Bitcoin (BTC) and Ethereum (ETH) have long been a dominating force in the crypto world.
However, a new project, Everlodge, has emerged as competition to them. It has grown massively during its ongoing presale round, where the ELDG tokens are being presold.
Bitcoin (BTC) Price Outlook
Recently, Bitcoin (BTC) grabbed the headlines when it surpassed $45,000. However, this growth did not survive for long as several Bitcoin (BTC) investors are looking to lock in profits.
Interestingly, Bitcoin (BTC) has rallied by more than 150% this year, showing bullish signs. However, a section of investors seem to believe that Bitcoin (BTC) might take a U-turn in the coming weeks.
Hence, they are selling their Bitcoin (BTC) tokens to capitalize on the current bullish market conditions. Meanwhile, the most recent sell-off has caused Bitcoin (BTC) to fall by 6% in the last week, which was quickly absorbed and it is now trading at around $43K.
Enjin NFTs Move From Ethereum (ETH) To Their Own Blockchain
The Ethereum (ETH) network has suffered a setback due to Enjin’s latest decision. Recently, Enjin announced transferring 200 million NFTs from Ethereum (to its own network. While the Ethereum (ETH) network is still the base blockchain for many NFTs, the departure of Enjin can hamper its transaction volume.
This has come at a time when the crypto market is consolidating, apart from some notable meme coins, of course.
Therefore, the current trading price of Ethereum (ETH) has stayed at $2,259.
Everlodge Shines 170% Brighter In Presale Stage Eight
Lately, the vacation rental industry has boomed. As per the latest market data, there are around 1.3 million vacation rentals in the US. Moreover, a new blockchain platform, Everlodge, is attempting to make this industry more attractive.
This unique state-of-the-art platform combines the concept of the blockchain, and owning a vacation home. Through this platform, you can own part of a luxurious hotel, villa, or any vacation home for just $100. The platform plans to create and fractionalize non-fungible tokens (NFTs) for real estate assets. Hence, multiple people can own a piece of the same property at once.
The value of these digital tokens will be linked to the worth of the real-world properties. Interestingly, the platform will team up with famous realtors and hotel chains to get the best places added to its ecosystem.
Additionally, the platform has taken steps to prevent rug pulls. It has locked the project’s liquidity pool for eight years, while the team tokens have a lock-in period of two years.
ELDG is the native token of the platform. The first seven stages of its presale have been sold out, and the price of a token is currently $0.027. This is a 170% increase from the token’s starting price of $0.01.
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