In 2024, the crypto market is expected to reach new heights. Subsequently, investors are aggressively investing in projects with massive growth potential. Everlodge is likely to be one of the most profitable crypto projects this year.
Therefore, its ongoing presale has received overwhelming support from the market. Although Cosmos (ATOM) and Stellar (XLM) are also looking convincing, investors prefer this new project for better returns.
Cosmos Bats For Long-term Profitability Of ATOM
Cosmos has been in the headlines since its community voted to reduce the maximum inflation rate of ATOM. The Cosmos (ATOM) community has taken this decision as a security enhancement measure. The proposal now passed will bring a reduction in the annual interest rate for Cosmos (ATOM) stakers.
Its proponents claim that this development will foster growth and long-term profitability of Cosmos (ATOM). However, the decision by Cosmos’ (ATOM) community has not made any immediate gains. In fact, Cosmos (ATOM) is now witnessing an erosion in the gains it made last month.
In the past seven days, the market value of Cosmos (ATOM) has dropped by 15%. Consequently, Cosmos (ATOM) currently trades at $10.05.
Stellar (XLM) Pushes For More Adoption
The last few weeks have not been favorable for Stellar, with XLM falling on price charts. The market value of Stellar (XLM) has dropped by more than 8% in the past week. Hence, the current trading price of Stellar (XLM) has come down to $0.12. However, Stellar (XLM) investors anticipate a rise in the network’s value in the coming months.
Stellar (XLM) has joined hands with several entities that are likely to increase its adoption. Recently, Stellar (XLM) contributed to the European Securities and Markets Authority (ESMA) on blockchain sustainability. Besides, the Stellar (XLM) Aid Assist program is improving its social image too.
Everlodge (ELDG) Significantly Expands During Presale
Post-pandemic, the global travel and tourism industry is growing quickly. As per a report, the projected market volume of this industry can reach $1063 billion by 2028. This indicates that the industry will expand rapidly. Therefore, global investors are pouring money in vacation properties.
Seizing this growth opportunity, Everlodge has launched a new blockchain-powered property marketplace. The platform helps individuals own a part of a luxury holiday stay for just $100. It uses NFT technology and mints digital tokens for real-world properties. Then, the platform will break these digital tokens into smaller units. This enables retail investors to co-own part of the same property.
These non-fungible tokens will be backed by the real-world vacation properties they represent. Hence, their prices remain immune to sudden or extreme market fluctuation. Notably, the project will tie up with only renowned hotels and realtors, and select the best properties for its ecosystem.
Everlodge has also taken preventive measures to ensure stability and avoid any rug pulls. The project will lock the liquidity pool for eight years, and team tokens for two years.
ELDG is the native crypto of the platform. The first eight stages of its presale phase are over. Consequently, the value of a token has jumped by 190%, from the initial price of $0.01 to the current price of $0.029.
Market analysts are confident that the value of this project will soar by at least 280% during the presale round. It can also skyrocket by 3000% once the tokens launch on major exchanges, including Uniswap.