Cardano (ADA) is Still Down as Solana (SOL) Gains Momentum: Everlodge (ELDG) Continues to Have an Upper Hand

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The crypto community breathes a sigh of relief as the market recovers. Cardano (ADA) struggles even as Solana (SOL) turns green. Everlodge is confident of its bullish position during the presale.

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

Cardano (ADA) Suffers Due to Selling Pressure

Data shows high selling pressure is affecting Cardano’s (ADA) price. Cardano’s token stayed well below the $0.28 mark for an entire month. Furthermore, Cardano fell to $0.2379 last week before gaining a slight upward movement.

Cardano is at $0.2507, at press time, registering a 7.20% loss for the month. Fortunately, the weekly graph is green, and shows a gain of 1.50%. With Bitcoin (BTC) recovering, most cryptocurrencies have started to push upward. While Cardano is no exception, the token is still in a weaker position.

Cardano’s TVL (total locked value) has grown in the first half of 2023, but declined since July. According to on-site data, Cardano (ADA) recorded a 30% decline in TVL since July due to decreased network activity. Unsurprisingly, Cardano’s prediction remains bearish. Cardano can turn the tide by crossing $0.40. This can be possible if Bitcoin breaks through the $31,000 mark soon.

Solana (SOL) Looks to Strengthen its Position

Like other cryptocurrencies, Solana (SOL) is also in the recovery mode. The price crossed $20 twice this week, though Solana is trading at $19.89 at press time. There’s been a slight increase of 0.26% in the market cap. Moreover, Solana is now among the top ten performers in the crypto market.

Solana’s recovery is remarkable, considering the price fell to $17.55 last week. This short-term gain has boosted the community’s hope, while analysts are calculating to measure the potential long-term growth for the token.

In other news, Eclipse mainnet introduced Ethereum SMV L2. SVM is Solana Virtual Machine, which Eclipse considers the right choice for its environment. Additionally, Eclipse feels Solana (SOL) would boost the speed of the project, and make it more scalable. It’s rather amusing that Solana intended to replace Ethereum, but the two will be working together. However, Solana has a prominent role in the project, which could boost its price momentum.

Less Than a Week for Everlodge (ELDG) Token’s Price Rise

Everlodge is a property marketplace on the blockchain for users to co-own vacation homes, luxury hotels, resorts, and villas. The platform will digitize, and mint vacation properties into NFT. These NFTs will be fractionalized into smaller ones for users to purchase them for lesser amounts.

Additionally, Everlodge will offer memberships and discounts to facilitate co-ownership of vacation properties for as little as $100. Moreover, statistics show global luxury vacation home rentals will grow by 13.1% from 2021 to 2031. Investors can diversify their portfolios by co-owning vacation properties on the blockchain.

The ELDG token is priced at $0.018, in Stage 3 of the presale. Analysts predict the price will grow by 280% in the coming days. The token has a strong bullish trend, and is ready to register another hike in less than a week. Furthermore, the platform’s ecosystem offers many rewards, deals, etc. Users can also stake their native tokens to get short-term loans.

Join the presale to get a 20% bonus, and be eligible to win a luxury holiday to the Maldives.

Find out more about the Everlodge (ELDG) Presale

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

Telegram: https://t.me/everlodge

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.