Finding the best crypto investments has become a little more challenging with the crypto market struggling to sustain its bullish momentum in the past few days. The crypto market has witnessed significant price retracement across different cryptocurrencies such as Polygon and Polkadot. Interestingly, this current trend contrasts with the prevailing community enthusiasm, thereby resulting in a major divergence between market sentiment and crypto prices.
Meanwhile, Everlodge is making strides in the real estate sector by leveraging blockchain technology and NFTs as a means to establish a unique presence in fractional ownership. Let’s delve in real quick.
Polygon (MATIC) Finds Support Below $7 Threshold
Polygon (MATCI) has been trading below the $7 threshold for some days now, with the current price hovering around $0.78. Polygon’s current price, although is not the exact reflection of the community enthusiasm, shows a 24-hours decline of 5.31% and roughly 7.5% over the last 7-days.
In contrast, there has been a line up of activities within the Polygon ecosystem, with the most recent being the completion of the test version of Polygon Miden. While these activities are aimed to improve the effectiveness of the network, one would expect that they will drive more enthusiasm and subsequently boost DOT’s price; albeit, reverse has been the case, with the cryptocurrency’s price plunging for four consecutive days.
Polkadot (DOT) Price Retracement Persist Amidst Growing Community Hype
According to Polkadot’s official Twitter Watch account for monitoring whale movement, there have been quite a number of large transactions taking place with holders of Polkadots (DOT) moving substantial amounts of money.
In the past 24 hours, significant sums of money have been transferred, including 228,000 $DOT (approximately $1,491,120 USD) moved from an unknown wallet to another unknown wallet. Additionally, transactions involving 227,999.98 $DOT ($1,486,559.89 USD) and 684,000 $DOT ($4,398,120 USD) have been recorded among several others.
However, despite the enthusiasm surrounding the project, Polkadot’s current price, hovering around $6.68, reflects a downward trend, declining by over 3.3% in the last 24 hours. Nevertheless, while DOT price has experienced volatility throughout the week, there is a gradual recovery with the 7-day trade average price showing nearly 1% increase. As more cryptocurrency struggles with price retracement, Everlodge presents itself as a solace for investors.
Built on Blockchain, Everlodge’s Innovative property marketplace Steals Spotlight
Thanks to blockchain technology and the innovation that is tokenization, Everlodge is building a property marketplace that revolutionizes the real estate industry. Essentially, the disruptive platform introduces a hybrid co-ownership model also known as fractional ownership, which allows users to own multi-million dollar vacation homes from as little as $100.
Unlike Decentraland which offers a hyper-realistic alternative to owning virtual properties, Everlodge’s model is more inclusive and appealing to a broader range of investors in the sense that they can own a share of an actual landed property.
Now, beyond traditional methods of property ownership, Everlodge takes the concept a step further, providing users with transparent ownership details stored securely in smart contracts. The same technology enables the fractionalization of these real estate properties, which makes real estate investment more inclusive and accessible to a global scale users.
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In terms of fractionalization, Everlodge’s most thrilling attribute is the fact that it is directly linked to the value of the underlying property, which in this case is a real-world landed property. Hence, as the value of the property increases, the price of the NFT also rises, presenting investors with the opportunity for long-term profitability.
This distinctive value proposition sets Everlodge apart from Decentraland and other metaverse projects. Particularly, Everlodge’s NFTs offer a more stable and appealing investment option compared to conventional alternatives that lack ties to real-world assets capable of generating long-term revenue.
Furthermore, like most blockchain projects, Everlodge offers a native asset, ELDG token that serves as both governance and utility token. However, stepping away from the conventional utility model, Everlodge ensures security and transparency with a locked team token for two years, an eight-year locked liquidity pool, and a fully audited smart contract.
Starting at a modest price of $0.01, the ELDG token has now soared to $0.027 in its ongoing stage 8 presale. And with much enthusiasm surrounding the project, experts project an impressive 30x rally on launch day, positioning the ELDG token among the best crypto investments for investors looking in the direction of real estate, newbies or not.
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