Litecoin’s (LTC) connection with Bitcoin could be the reason for its low performance. Toncoin (TON) needs to push harder to continue its bullish trend. On the other hand, Everlodge is effortlessly bullish in its presale.
Join the Everlodge presale and win a luxury holiday to the Maldives
Unfavorable Month for Litecoin (LTC) – Things Could Get Worse
Litecoin (LTC) is not having a good time. The price has been slipping with each passing day. Experts believe that Litecoin (LTC) could fall to last year’s December price if the trend continues. Unfortunately, its association with Bitcoin (BTC) is causing more harm than good.
Litecoin (LTC) is touted as ‘Silver to Bitcoin’s Gold,’ which means the token’s price is linked to BTC’s. Moreover, with Elon Musk’s SpaceX selling BTC, the prices of both tokens have been affected. Furthermore, this was followed by over $850 million worth of long liquidations. Many Litecoin (LTC) traders liquidated more than $17 million in the last three months.
Additionally, FUD (fear, uncertainty, doubt) is ruling the market. In such instances, Litecoin (LTC) has little to no chance of recovering anytime soon. Currently, $63 is acting as the critical support level for Litecoin (LTC). Thus, the token’s recovery is possible if it can cross $69. However, Litecoin (LTC) is priced at $65.31 at press time with a 13.70% loss in market cap. There’s no denying that the future doesn’t look great for Litecoin (LTC).
How Will the Market Crash Impact Toncoin’s (TON) Bullish Trend
After heavy losses earlier this month, Toncoin (TON) rallied hard last week. Based on data from TradingView, Toncoin (TON) attracted many investors to gain over 12%. However, the consequent market crashes brought the weekly rise to 4.20%. In fact, the recent crash pushed Toncoin (TON) down to the $1.3751 mark.
Interestingly, the token’s gains are a result of ecosystem developments. On the 16th, Toncoin (TON) posted on X that it is hosting a crypto event in Bali, Indonesia. The network wants to increase its global presence by connecting with crypto builders, traders, and investors.
The toncoin (TON) team is also working towards Web3 development. NOWPayments, a crypto payment gateway, has integrated Toncoin (TON) to offer seamless transactions. Additionally, Toncoin (TON) plans to enter the NFT market.
While these exciting updates boosted the token’s price, the overall market conditions dimmed its rise. Toncoin’s (TON) market cap is down by 8.82% as the price hovers around $1.31 at press time.
Everlodge (ELDG) Targets $12 Million During Presale
Everlodge is a crypto-based property marketplace for users to fractionally invest in hotels, luxury villas, and vacation homes, and disrupt the global vacation rental market, estimated at $82.63 billion in 2022. It aims to provide a unique revenue-generating source for crypto lovers. Furthermore, it is the world’s first company to combine fractional vacation home ownership with NFT and timeshare.
The platform has ELDG as the native token, currently priced at $0.01. Token holders can take their share to earn a fixed monthly interest as passive income. The Everlodge ecosystem will consist of a marketplace, launchpad, and reward club. Here, users can buy and sell fractionalized NFTs in the marketplace.
The launchpad will let property developers get diverse funding from users. Furthermore, token holders can get discounts on property prices, and co-own multiple vacation homes. Additionally, the reward club will offer a fixed free stay per year at the vacation home. Users will have the option to redeem or sell the reward.
There’s another advantage of owning fractional NFTs for properties. Users can raise funds against their share of ownership, and get loans using the NFTs as collateral. Moreover, analysts say the Everlodge token will touch $0.035 by the end of the presale. Buy ELDG tokens to earn high rewards, and revenue in the long term. Get 30x returns by investing in Everlodge.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge