Cardano has stealthily risen to the top of the blockchains, with the highest development activity among chains. Simultaneously, Everlodge presents a groundbreaking concept, offering fractional investments in luxurious hotels and vacation homes, starting at just $250. Here, we dive into essential insights.
Impressive Development Momentum for Cardano
The pace of development activity on the Cardano network shows no signs of slowing down. However, it’s noteworthy that Cardano’s positive price movement hasn’t directly correlated with this development surge. Total Value Locked (TVL) on the Cardano chain has surpassed a remarkable $160 million, and the stablecoin market cap has exhibited a notable uptrend, exceeding $15 million.
This organic growth within the Cardano ecosystem is reflected in its price trajectory, as indicated by the Relative Strength Index (RSI) residing in oversold regions. These factors collectively position Cardano as the blockchain with the most substantial development activity, successfully outpacing competitors like Polkadot and the Kusama network.
In an additional stride, Cardano introduced a new upgrade to its Hydra scaling solution, potentially further invigorating price action. The Hydra v0.12.0 update aligns with the Cardano Node v8.1.2 client and made its debut on the mainnet on July 30th.
This upgrade aims to streamline node synchronization, introduces enhanced functionalities in APIs, and makes it more accessible for Web3 developers. Further details about this upgrade are expected to be unveiled soon. Interestingly, after the launch of the Aiken upgrade ADA’s price rose by 6%.
With the upgrade’s release, ADA’s price witnessed a 1.5% gain and is currently trading at $0.23. The bulls are in place, hinting at an imminent rally in the Cardano market.
Everlodge: Transforming Real Estate through Fractionalization
Everlodge introduces a unique gateway to ownership of luxury real estate assets, encompassing villas, hotels, and idyllic retreats. Diverging from conventional models, Everlodge bridges the gap between real estate and Web3, harnessing blockchain technology to offer fractionalized ownership through its distinctive property investment hub.
Within the Everlodge ecosystem, a rewards club and a launchpad for developers to secure funding are key components. Fueling this ecosystem is ELDG, the native token that presents opportunities for lucrative staking and grants token holders complimentary stays at premium properties. With the real estate market commanding a turnover of over $4 trillion, the demand for Everlodge’s innovative approach is evident.
Everlodge generates fractionalized NFTs tied to the value of real estate properties, and these NFTs can be employed as collateral. Holders of the Everlodge token will enjoy various benefits, including giveaways and discounts. Token holders can earn monthly interest, fostering passive income, or choose to stake their tokens. Team tokens remain locked for two years, and the liquidity pool remains secure for eight years, ensuring investor fund protection.
In the current presale phase, the ELDG token is available for acquisition at $0.012, and a predicted surge of 280% during this phase underscores its potential.
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