Tech

XRP Loses on All Gains Post Court Win, Early Buyers in Everlodge Are up 80%

09/21/2023
Bitcoin Ethereum News

Everlodge

While XRP holders celebrated on the win against the long protracted SEC battle, the price of XRP has since plummeted, but why? Meanwhile a new project called Everlodge aims to transform the way we invest into property, and is outperforming the market.

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

The Hidden Inflation Problem of XRP

XRP harbors a critical flaw – token inflation. Unlike traditional fiat currencies, cryptocurrencies like XRP are governed by supply dynamics encoded in their protocols. The problem lies in the continuous expansion of XRP’s circulating token supply. While central banks can control inflation in fiat currencies, XRP operates differently.

Over the past decade, XRP has witnessed an average annual growth rate of around 44% in its circulating supply. This alarming rate means that for XRP’s price to remain stable or appreciate, its adoption must outpace the formidable 44% inflation rate. Token inflation of XRP threatens its value over time, as an oversupply is outstripping demand, driving down its market price.

To mitigate the impact of token inflation, XRP must attract new users, foster diverse use cases, and stimulate demand faster than its token supply expands. Achieving this is not easy and that’s why XRP has erased all of its previous gains. The irony here is that most crypto holders see cryptocurrencies as a hedge against inflation but US fiat historically does not inflate by more than 10% per year, way less than the 44% of Ripple’s XRP.

Everlodge

The Untapped Potential of Everlodge

In the world of crypto, being early is extremely important, as early XRP holders will know, since XRP is up by 18000% since its ICO. Everlodge is a new entrant to the space, with an exciting value proposition. Essentially Everlodge wants to promote financial inclusion and make it simple for investors to diversify their portfolios, in ways that were previously only possible for high net worth individuals.

Buying real estate to let has historically been something that only the wealthy can afford, but Everlodge are trying to change this through tokenization. This means that they are able to represent real world properties using NFTs and then sell fractions of the NFTs to would-be investors. 

Since the global real estate market is worth over $280 trillion, this is a great way to allow retail investors to receive a high ROI. NFT holders benefit from property price appreciation and also receive rental yields.

The ecosystem is powered by their coin ELDG. ELDG will be used to purchase properties on their marketplace, and it will also give holders discounts, and perks such as free vacation nights in their catalog of properties. Holders will also be able to stake ELDG which will help to secure the ecosystem, and in return will receive passive income.

At just $0.018 and in the 3rd stage of presale, the token has a huge amount of room for growth potential, and experts are forecasting that ELDG will be worth at least $1 once it lists on a Tier 1 exchange and a DEX such as Uniswap. ELDG is already up from $0.01 in just 2 months.

Find out more about the Everlodge (ELDG) Presale

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge

Source: https://www.analyticsinsight.net/xrp-loses-on-all-gains-post-court-win-early-buyers-in-everlodge-are-up-80/