically negative impact on Cardano (ADA) investors too. IntoTheBlock’s latest data has suggested that 90% of Cardano holders are making losses.
Subsequently, the market value of Cardano has dipped by around 13% in the past month. Currently, ADA price hovers at $0.27.
Shiba Inu’s (SHIB) Shibarium faces criticism over scalability
Recently, Shiba Inu launched the much-awaited Shibarium mainnet. However, Shiba Inu (SHIB) had to stop the block production on Shibarium due to high traffic after the mainnet launch. Moreover, many experts have raised concerns over the scalability of Shiba Inu’s Layer-2 solution after a day-long pause on block production.
Although Shibarium’s testnet provided a big push to Shiba Inu’s price, the mainnet launch has failed to do so. Shiba Inu’s market price has tumbled by over 22% in the past seven days. As a result, Shiba Inu (SHIB) is now available to purchase at $0.00000848. However, Shiba Inu has witnessed increased activity on its network post the Shibarium launch.
Everlodge (ELDG) presale goes on to the top position
Democratizing the real estate sector, Everlodge has entered the crypto market with a unique and disruptive business plan. According to reports, the value of the global real estate industry was more than $280 trillion in 2022. Hence, this new Web3 project will likely become a market titan soon.
It is the world’s first platform that will bring holiday home ownership to the blockchain. It aims to enable people to own vacation homes and luxury hotels, starting for as low as $100. The platform follows a straightforward process.
It will mint NFTs (non-fungible tokens) against physical real estate properties. Next, the platform will fractionalize the NFTs and allow several investors to co-own a single property. The platform will partner with well-known hotel chains and luxury property developers to bring the best properties into its ecosystem.
The value of these NFTs will have the backing of the property against which they have been minted. So, their value is expected to increase over the years. The platform’s ecosystem comprises Marketplace, Rewards Club, Lending, and Launchpad.
While they all serve different purposes, ELDG tokens fuel the ecosystem. The platform will lock team tokens for 2 years and the liquidity pool for 8 years to ensure stability and prevent any rug-pull.
The presale of ELDG is live, and a token currently costs only $0.01. But, according to experts, the market price of the platform is likely to pump by 280% during the presale phase and 3000% upon launch. After the presale, the tokens will be available on Uniswap and other tier-1 exchanges.
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