Hedera (HBAR) showcases bullish behavior on its chart. It performed well during the past week, capturing significant attention from investors and traders. This is the result of the announcement of new leadership, where Charles Adkins was appointed as President. Everlodge (ELDG) is also getting significant attention, as it can disrupt the $280 trillion real estate market by introducing blockchain-based elements.
Hedera (HBAR) to Reach $0.1284 After Appointing New President
Hedera (HBAR) recently announced that their Council will feature a new president, Charles Adkins. The new President will bring a lot of experience in WEb3 and had experience in Aptos and Polygon prior to joining. This resulted in a price upswing of the Hedera crypto.
During the past week, Hedera grew in value from $0.067 to $0.080. Now, it needs to break past the $0.1 price barrier to reach new heights. The total price upswing was by 36.5% during the past month and 70% during the past year. According to the Hedera price prediction, it can reach $0.1284 in 2024.
Everlodge (ELDG) to Introduce Blockchain Technology to Real Estate Market
Everlodge (ELDG) is an upcoming real estate marketplace that can change how traders access the $280 trillion real estate market by introducing AI-driven tools coupled with blockchain-based technology.
Most properties in luxury locations cost millions of dollars, which needs to be paid in upfront capital. As a result, they have been out of reach for many people. However, Everlodge will mint each property as an NFT, then fractionalize it into smaller pieces worth just $100 each. The important details, such as the ownership data, are stored in the smart contract’s metadata, enabling a high level of transparency and solving another key issue that has been a part of the industry.
There will even be a Rewards Club, where token holders can get free nightly stays. They can then resell them for additional capital gains, assuming they will not use them. The platform will have a dedicated Launchpad where developers can raise capital from the community as well, while those who supply them can get high ROI by jumping into properties early.
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Through this approach, anyone can generate passive income on a monthly basis, either by staking the native crypto or co-owning rental properties. There will even be an AI tool that will be able to monitor and then scan global property prices across all territories. It will then give traders up-to-date snapshots of a specific region at a given point in time and is a predictor for undervalued markets.
Summary
With this new leadership, Hedera could reach new heights. Despite that, a lot of attention is given to Everlodge. During Stage 8 of the presale, ELDG trades at $0.027. Once it launches and gets listed on Tier-1 exchanges, analysts are predicting a price upswing of 3,000%. As a result, this altcoin is seen as one of the best cryptos for diversification in 2024 and beyond.
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Source: https://www.analyticsinsight.net/charles-adkins-appointed-as-president-of-the-hedera-everlodge-to-change-the-trillion-dollar-real-estate-market-with-blockchain-technology/