As the overall crypto market is drastically fluctuating, it seems difficult to find a project that offers stable and big gains. But your search ends at Everlodge. This new project has strong fundamentals, and is growing without bounds. Its ongoing presale is selling out fast, and the project’s value is likely to grow by 30X in the coming months. On the contrary, things look challenging for Algorand (ALGO) and Klaytn (KLAY), which have suffered losses.
Algorand (ALGO) Sees Drop In Development Activity And Profitability
The Algorand network is under stress as the long-term profitability of ALGO has significantly declined. The data from IntoTheBlock suggests that more than 89% of Algorand (ALGO) holders are making losses.
Besides profitability, the network growth of Algorand (ALGO) is also struggling. The Santiment data shows that the development activity on the Algorand (ALGO) blockchain has declined by over 50% in the past two weeks. Due to these bearish events, the trading price of Algorand (ALGO) has also taken a fall.
In the past seven days, the market value of Algorand (ALGO) has plunged by 14%. Consequently, Algorand (ALGO) is currently available to trade at $0.20.
Klaytn (KLAY) Adopts Tokenized Gold GPC
Lately, market conditions have turned bearish for Klaytn (KLAY). In the past seven days, the market value of Klaytn (KLAY) has fallen by more than 16%. Hence, the current market price of Klaytn (KLAY) has dropped to $0.2058.
However, Klaytn (KLAY) has made efforts to mitigate the bearish impact of the market. Klaytn (KLAY) has been expanding its use cases to real-time asset tokenization, and the Bank of Korea’s CBDC project.
Most recently, Klaytn (KLAY) has adopted GPC, a digital asset pegged to the real-time market price of gold. According to Klaytn (KLAY), it is the first tokenized gold outside the Ethereum ecosystem. However, these developments have not made any positive impact on Klaytn (KLAY).
Everlodge (ELDG) Records Exceptional Presale Rise
The vacation rental industry is growing at a rapid scale. Revenue from the vacation rental industry is expected to rise to $113.50 billion by 2028. Thus, millions of people want to invest in vacation homes to earn big. Now, what if you could own a luxury vacation stay in Miami for just $100? Sounds unrealistic, but it is true with a new blockchain platform, Everlodge.
The platform has developed a property marketplace to help people own, or invest, in luxury holiday properties. It chooses the best vacation stays to add to its ecosystem. Next, it will convert properties into non-fungible tokens. Then, it will fractionalize the NFTs, to allow individual investors to purchase them easily.
The market value of these digital tokens is linked to real estate properties. So, their value is bound to increase as time passes. Besides, the NFT metadata stores all the information about the property, including deeds and ownership details.
You can also pledge these NFTs as collateral to take a loan. Additionally, property developers can use the Launchpad feature of the platform to raise funds for their future projects.
The platform has successfully completed eight stages of its presale round. The market price of ELDG tokens has increased significantly as well. The token’s price has surged by 190% from its original price of $0.01. Currently, the purchase price of an ELDG token is $0.027.
However, its price will soar with each stage. Subsequently, analysts expect the platform’s value to rise by 280% during the presale round.
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