The cryptocurrency market is a realm of constant flux, with prices shifting and trends emerging rapidly. Recently, Solana (SOL) and Chainlink (LINK) have been experiencing downward pressure, while Everlodge (ELDG) is showing promising signs. Read this article to analyze the landscape and explore why Everlodge might experience a notable upswing.
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Solana (SOL) Struggles Amid Market Turbulence
Solana (SOL) has gained substantial attention for its high-speed, low-cost blockchain network. However, recent market trends have seen the Solana price decline. Although Solana rose at the start of 2023, factors such as broader market volatility have caused it to lose most of those gains in June.
But, there was also some positive Solana news recently. For example, Solana Pay has integrated its plug-in with Shopify. Therefore, it has made it possible for millions of businesses using its platform to accept payments via Solana Pay.
Due to this news and solid foundation, many experts remain bullish for the Solana crypto. As a result, they predict its value could sit between $26.39 and $29.22 before the year ends.
Chainlink (LINK) Trading Sideways
Chainlink (LINK) has been another cryptocurrency experiencing a downward trend. Although the Chainlink crypto soared to $52.70 in 2021, those days are long gone. In fact, it has been trading sideways this year, with its value fluctuating between $5 and $8.
Chainlink’s price performance is closely tied to its adoption within the DeFi space. This adoption has recently increased, as MapleStory Universe announced it partnered with Chainlink. Therefore giving MapleStory Universe the power to provide blockchain infrastructure for its virtual world games.
Nevertheless, various market analysts foresee the Chainlink price between $8.14 and $8.50 by December 2023. Due to these reasons, many holders are now looking elsewhere for long-term gains.
Everlodge (ELDG) and Its 33% Surge Projection
In contrast to the struggles faced by Solana and Chainlink, Everlodge (ELDG) is showing promising indicators of a potential surge. With a projected 33% increase on the horizon, Everlodge is capturing the attention of investors. This project’s fusion of blockchain technology with the real estate sector might contribute to its positive outlook.
In other words, Everlodge will build the first property marketplace that enables users to invest fractionally in luxury properties on the blockchain. On this marketplace, all properties are digitized and minted into NFTs, which Everlodge then fractionalizes. Thus opening up the market to low-income investors as they can purchase one fraction for prices as low as $100.
Furthermore, as the property value grows, so will the value of its corresponding NFT. The passive income capabilities are endless. Also, co-owners of the properties can use their NFTs as collateral to obtain short to medium loans. Consequently, it provides liquidity to an illiquid market.
This platform’s core is the ELDG native token, which is now in Stage 1 of its presale. One token costs only $0.012, but when Stage 2 begins, a surge to $0.016 will come. Moreover, when it launches on Uniswap or a Tier-1 CEX, experts foresee a 30x growth. Therefore, those who buy it now will receive tremendous returns on investment, governance, discounts, and more.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
