There has been a lot of concern about Cardano reaching its block limit soon. While this claims are unverified, there appears to be panic-selling resulting in a dip in the price of this cryptocurrency throughout the day’s trading. On the other hand, Everlodge has continued to attract investors’ interest with its transformative approach to the real estate marketplace.
Cardano Block Capacity Nears Maximum Capacity; Could a Network Upgrade be Eminent?
In the early hours of today, prominent crypto analysts and holders of Cardano’s ADA took to their social media timelines to share their reactions regarding the potential of Cardano reaching its block limit in the near future. Renowned crypto influencer, Cardano Yoga, highlighted that Cardano is approaching a point where consecutive blocks are nearly full, with network usage capacity reaching 90%.
In a Twitter post, Cardano Yoga compared the fee system of Cardano with that of Bitcoin, shedding light on the implications of reaching full block capacity and how it could impact Cardano’s fee system in the coming months.
Meanwhile, as news of Cardano nearing its block limit spread, some investors reacted with fear and chose to sell their cryptocurrency holdings, resulting in an order cluster. This sudden sell-off caused an immediate decline in ADA price, which is currently hovering around $0.58, reflecting a 2.24% decrease in the last 24 hours. However, it’s worth noting that Cardano still maintains a positive average increase of 7.9% over the past 7 days, indicating that the price adjustment may only be temporary.
Everlodge’s Innovative Property Marketplace Sparks Enormous Interest Among Investors Seeking Fractional Ownership of Real Estate
Amidst heightened concern in the Cardano community, some investors went on to seek for other promising crypto projects to invest in. A notable choice for many investors is Everlodge which is on a mission to transform the way people approach and engage with real estate ownership.
Simply put, Everlodge is a property marketplace that allows users to fractionally invest in hotels, vacation homes and luxury villas on the blockchain. To achieve this, Everlodge combines fractional vacation home ownership, with timeshare and NFT technology. The result of this is a unique property marketplace that allows users to co-own Hotels and luxury villas.
Essentially, the process involves digitizing hotels and luxury villas, transforming them into unique NFTs. After that, all essential information, including titles, deeds, and ownership details, is securely stored within the metadata of smart contracts. Once that is done, these NFTs are then fragmented, enabling users to purchase smaller, more affordable portions birthing the term “fractional ownership”.
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Explore now: https://t.co/SIYWBylwQD#RWA pic.twitter.com/aTuT8x7z36— Everlodge (@EverlodgeHQ) October 23, 2023
The intriguing part of all of this is that as the value of the underlying property appreciates, the price of the NFTs follows suit, offering investors the opportunity to capitalize on the property’s growth and potentially generate profits, making it an attractive option for those seeking the best crypto investments.
At the center of this innovation is the platform’s native asset – ELDG token which doubles as both the governance and utility token. Beyond offering purchasing power within the ecosystem, the ELDG token can also be staked for long term rewards, as well as to participate in the governing processes within the ecosystem.
Currently in an ongoing stage 8 presale, the ELDG token is currently priced at $0.027, exhibiting a notable increase from its initial starting price of $0.01. So far, the token has demonstrated substantial potential for impressive returns, not to mention that experts forecast a remarkable 30x rally on launch day, further cementing its status among the best crypto investments.
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Source: https://www.analyticsinsight.net/everlodge-draws-more-attention-as-investors-express-concerns-over-cardano-block-capacity/