There are different trading strategies employed by traders to stack high gains on their investments. One such strategy is HODL – an acronym for “hold on for dear life.” This strategy encourages investors not to sell their assets during price falls. In this category, experts have picked Tron (TRX), OKB (OKB), and Everlodge (ELDG) as some of the best cryptocurrencies to invest in for long-term gains. Let’s have a look at the three tokens and see the reasons they are likely to return profits in the long term.
Everlodge (ELDG): The DeFi Token With Potential For 30x Climb
Aside from Tron and OKB, Everlodge is another DeFi token picked by traders for the HODL strategy. The platform wants to solve some of the problems plaguing the real estate industry, such as lack of accessibility to every investor and high liquidity.
The platform will leverage the power of Web3 technology to bring the real estate properties on-chain. The properties will then be minted to NFTs as digital assets, which investors can fractionally purchase at lower fees than physical real estate properties. Not only that, the platform will give investors the opportunity to lend their assets for collateral loan, thereby joining the members club where lots of benefits are shared and stake their assets for passive income.
The governance token for the platform, ELDG, is an erc20 token built on the Ethereum blockchain. This token will be used for governance and transaction fees on the platform. The token is currently at the 9th stage of presale and sold for $0.029. The price will increase immediately after this threshold is reached.
Regarding security, the KYC has been completed and the Smart Contract has been audited by an independent auditing firm. To ensure the long-term stability of the token’s price, Everlodge will lock the team token for two years and the liquidity pool for eight years. Going by all these features, the ELDG token is predicted to surge by 280% in the ongoing presale and 30x when it is launched. Hence, it is one of the best defi tokens to invest in now.
Tron (TRX) Releases End of the Year Financial Report
Popular smart contracts network Tron (TRX) has released its financial report for the last quarter of 2023. In an X post by Coin98 Analytics on Jan 6, 2024, the Q4 of 2023 saw Tron fees and revenue rose by 26.6% with a quarter-on-quarter (Qoq) value of $65.37 million and a year-on-year (You) increase of 3.4x.
Similarly, the Tron trading volume also grew by 44.7%, with the Tron market cap standing at 8.7 billion – a 24.4% increase over the last four months. In the same vein, over 112 million, representing a substantial increase of 9.1% from Q3 of 2023, active holders traded the TRX token, making it one of the most traded tokens in the last 4 months.
OKB (OKB) Price Prediction
Although OKB (OKB) is experiencing a bearish moment with about a 9% loss in the past month, analysts observe that the token could be good for HODL. In the OKB price charts, the bearish sentiment is overpowering the bullish sentiment, with the Fear and Greed Index showing a 71 (Greed) parameter.
Also, the OKB market cap is down by 2.61%. However, with only 60 million of the OKB 300 million total supply in circulation, the prospect of OKB becoming bullish over time appears bright. As a result, analysts predict that the OKB price may get close to the $100 mark by the end of 2024, making it one of the best cryptocurrencies to invest in the year.
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