Everlodge (ELDG) Triggers A Bull Run, While Polygon (MATIC) and Avalanche (AVAX) Fight For Survival
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Are you in search of a crypto project that can help you multiply your investment manifold? Invest in Everlodge early. This new project is likely to score big in the coming months.
Therefore, investors are actively looking to accumulate as many ELDG tokens as they can. Meanwhile, projects like Polygon (MATIC) and Avalanche (AVAX) are faced with some bearish market conditions.
Polygon (MATIC) Introduces First Upgrade to zkEVM
The Polygon (MATIC) network is continuously working on improving its ecosystem. In the latest event, Polygon has successfully executed the first major upgrade to its zkEVM. Meanwhile, Polygon has suffered a drop of 5% on the monthly price chart. Thus, the current trading price of Polygon has fallen to $0.52.
Notably, it will be the first upgrade to Polygon’s zKEVM since its launch in March 2023. With this upgrade, Polygon aims to bring several improvements to the network. Some of the major improvements include support for PUSH0, and the latest Ethereum opcode. Recently, the MATIC community celebrated the launch of Polygon 2.0.
Avalanche (AVAX) Sees Drop In Network Activity
The Avalanche (AVAX) ecosystem has been witnessing a drop in network activity for a long time. Thus, the total value locked (TVL) of Avalanche has also nosedived. As per the latest data from DeFiLlama, Avalanche’s current TVL has fallen to $497 million.
Notably, the TVL of Avalanche was $11 billion in November 2021. Moreover, the decline in TVL has negatively affected the price of Avalanche (AVAX). In the last month, the price of Avalanche has plummeted by 9%.
Consequently, the current trading price of Avalanche is $4.44. However, experts fear a further decline in the value of Avalanche due to ongoing bearish market sentiments.
Everlodge (ELDG) Brings Massive Profits To Early Investors
A research report from Custom Market Insights (CMI) estimates a significant jump in the vacation rental market. It suggests that the sector’s market size can reach $317.76 billion by 2030. This massive growth prospect has made the sector a hot topic among investors.
Everlodge is revolutionizing the hospitality sector with its innovative business model. This new Web3 platform will allow users to invest in hotel, and vacation home properties, starting at as low as $100. This is the first-ever blockchain platform to combine Non-Fungible Tokens (NFTs) with the holiday stays sector. It will mint digital tokens against luxury villas, hotels, and vacation stays.
The tokens will then be fractionalized to allow small investors to invest in them. Moreover, these NFTs will be backed by real-world properties, so they will continue to increase in value. ELDG will serve as the native cryptocurrency for the platform’s ecosystem.
Holders of the token holders will receive benefits such as discounts, rewards, and holiday giveaways, as well as access to the Rewards Club. By becoming a member of the platform’s Rewards Club, users will be able to avail of free stays at luxurious properties.
Everlodge’s token presale is in its third stage, and has seen a rapid increase in value. The price of the token has surged from 0.01 to 0.018 in just a few weeks. As per analysts’ predictions, the project’s value will scale at least 280% in the presale stage, and 3000% once it is launched.