Solana has experienced a notable rise in value, thanks to the increased net inflows. However, new data shows that the Cardano price forecast could be far from happening as great resistance lies ahead. Also, Everlodge has caught the AI fever as it looks to transform the real estate investment landscape.
Solana (SOL) Year-To-Date Gains Grow To 335.7%
Based on its price trend, Solana (SOL) has gained 335.7% year to date, making it one of the best-performing assets this year. On the monthly chart, the Solana price has recorded an increase of 63.9%. The Ethereum killer has gone from a low of $53.99 to $61.28, according to the weekly Solana chart.
This strong growth has helped the Solana cryptocurrency rise into the top cryptos ranked by market cap. The Solana crypto has reached a market cap of $25.2 billion and is ranked as the sixth biggest crypto.
Big financial organizations’ growing investments in Solana were one important aspect driving up the price of the asset. Solana ranked second in terms of investment attraction among altcoins, after Ethereum, according to a recent CoinShares report.
The report mentioned that $3.5 million was invested in Solana products on a weekly basis.
Cardano (ADA) Faces Major Resistance At $0.38
Over the previous month, Cardano (ADA) experienced a noteworthy price rise. This was due to the overall bullish trend in the cryptocurrency market. This increase was driven by Bitcoin’s dominance in the market rally, with growing expectations that US regulators would approve a Bitcoin ETF.
However, data from IntoTheBlock highlighted that the Cardano coin encountered a significant resistance point at the $0.38 price level. This represents a zone where more than 319,000 addresses acquired 7.19 billion ADA.
Nonetheless, the analyst CoinsKid earlier predicted Cardano ADA to reach $0.7497 and eventually $1.80. These levels of resistance indicate a possible upward movement for Cardano crypto.
Everlodge (ELDG) Introduced AI and NFTs To the Real Estate Sector
Everlodge (ELDG) has made significant strides in revolutionizing the real estate industry, introducing a fresh approach to property trading. Before now, ownership of luxurious villas in locations like Miami and Dubai was open to the elites. Everlodge’s pioneering platform disrupted this long-standing tradition.
A wider range of people will be able to invest in luxury real estate because of the use of NFT fractional ownership. Everlodge has also used artificial intelligence (AI) to improve the real estate industry by enabling users to track property values throughout the world. This advanced artificial intelligence tool would provide real-time property value information for particular areas and periods of time.
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— Everlodge (@EverlodgeHQ) October 23, 2023
It has also been built to identify promising markets and those that are undervalued. The real estate property trade has been simplified by NFTs. They have been utilized by Everlodge to symbolize a user’s interest in a property. The native token of Everlodge, ELDG, is now priced at $0.025 and is in the presale phase. It provides benefits like discounts and staking incentives.
Experts expect a huge price surge in the future, driven by Everlodge’s integration with the vast $280 trillion global real estate market. Everlodge has announced an exciting Christmas Meme Contest set to conclude on December 4.
Participants are encouraged to craft festive memes embodying the Everlodge spirit. After which, they are to share their creations using the #EverlodgeChristmasMeme hashtag while tagging @EverlodgeHQ on Twitter.
For more information about Everlodge (ELDG) please visit their website.
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