The crypto landscape is filled with rapidly changing trends. Noteworthy ones include the persisting decline in Axie Infinity (AXS) and the decreasing dominance of Floki (FLOKI) in the meme ecosystem. Amidst this, Everlodge (ELDG) has risen as an investor favorite, becoming a haven for staggering returns.
Summary
- Axie Infinity sees a continuous downturn in its price
- Floki witnesses a downturn in meme dominance
- Everlodge promises a 45x surge in value in 2023
Axie Infinity (AXS): Persisting Bearish Trend
Axie Infinity (AXS) is a prominent player in the blockchain gaming landscape. This battling game is partially owned and operated by its players. The Axie Infinity game allows players to collect, breed, raise, and trade Axies, with a marketplace integrated into the ecosystem.
While this blockchain-based gaming platform has a leading status in the P2E (play-to-earn) space, it is currently experiencing a period of decline. This decline in Axie Infinity can be attributed to several factors, including market sentiment and a shift in investor focus.
Despite this, it is important to note that Axie Infinity boasts a robust ecosystem and fundamentals. Further, it has a dedicated user base, which will contribute to its bounceback in the future.
Floki (FLOKI): Diminishing Meme Dominance
Floki (FLOKI) used to be an investor favorite, but not anymore. The meme-inspired token gained prominence for its unique memetic appeal. Floki was named after Elon Musk’s dog and a Viking character, creating a strong community in the process.
However, in recent times, it has witnessed a gradual fading of its meme dominance. The emergence of new memecoins has reduced the influence of Floki, making it less appealing. Moreover, Floki used to be a top 100 token by market cap earlier this year but has declined below 200.
This trend also highlights a broader shift in market sentiment as investors increasingly seek tokens with tangible utility. Floki’s long-term viability has come into doubt, with inventors prioritizing projects with long-term potential.
Everlodge (ELDG): A Potential 45x Surge in Price
Amidst the fluctuations in well-established tokens like Axie Infinity and Floki, Everlodge (ELDG) emerges as a notable player. It has gathered significant attention for its vibrant ecosystem and disruptive nature. Further, it has been tipped as a lucrative haven, with analysts forecasting a surge of 45x from its current price of $0.019.
Everlodge’s disruptive nature borders on democratizing access to the global real estate industry worth over $280 trillion, according to Moore Global. By leveraging blockchain technology, it aims to become the first platform on the blockchain to allow co-ownership of luxury villas and vacation homes. With as little as $100, enthusiasts can partially own exquisite properties.
The functionality of this innovative project revolves around digitizing properties like luxury villas and hotels, which will be minted into NFTs. Through the fractionalization of property-backed NFTs, users can co-own bits of luxury buildings. If the value of digitized villas increases, so does the price of the NFTs, making Everlodge a great way to earn passively.
In addition, the presale is also secure, improving investor confidence and contributing to the massive presale participation. The liquidity pool will be locked for 8 years, which dispels fear of rug-pull. Additionally, team tokens will be locked for 2 years.
More about the Everlodge Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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Source: https://www.thecoinrepublic.com/2023/10/02/axie-infinity-and-floki-decline-while-everlodge-becomes-a-profitable-sanctuary/