This article takes a closer look at the recent bearish trends observed in the charts of Sui (SUI) and NEAR Protocol (NEAR). Moreover, it will analyze whether this downward movement is likely to continue. While these coins face challenges, the article also shines a spotlight on Everlodge (ELDG), whose presale is gaining substantial attention despite the broader market conditions.
Join the Everlodge presale and win a luxury holiday to the Maldives
Sui (SUI): A Bearish Downturn
Recent market trends have shown Sui (SUI) experiencing a bearish downturn, with its price chart depicting a downward trajectory. This movement has caused some investors to question the short-term prospects of Sui.
Although the Sui token saw a surge in May, reaching $1.40, its value has been on a downtrend ever since. Analysts point to a combination of factors, including broader industry trends, as potential contributors to this Sui downward movement.
Despite the current bearish trends observed in the short term, Sui holds the potential for a favorable long-term investment. Sui’s underlying technology, use case, and development progress should be considered when evaluating its long-term prospects. Therefore, experts remain bullish as they predict a value of $0.76 for the Sui coin by the end of 2023.
NEAR Protocol (NEAR): A Similar Story
NEAR Protocol (NEAR) has also experienced a bearish phase, with its price chart reflecting a decline in value. While the cryptocurrency market is known for its volatility, NEAR Protocol’s recent trajectory has raised questions about whether this trend will continue.
In recent NEAR Protocol news, it was announced that the crypto exchange Nexo has integrated with the network. As a result, users can now deposit and withdraw NEAR Protocol tokens on the exchange.
While short-term challenges exist, analysts recognize that the bigger picture encompasses NEAR’s ability to contribute to the broader blockchain ecosystem. Thus potentially positioning it as a valuable player in the long run. For this reason, they predict that the NEAR Protocol price could reach $1.77 by December 2023.
Everlodge (ELDG): Defying Market Trends
In these market dynamics, Everlodge (ELDG) is capturing attention for all the right reasons. Despite the bearish trends affecting Sui and NEAR Protocol, the Everlodge presale generates significant interest in the crypto community. The project’s innovative approach to real estate investment is resonating with investors.
In other words, Everlodge will build the first-ever fractional property marketplace on the blockchain. To clarify, it will digitize and mint luxurious properties such as hotels into NFTs. Afterward, it fractionalizes these NFTs. Consequently, users will no longer need high capital to participate in the real estate market since fractions of the NFT may cost as low as $100.
Also, real estate’s illiquidity has hindered swift transactions and market access. Everlodge allows the NFTs to be sold, bought, and traded on its secondary marketplace or any third-party ERC-20 compatible marketplace. Thus amplifying liquidity and empowering investors to make timely decisions without the constraints of traditional real estate transactions.
Those interested in supporting this project are flooding its Stage 1 presale as one ELDG native token costs just $0.012. Unlike Sui and NEAR Protocol, ELDG has a low market cap of $5.7M. Therefore, experts predict it will surge much faster. As a result, they believe that it will soar by 191% before its presale ends and reach $0.035.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge