The crypto market is a competitive sector, thanks to the addition of new crypto projects with new use cases. As a result, old underdogs like Solana and Ripple have to battle for their position. A real estate crypto project called Everlodge has emerged with the potential to unseat Solana and Ripple. Let's see if it has what it takes.
BIT Exchange To Launch Solana (SOL) Options Trading
BIT exchange, a Jihan Wu-owned digital asset platform, has announced its plans to introduce options trading for the Solana (SOL) token. This decision comes after high demand from institutional investors.
Besides, Solana has recently gained recognition as a leading blockchain protocol. It has played a major role in strengthening DeFi markets. Solana blockchain is ranked as one of the top 10 rapidly growing blockchain networks in terms of TVL. Its TVL has increased by over 100% in the past 30 days.
Per data from CoinMarketCap, Solana coin has increased from $48 to set a new 18-month high at $68 range within the past month. Solana price has increased 81.7% in the past week, thanks to large adoption.
Ripple (XRP) Looking At Potential 40% Surge
According to CoinMarketCap, Ripple's XRP remains the 5th largest coin with a market cap of $31 billion. Since the beginning of the Ripple SEC lawsuit, the crypto community has kept an eye on the token.
Between mid-October and early November, the Ripple coin saw substantial growth. Its price skyrocketed from $0.477 to a peak of $0.732, showing a gain of 53.5%. The Ripple coin has traded between $0.582076 and $0.651426 as of the final week of November.
After two downward-sloping trendlines, the price of Ripple has now gotten stuck. This could indicate that a bullish flag pattern is forming. This pattern suggests that the price of Ripple cryptocurrency may rise above the top trendline. In the event that this occurs, the Ripple pricemay surge by 40% and reach $0.83.
Everlodge (ELDG) Brings NFTs and Blockchain Technology To the Real Estate Sector
Everlodge (ELDG) has made giant strides in the real estate industry with its new approach to trading real estate properties. The ownership of high-value properties in top locations such as Miami or Dubai has been restricted to the very wealthy.
However, Everlodge has launched to disrupt this long-standing tradition. The project has incorporated blockchain technology with NFT fractional ownership to create a marketplace. This marketplace will democratize luxury property investments and make them accessible to more people.
The marketplace has leveraged blockchain technology for added secure storage and transparency. Property information, including titles and deeds, will be stored in the metadata of each NFT. These NFTs symbolize a user's share in a property. In addition, they are created to make it easier for investors to trade real estate properties.
Everlodge's native token, ELDG, presents additional advantages such as staking rewards and discounts. The price of Everlodge's token has increased to $0.025. Industry experts have anticipated a 20x price increase, citing Everlodge's integration with the $280 trillion global real estate market.
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