Why The Market is Bullish on Kaspa, Optimism, Everlodge

As the overall market takes a downturn, certain crypto projects are rising in value. Let’s find out more about why Kaspa, Optimism and Everlodge have been in the green this week.

Join the Everlodge presale and win a luxury holiday to the Maldives

Kaspa could dominate e-commerce crypto payments

Kaspa (KAS) is a scalable and decentralized blockchain project that aims to become a widely used peer-to-peer electronic cash system, like Bitcoin originally set out to be.

The team combines top cryptography researchers who published influential early work cited in the Ethereum whitepaper.

Kaspa uses a DAG-based consensus model allowing fast transaction speeds and confirmation times. It can process significantly more transactions than older blockchains.

Having fair launched with no pre-mine and a fixed supply, Kaspa is considered a community-driven, ethical project. The KAS token has utility for paying network fees.

With crypto narratives being key, Kaspa benefits from being referenced in the Ethereum whitepaper years ago. This creates a compelling marketing angle to ride the next bull run.

A few days ago Kaspa announced their partnership with NOWPayments, meaning that the chain can now integrate with online shopping, and this is likely one of the reasons that people are feeling bullish about Kaspa.

While risks remain around competition and execution, Kaspa’s impressive technology and strong narrative give it breakout potential. Some experts say that Kaspa looks undervalued at the current market capitalization of $1.1 billion, though it’s worth noting that 24-hour volume is low – at around $9 million at time of writing. However the chain is still in the early phases.

KAS is up by an impressive 1024% over the yearly.

Optimism’s OP stack chosen by Coinbase, Binance and a16z

Optimism is a layer 2 scaling solution built on Ethereum that uses “optimistic” rollups to batch transactions off-chain. This significantly reduces gas fees and improves transaction speeds by settling transactions on Optimism’s network before feeding data back to the Ethereum mainnet.

By rolling up transactions into a single batch, Optimism is able to compress data to cut fees by up to 129 times versus doing transactions directly on Ethereum. Popular DeFi apps like Synthetix and Uniswap integrate Optimism to lower costs for users.

Optimism aims to be highly interoperable with Ethereum. It utilizes the same EVM and allows moving ERC-20 tokens between the two networks via a gateway.

In recent months, major crypto companies like Coinbase, Binance, and Andreessen Horowitz (a16z) have chosen Optimism’s OP Stack to build their own layer-2 solutions on Ethereum. This highlights the growth in partnerships and integration for Optimism’s technology.

While currently in beta with some centralization, Optimism plans to decentralize by launching a DAO for governance and building a decentralized sequencer responsible for block production.

With Ethereum gas prices persistently high, Optimism offers a scalability solution for DeFi users to transact at a fraction of the cost until planned Ethereum upgrades like sharding arrive.

Everlodge rises by 20% through tokenization of vacation homes

Everlodge is a new entrant to the crypto space, with a new idea. They want to democratize access to the global property vacation market, which was valued at $82.63 billion in 2022.

Using tokenization of Real World Assets (RWA) on the blockchain, Everlodge will be able to sell fractions of ownership from as little as $250. Investors will receive an NFT that will generate a rental income. In the spirit of decentralization, all digital assets are stored in self-custody in the investor’s wallet.

The ELDG token for Everlodge has attractive tokenomics for early adopters. The total fixed supply is 800 million tokens, with 480 million available for presale.

The Everlodge team has completed a KYC verification process with BlockAudit and the smart contract is fully audited by Intefi. Team tokens will be locked for 2 years and the liquidity pool will be locked for 8 years to prevent a rug-pull scenario.

ELDG is in stage 1 of the presale at $0.012 per token, up 20% from the beta stage. The launch price is set at $0.038 – a 280% increase from the presale price. Forecasters predict up to 30x from there.

As the tokenization of RWA increases, now is the right time for a project like Everlodge.