Everlodge (ELDG), an emerging player in the vacation rental sector, is currently running a presale event that’s attracting attention from whales of the Fantom (FTM) and Litecoin (LTC) community. Let’s jump into why these whales are getting excited over this project and what it means for the future of vacation rental transformation.
Everlodge (ELDG)’s Community-Centric Approach to Property Investment
Vacation rentals have long been a staple for holidaymakers seeking authentic experiences away from the uniformity of hotels. Everlodge’s unique proposition is to elevate this experience by integrating blockchain technology, making property investment accessible and exhilarating.
At the heart of Everlodge’s innovation is the utilization of NFTs. By transforming luxurious properties into fractionalized NFTs, the platform allows investors, even those on modest budgets, to claim prime vacation spots. No longer is that $3m beachfront villa an unattainable dream – with Everlodge, you can own a slice of it for as little as $100.
Everlodge isn’t content with simply reshaping property ownership. Its community-centric approach, highlighted by the Launchpad, fosters a collaborative space where property developers and investors converge. Plus, the Rewards Club ensures members live the experience, offering free stays, timeshare options, and even the prospect of reselling nights.
Whales from Fantom and Litecoin communities have been notably bullish on ELDG, Everlodge’s native token. They appreciate that ELDG has a range of ecosystem privileges, including staking rewards and exclusive discounts.
With so much utility, it is easy to see why the ELDG token has surged by 130% since the presale started. But the ascent is just beginning as the current price of $0.023 is set to rise further as each presale stage sells out and the platform’s launch nears.
As the vacation rental industry grows, Everlodge stands out as a platform that could redefine what it means to own and invest in properties. Vacation industry experts note that the $82 billion market is ripe for adoption, and ELDG could rise to $1.00 as it streamlines the market process.
Analyzing Fantom (FTM)’s Decline and Underlying Causes
Fantom reached its highest value in April 2021, but has suffered a steep decline of 94% since then and is currently valued at $0.1867. This marks a significant 69% decrease in value since February of this year, which means that the 2022 bear market isn’t the sole reason for its decline.
There has recently been a significant decline in the Total Value Locked (TVL) in Fantom, estimated to be around $49 million today. This decline is directly related to a security vulnerability discovered in Multichain’s Fantom bridge, which resulted in a loss of more than $100 million in digital assets.
If Fantom sustains below the $0.20 level, there’s a plausible risk of a significant drop to the next support zone of $0.15 – $0.16. Investors seek more stable opportunities, emphasizing Fantom’s leadership’s need for swift action to restore confidence amidst instabilities.
Contrarily, Everlodge is experiencing a significant upward trend, marked by a 90% rise that is set to continue as its presale stages sell out. It is a short-term investment opportunity, potentially delivering significant returns in the long run.
Litecoin (LTC)’s Quest Amidst Stablecoin Rivalry and Everlodge’s Niche Creation
Litecoin is one of the original altcoins that emerged in the digital currency scene. It was created to address the shortcomings of Bitcoin, such as slow transaction times and high fees. This narrative caused Litecoin to hit a $25 billion market cap and price of $412.96 in 2021. However, Litecoin has fallen -84.51% to just $63 today.
The decline in its significance became apparent during the 2023 Litecoin halving event. The period leading up to the August 2023 halving witnessed a remarkable surge in Litecoin, reaching a peak of $114, representing an increase of nearly 100%. However, following the halving, there was a notable shift in the trend, as Litecoin experienced a significant decline of over 50%.
This subdued trajectory intimates a drift away from Litecoin by a section of investors, especially given the absence of a compelling narrative until the next scheduled halving. While Litecoin battles to be the fastest payment crypto in a sea of stablecoin competition, Everlodge is creating a new niche in the travel and vacation rental industry.
The direction of Litecoin’s value is uncertain, but experts believe that the $50 and $75 marks are significant. If the value drops below $50, it may decline towards $25. On the other hand, if the $75 barrier is crossed, it may trigger a surge in value, potentially revisiting the 2023 peak of $114.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.