The recent crypto market downturn has led to various speculations on the future of some cryptos. Some of these tokens, such as Ethereum (ETH) and Stellar (XLM), which all had bullish potential, are now experiencing a bear trend. Meanwhile, Everlodge (ELDG) continues to generate presale momentum. As a result, the token is keenly establishing itself as one of the best cryptos to invest in 2024. More details below.
Everlodge (ELDG) Attracts Massive Presale Investors Amid Show of High Growth Potential
Following an entry into stage 9 of its presale, Everlodge (ELDG) is growing in reputation and growth potential. The Everlodge token which is tipped to achieve over 280% growth before launch, is seeing a massive investment influx. This is due to the innovative model that Everlodgeis implementing to solve luxury property investment issues. A development that has placed the project on investors’ list of top cryptos to buy.
Everlodge is a property marketplace that combines blockchain technology to make investing in real estate affordable and safe. To achieve this, Everlodge is creating fractionalized NFTs backed by real-world luxury properties. As such, individuals who buy these NFTs will own a fraction of the luxury assets that the NFTs represent. Records of ownership are kept in smart contracts on the blockchain.
There’s a high chance of the ELDG gaining more value and reputation in Q1 of 2024. This is in view of the recent announcement by Everlodge to start staking the $ELDG token soon. Moreover, owners of the ELDG token will easily transact on the Everlodge platform as well as gain rewards and other privileges that come with owning the token. The ELDG token is currently sold for $0.029. Crypto experts have projected a 280% increase in token value in presale and 30x on launch.
Security-wise, Everlodge has passed audits from Interfi and Block Audit teams. The liquidity of the token will be locked for 8 years to prevent a rug-pull scenario. Overall, the Everlodge project is proving to be one of the best cryptos to invest in 2024.
Ethereum (ETH) Heading for a Positive Turnaround
Ethereum (ETH) is showing signs of a resurgence after battling the bear trend in the last few days. According to CoinMarketCap, the Ethereum price dropped by 4% in the last few days with the market cap dipping at the same time. Moreso, Ethereum trading volume has also lost about 40% on a day-to-day average since the turn of the year.
However, the Ethereum price chart shows that the coin is heading for a resurgence which could push the price up. Crypto experts are projecting a high ROI before the end of the year. Based on Ambcrypto Ethereum price prediction for 2024, the coin will trade at an average price of $3062 before the end of the year. With the speculations of a bull run coming soon, Ethereum’s price might hit the target in the year.
Bear Trend Sets Tone for Stellar (XLM) in 2024
Stellar (XLM) is starting the first week of 2024 with a bearish sentiment. While the Stellar token struggled to maintain a price boost in December, investors hoped the turn of the new year might change the price trajectory. However, that’s not the case as Stellar records a 9% loss in price value so far in 2024.
Moreover, Stellar trading volume is declining rapidly. For context, Stellar has lost over 25% in day-to-day average trading volume as shown by data from CoinMarketCap. Experts believe the token may break its bearish form in the next few weeks.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
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.
Source: https://cryptodaily.co.uk/2024/01/bearish-trend-for-ethereum-eth-and-stellar-xlm-as-everlodge-eldg-gathers-massive-presale-momentum