The altcoins began to recover from consecutive crashes last week. However, Polygon (MATIC) and Solana (SOL) continue to be bearish, with fewer chances of turning the tide for the better. In such instances, Everlodge promises to be a worthy investment option for the long term.
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Is Polygon (MATIC) on the Road to Recovery?
Polygon (MATIC) is having a hard time despite promising announcements. Its price graph is similar to that of many altcoins in recent times. However, many users expected Polygon (MATIC) to do better. It’s surprising that none of the positive updates could boost Polygon’s (MATIC) price over the last few days.
For example, Polygon (MATIC) collaborated with SK Telecom, the largest telecom provider in South Korea. The price surged after the announcement. However, Polygon (MATIC) couldn’t sustain the upward momentum. Even the launch of the much-awaited zkEVM platform didn’t help much.
Nevertheless, Polygon (MATIC) has an almost green graph at press time, with an increase of 0.37% in the last 24 hours. Polygon (MATIC) is priced at $0.5755, with a 0.40% surge in market cap. Even the trading volume is up by 10.84%. However, Polygon (MATIC) is down by 24.68% through the month. The price is much below the $0.7713 mark from July 23rd. Polygon (MATIC) is currently in its bearish phase, and might continue to be for the next few days.
However, the community is hopeful for Polygon’s (MATIC) recovery as the platform comes with more developments to strengthen its ecosystem.
Solana (SOL) Confirms Bearish Pattern – Price Down Again
The monthly graph for Solana (SOL) is in red. The token lost 15.06% in the last month, and is trading at $21.52 at press time. Despite the slight recovery in the crypto market, Solana (SOL) is below the $21.6554 mark. Even the trading volume and market cap are down.
Moreover, Solana’s (SOL) technical analysis shows that the price could go either way at this point. Solana (SOL) may fall further close to the support levels at $18.9493 and $15.8006. However, if it gets market support, the token has to break resistance at $25.1811. The second resistance is at $28.3298.
Currently, Solana (SOL) is bearish and hints at a downward movement. In fact, the token’s RSA was rejected on the 14-SMA line. Data shows Solana (SOL) is in the oversold category, strengthening the bearish trend. Though Solana (SOL) managed to touch $22 for a brief moment on August 21st, the token couldn’t retain its upward rise. Unfortunately, things aren’t looking great for Solana (SOL).
Win Exciting Rewards with Everlodge (ELDG)
Everlodge will combine AirBnB and Web3 to allow users to gain fractional co-ownership of vacation homes. Statistics show that more than 450 million people use vacation homes worldwide. The platform will allow investors to buy NFTs for hotels, luxury villas, and vacation homes on the blockchain. Furthermore, it will provide for presale investors and token holders.
Everlodge has ELDG as the native token. The token is priced at $0.01. It is going bullish in the coming days. Experts say the ELDG token will give over 30x returns to investors. Furthermore, users can earn a fixed monthly interest by staking their tokens on the platform.
The project aims to create a robust ecosystem for users. For example, the launchpad will allow property developers to raise capital. Investors can maximize their ROI. Similarly, users can get loans by using their fractional NFTs as collateral.
Everlodge passed the audit, and is a safe investment choice. Buy the tokens to gain membership, rewards, and discounts.
Join the presale today to win a luxury holiday in the Maldives.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge