Everlodge (ELDG), considered the next blockchain Airbnb, is gaining significant traction amid delays in the development of Cardano (ADA) and Tezos (XTZ) platforms. This promising blockchain-based lodging service is currently in the pre-sale phase, giving potential investors an early opportunity to participate in what appears to be a revolution across the trillion-dollar industry. Let’s take a closer look.
Everlodge (ELDG): A new chapter in real estate investing
Everlodge believes that everyone should be able to participate and make money in the lucrative world of real estate. That’s why they’re using blockchain technology to break down traditional barriers and make the industry more accessible to everyone.
By issuing NFTs that represent real estate, Everlodge can offer fractional ownership of homes before they are rented out on the market. This allows investors to earn passive income from luxury real estate without requiring a lot of capital.
But more than just offering investment opportunities, Everlodge also has a Rewards Club that offers members exclusive perks and benefits. This includes free accommodations in luxury properties, discounted rates, token staking benefits, and more. ELDG tokens are the key to access these rewards and serve as a medium of exchange on the platform.
Enthusiastic investors can purchase ELDG for $0.027 during the 8th pre-sale phase. This represents a 170% increase in value since the initial phase of pre-sale, demonstrating the growing interest and momentum for Everlodge.
The concept of fractional ownership through blockchain technology has far-reaching implications. Even people with just $100 can now invest in luxury real estate and reap rewards that were unattainable just a few years ago. Analysts believe this could cause ELDG prices to skyrocket by more than 30 times on launch day.
Can Cardano (ADA) break through $0.80 resistance?
Cardano (ADA) is a layer 1 blockchain that boasts a rigorous academic approach to development. However, this dedication to research has resulted in slower development compared to other blockchain projects.
While Cardano is making progress and plans to release a Voltair update, the industry has come a long way since Cardano first appeared. This is reflected in Cardano’s price performance, down 80.18% from its 2021 all-time high of $3.10.
The chart shows that Cardano needs to stay above the $0.60 – $0.65 resistance area for a bullish entry into 2024. Significant resistance lies at $0.80, and a breakout and close above this level would signal the start of a new uptrend for Cardano.
Market analysts are tracking the Cardano TVL indicator for an upward trend that could signal adoption and serve as a harbinger of a potential price rise. The current TVL of $443 million is encouraging, but a TVL of $1 billion may cause the market to see Cardano’s potential and inject some FOMO.
Is Tezos (XTZ) dead or about to rise?
Tezos (XTZ) is another layer 1 blockchain that faces similar challenges to Cardano in terms of development speed. Despite starting development in 2017 and raising over $200 million, Tezos’ TVL is only $33 million, down 89% from its all-time high of $9.18.
Tezos appears to be focusing on attracting retail investment rather than pushing the boundaries of blockchain development. Manchester United FC’s sponsorship is a prime example of this strategy. While this may bring short-term interest and investment, it does not necessarily mean long-term growth and success for the blockchain.
Looking at the chart, we can see that Tezos has risen from $0.60 in late October to its current price of $0.93. The next major resistance level is $1.20. A breakout and close above that could mark the start of a new bull market for loyal Tezos supporters.
Like Cardano, Tezos will also need to attract significant TVL to see significant price growth. Due to its low adoption rate, Tezos has a long way to go before it catches up with other top layer 1 blockchains like Solana and Ethereum.
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