Everlodge has begun its token presale, and the demand for ELDG has skyrocketed in just a few days. Investors are overwhelmingly investing in this new project to earn bigger profits.
Meanwhile, long-standing projects like Binance (BNB) and Fantom (FTM) have failed to come out of the red zone.
Binance (BNB) Is Falling Despite Holding Major Market Share
Since the US SEC started taking legal action against Binance, BNB has been under tremendous selling pressure. The market value of Binance (BNB) has dipped by 10% in the past seven days.
As a result, Binance (BNB) is now trading at $216.59. However, some Binance proponents strongly believe that BNB can see a price revival soon. Binance’s (BNB) dominance in cryptocurrency reserves among exchanges is still intact. Although other exchanges, like Coinbase, have been increasing their market base, Binance (BNB) still holds the largest share.
Meanwhile, the trading volume of Binance (BNB) has increased in the past week.
Fantom’s (FTM) DEX SpiritSwap Decides To Shut Down
The multichain fiasco has shaken the foundation of the Fantom (FTM) network, which is undergoing several developments in its ecosystem. In the latest event, SpiritSwap, a notable DEX on the Fantom (FTM) network, has decided to cease all its operations from September 1. Reportedly, the issue related to Fantom’s (FTM) multichain bridge has severely hurt the treasury of SpiritSwap, forcing the DEX to stop its operations.
Notably, the multichain bridge of Fantom (FTM) lost around $126 million to the hack. The network growth of Fantom (FTM) has also dwindled as the number of new addresses on the network has taken a dip. Subsequently, Fantom’s (FTM) market value has suffered a drop of 14% in the past seven days. At present, Fantom (FTM) is available to trade at $0.24.
Everlodge (ELDG) Becomes The Most Sought-after Cryptocurrency
As per the market data, the global real estate market size is over $280 trillion. Moreover, the vacation rental market is expected to surge at a CAGR of 4.7% by 2030. Everlodge is a first-of-its-kind platform that aims to revolutionize the real estate, and hospitality industry. This new blockchain platform can soon become a blue-chip project.
It has introduced a hybrid property co-ownership business model allowing people to own vacation homes and luxury villas for as low as $100. The platform will create NFTs of real estate, including luxury villas and hotels.
It will collaborate with renowned hotel chains and luxury property developers to add the best properties to its ecosystem. Post-minting, it will fractionalize NFTs to enable retail investors to purchase them.
These NFTs will be created against real-world properties, so their value is expected to increase over time.
The most notable benefit this platform offers is access to the Rewards Club. Under this, the platform users will get free nightly stays across all properties available in its ecosystem. They can trade these stays as well, to generate some extra income.
ELDG is the native crypto of the platform, and its holders will get multiple benefits, like holiday property raffles, giveaways, discounts on transaction fees, and staking rewards. Its presale round has begun, and the tokens are selling out fast.
At present, the tokens will cost only $0.01, but their price can jump by 280% during the presale round. Besides, its smart contract is audited by an independent auditing firm.
Find out more about the Everlodge (ELDG) Presale