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Ethereum (ETH) is the leading DeFi project with a TVL of more than $30 billion. While Solana (SOL) is hot on the tail of Ethereum with its fast transaction speeds and growing popularity, a new player has entered the DeFi game Everlodge (ELDG). This new DeFi project is especially intriguing as it surged by 170% during a presale phase of discounted tokens. Let's examine Everlodge's offering and why it's creating quite a buzz in the DeFi world.
Revolutionizing Real Estate Investment with Everlodge (ELDG)
Everlodge is reshaping the $280T real estate industry by using blockchain technology to transform physical properties into digital assets. This enables anyone to invest, trade, and own a fraction of the world's real estate. $100 is all that retail investors need to own a fraction of some of the most sought-after properties in the world.
Everlodge isn't just revolutionizing ownership but is also energizing the broader real estate sector. The Launchpad function is a central hub between ambitious property developers and a community of investors. It's a place where developers can easily secure development capital while investors gain access to exclusive pre-sale deals.
Then there's the Rewards Club, a testament to Everlodge's vision of delivering unparalleled experiences. Whether it's enjoying complimentary stays, monetizing acquired nights, or leveraging property-related NFTs for loans, there are rewards for all to enjoy.
While the Everlodge platform has yet to launch, the ELDG token can be bought for just $0.027 during the presale. This price will keep increasing as word spreads about the project's potential. Once on exchanges, ELDG is expected to surge by 30x when the platform launches.
ELDG tokens are well worth holding onto as they come with staking rewards, exclusive deals, discounts on stays, reduced fees, and more. This means that holders may not only benefit from potential token price appreciation but also from additional incentives.
Everlodge is the perfect example of DeFi's true potential in the real world. The real estate market is one of the largest and most valuable in the world, and by integrating blockchain technology, Everlodge could become a household name.
Ethereum (ETH) Price Analysis and Resistance Hurdles
Ethereum continues to reign as the leader in smart contract technology, boasting a formidable market capitalization of $270 billion and a Total Value Locked (TVL) of $28.50 billion. Ethereum has been a linchpin in the DeFi arena, powering popular projects like Uniswap, MakerDAO, and Aave.
However, Ethereum is starting to lose its sheen as scalability and high gas fees pose major obstacles to further growth. The rise of Solana, Avalanche, Comos, and other Layer-1 solutions has intensified competition, with Ethereum facing challenges in maintaining its dominance.
This seems to be reflected in the Ethereum price, which is hovering at the lowest ETH/BTC ratio since June 2022. The ETH/USD chart shows more positive signals, but Ethereum still struggles to surpass the $2,500 resistance area.
Yet, there are positive developments for Ethereum. Notably, Blackrock and other institutional entities are seeking the SEC's approval for spot Ethereum ETFs, which could propel ETH to new heights and potentially ignite another bull run.
The development of layer-2 solutions, like Arbtrium, Optimism, and Polygon, also boost Ethereum's scalability and address its high gas fees. Plus, the anticipated EIP-4844 update will take fees to below a dollar.
Whether these technical developments can take Ethereum to the $10,000 price level remains to be seen. Some early Ethereum fans are now using their ETH tokens to join the Everlodge presale, especially while tokens remain at low prices before price discovery begins.
Assessing Solana (SOL)'s Market Potential
Solana is on a mission to be the fastest and most user-friendly blockchain, and it's gaining significant traction in the DeFi space. Solana fans appreciate that products can already be built on the platform and that it can process thousands of transactions per second.
Unsurprisingly, Solana's TVL has grown to $898m, and there are over 50 million transactions daily. The price of Solana reflects the growing interest in the platform, with the current price of $69 representing a 762% gain since January 1st, 2023.
But just how much higher can Solana go? The chart shows that $80 is the next strong resistance level to overcome. This price hasn't been achieved since May 2022, so it is unlikely to break it on the first attempt.
There is also the looming threat of the FTX Estate selling off billions worth of SOL tokens in the near future. The buying pressure will need to be strong to soak up this sudden influx of tokens, and it will be interesting to see how the market reacts. Solana also faces competition from other layer-1 solutions such as Algorand, Avalanche, and Kaspa.
Solana would need a market cap of roughly $900 billion to keep up with Everlodge's expected 30x boom upon release. That's why some Solana holders are taking their 2023 profits and diversifying into the Everlodge presale to potentially catch another huge return.
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COMTEX_444931540/2655/2023-12-14T07:23:57
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