The Cardano (ADA) and Polkadot (DOT) face rejection from the market and have not seen the significant gains investors and traders hoped for. However, another project could surge in value, and that’s Everlodge (ELDG). But can this project generate an upswing and beat the competition? We will jump into their on-chart data to find out.
Summary
- Cardano can reach $0.37
- Polkadot expected to climb to $6.64
- Everlodge can surge by 30x
Join the Everlodge presale and win a luxury holiday to the Maldives
Cardano (ADA) Price Prediction
The Cardano (ADA) price now suggests that bears and bulls have not yet gained a proper grasp on the trend. In fact, investors will want to wait for a confluence of multiple technical indicators in order to decide the future direction of the Cardano price.
For the time being, however, the Cardano crypto witnessed good wallet adoption figures despite the decline in value. From April to August of the year, 250,000 new wallets were added, showcasing increased interest in the Cardano crypto.
The crypto needs to gather support and surge toward the 20, 50, 100, and 200-day moving averages. It’s been consolidating within the horizontal price range of $0.27. Based on the Cardano price prediction, it can surge to $0.37 by the end of the year.
Polkadot (DOT) Future Outlook
The Polkadot (DOT) crypto, on the other hand, is likely forming a massive double-bottom pattern while nearing the $4.20 range. However, a bearish trend line has formed, with resistance at $4.70 already. If the Polkadot crypto manages to break above the $5 range, it could start to experience a rally toward the $8 level.
However, the Polkadot price has been down by 39% in the past month yet has maintained a market cap of $5,408,991,027.
Based on these Polkadot stats, it now needs to break past the $4.76 resistance point in order to reach new heights. Analysts are bullish on its future, and according to the Polkadot price prediction, it can reach $6.64 by the end of the year.
Everlodge (ELDG) to Surge by 30x
Everlodge lets users invest in holiday homes and vacation properties, without the need to pour out millions of dollars upfront. By implementing NFTs, which are fractionalized, anyone can start owning fractions of a property worth $1M, at just $100 per share.
This number can be whatever amount they feel comfortable with as well, so if they have more capital to invest, they can get a larger share.
Moreover, there’s a dedicated Rewards Club. Here, users can get free nightly stays at available properties and sell them for more income. In addition, there’s the ELDG token, which serves a massive role in the ecosystem.
For example, those holding it can stake it for passive income. In addition, they can use it for governance or to get discounts. It is offered at just $0.016 during the Stage 2.
Analysts project that it can grow by 30x at launch, making it a potential blue chip that can dominate the crypto market.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Source: https://www.analyticsinsight.net/can-cardano-recover-to-0-37-polkadot-to-reach-6-64-everlodge-price-increases-60/