There are thousands of cryptocurrencies in the market. So, choosing one among them is undoubtedly a herculean task. Quant (QNT), Avalanche (AVAX), and Everlodge (ELDG) have been quite in the news lately. But their recent market performances have been very different.
While Quant and Avalanche have traded in the red zone, Everlodge has grown enormously. Its presale is expected to run on a golden path and sell out fast.
Quant (QNT) opens its infrastructure platform, but the price drops
A few weeks ago, Quant opened its infrastructure platform to business customers. With this effort, the Quant (QNT) community hoped to see an increase in its adoption and, thereby, a price increment. However, to their dismay, Quant has moved only downward since the development.
The price of Quant has plummeted by around 4% in the past month. As a result, the current trading price of QNT has plunged to $101.57. Experts suggest that investors have a bearish take on Quant (QNT). Therefore, they are treading cautiously before investing in Quant.
Avalanche (AVAX) sees an increase in daily transactions
The journey of Avalanche in 2023 has been quite bumpy. While Avalanche (AVAX) grew in some aspects, it suffered a drop in a few key growth metrics. Recently, a blockchain analytics firm, Nansen, released a research report that analyzed the network growth of Avalanche.
As per the report, daily transactions on the Avalanche blockchain increased from around 200,000 to 500,000 in the second quarter. The number of daily active addresses on the Avalanche network also surged during the same period. However, the total value locked (TVL) on Avalanche (AVAX) has declined by 20% in Q2 2023.
Subsequently, the trading price of AVAX tumbled and slid to $12.33.
Everlodge (ELDG) presale steals the limelight
A report from IMARC Group suggests that the global real estate market size can reach $7,954 billion by 2028. This shows the tremendous growth potential of the sector. Everlodge (ELDG) has unveiled a new blockchain platform to capitalize on this growth opportunity.
This first-of-its-kind blockchain platform will allow people to fractionally invest in and own vacation homes and luxurious hotels for as little as $100. It will mint NFTs against real estate properties and fractionalize them to make them purchasable by small and retail investors.
Suppose there is a villa worth $10 million. Now, only a few individuals can purchase the villa. But Everlodge aims to disrupt this process by introducing the concept of co-owning the properties. The platform will mint NFTs against the villa and fractionalize them into fragments, with each unit costing just $100. Thus, thousands of people can collectively own the villa by purchasing these NFTs.
The platform has planned to introduce a Launchpad, where developers can raise capital for new developments from the community. Besides, people who co-own properties can also use their NFTs as collateral to get a loan.
The platform’s native token, ELDG, is in its presale—currently, an ELDG token costs just $0.01. But, as per projections, its market value can soar by 280% during the presale round and 30x after its launch.
To ensure the platform’s stability, it will lock the team tokens for 2 years and the liquidity pool for 8 years. Besides, the token holders will get several benefits, including discounts on trading fees and staking rewards.
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