A new crypto rivalry is making waves in the DeFi space: Everlodge vs Shiba Inu. Shiba Inu’s recent Shibarium launch left many investors feeling frustrated after months of delays. This has allowed Everlodge to gain traction as Shiba Inu investors diversify their portfolios.
Though it’s a new project in the DeFi space, experts have high expectations regarding Everlodge. During its presale, Everlodge could increase in value 35x, outperforming Shiba Inu and offering above market returns for bullish investors. Here’s how the two projects are expected to perform in 2023.
Click Here To Find Out More About The Everlodge (ELDG) Presale
Can Everlodge Gain Mass Adoption?
Unlike many new DeFi projects that play on current trends, Everlodge introduces an entirely new DeFi application. Everlodge was created to disrupt the vacation property market. It lets investors buy a percentage ownership of a property, instead of owning the full property itself.
For example, buying 20% of a $1 million dollar property for $200,000. Once purchased, investors will receive an NFT representing their share and will earn a passive income based on the amount they own.
This application is expected to shake up the vacation property market, which is currently dominated by wealthy individuals and families. Everlodge also simplifies the process of purchasing a property. Historically, this process would take months and involve countless piles of paperwork.
However, with Everlodge, all data is stored on the blockchain. As a result, the amount of paperwork involved is significantly reduced.
The Everlodge ecosystem will also include a launchpad for property developers looking to raise funds, and a rewards club where members will earn free nightly stays across all properties and hotels in the Everlodge ecosystem.
Everlodge’s presale is already gaining traction. Its token value has increased by 20% from $0.01 to $0.012 and is expected to increase to $0.016 once stage one sells out. Given that the stage is 90% sold out, this is expected to occur over the next week.
As well as having an exciting ecosystem, Everlodge is also extremely secure. It’s been audited by BlockAudit, and token liquidity will be locked for eight years to reduce any risks of a rug pull.
Given its potential, experts believe that Everlodge could outperform Shiba Inu before the end of 2023.
Will Shiba Inu Recover From The Shibarium Launch?
Shiba Inu (SHIB) recently added Shibarium to its ecosystem. This layer-2 scalability platform was expected to take Shiba Inu to new highs and become a big hit throughout the DeFi ecosystem.
However, the project suffered a significant fault during its launch. This error left $1.7 million worth of Ethereum stuck on the Ethereum to Shibarium bridge. Shiba Inu’s value instantly decreased, and excitement around the project fell.
While Shiba Inu has since recovered, this fault caused Shibarium’s launch to be less than satisfactory. As of September 2023 Shibarium has a total value locked of $1.26 million. Its transaction volume is averaging around 100,000 daily.
Should Shibarium manage to gain traction, Shiba Inu’s value will almost definitely increase. That being said, in the short term Everlodge will likely offer higher returns than Shiba Inu, which has made it a more popular investment in the market.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Source: https://www.analyticsinsight.net/crypto-showdown-everlodge-vs-shiba-inu-which-one-will-prevail/