Everlodge (ELDG), touted as the next Airbnb on Blockchain, is gaining significant traction even as development on Cardano (ADA) and Tezos (XTZ) platforms seems to be stalling. This promising blockchain-based accommodation service is currently in the presale phase, offering potential investors an early opportunity to participate in what appears to be a revolution across trillion-dollar industries. Let's take a closer look.
Everlodge (ELDG): A New Chapter in Real Estate Investment
Everlodge believes everyone should be able to participate in the lucrative world of real estate and make their money work for them. That's why they're using blockchain technology to break down traditional barriers and make the industry more accessible to all.
By minting NFTs that represent properties, Everlodge can offer fractional ownership in homes before they're rented out to the market. This allows investors to earn passive income from high-end properties without needing large sums of capital.
But beyond just opening up investment opportunities, Everlodge has a Rewards Club that offers exclusive perks and benefits to members. These include free stays at luxury properties, discounted rates, token staking benefits, and more. The ELDG token is the key to accessing these rewards and serves as a medium of exchange on the platform.
Keen investors can pick up ELDG for just $0.027 in phase eight of the presale. This represents a 170% increase in value since the initial phase of the presale, proving the growing interest and momentum behind Everlodge.
The concept of fractional ownership through blockchain technology has far-reaching implications. Those with just $100 can now invest in high-end properties and reap rewards that would have been out of reach just a few years ago. Analysts believe this could cause the price of ELDG to shoot up by more than 30x on launch day.
Can Cardano (ADA) Break $0.80 Resistance?
Cardano (ADA) is a layer-1 blockchain that prides itself on its rigorous academic approach to development. However, this dedication to research has also led to a slower pace of development compared to other blockchain projects.
While Cardano is making progress and is about to unveil the Voltair update, the industry has evolved leaps and bounds since Cardano first entered the scene. This is reflected in Cardano'sprice performance, down 80.18% from the all-time high of $3.10 in 2021.
The chart shows that Cardano needs to hold above the $0.60 - $0.65 resistance zone for a bullish entrance into 2024. The significant resistance sits at $0.80, with a break and close above this level signaling the start of a fresh bull run for Cardano.
Market analysts are tracking the Cardano TVL metrics for an uptick that could signal adoption and act as a precursor to a potential price rally. The current TVL of $443 million is encouraging, but a billion-dollar TVL would cause the market to see the potential for Cardano and could inject FOMO.
Is Tezos (XTZ) Dead or About to Rise?
Tezos (XTZ) is another layer-1 blockchain that has faced similar challenges to Cardanoregarding development speed. Despite starting development in 2017 and raising over $200 million, Tezos has a TVL of just $33 million and is down 89% from its all-time high of $9.18.
It seems like Tezos is concentrating on attracting retail investment rather than pushing the envelope of blockchain development. The sponsorship of Manchester United FC is a prime example of this strategy. While this may bring some short-term attention and investment, it does not necessarily equate to long-term growth and success in blockchain.
Looking at the charts shows that Tezos has climbed from $0.60 at the end of October to today's price of $0.93. The next major resistance level is at $1.20. A break and close above it could indicate the start of a new bull run for loyal Tezos supporters.
Like Cardano, Tezos must attract significant TVL to see substantial price growth. With its low adoption rate, Tezos has a long way to go before it can catch up with other top layer-1 blockchains, such as Solana and Ethereum.
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