Recently, the cryptocurrency market has been under intense pressure. Despite the bearish outlook, some cryptocurrencies are beginning to show signs of recovery. Among them are Cosmos and Bitcoin Cash. Also, Everlodge has remained bullish, increasing by 80% in its early presale stages.
Summary:
- The Cosmos coin has reclaimed the $7.0 resistance.
- The Bitcoin Cash price has increased to $214, looking bullish.
- The price of Everlodge has increased by 80% from the initial price.
Join the Everlodge presale and win a luxury holiday to the Maldives
Cosmos (ATOM) Regains $7, Looks Skyrockets 11.5% in a Week
Cosmos (ATOM) protocol was designed to tackle the issues of blockchain interoperability. It was created in 2020 to establish a network of interconnected cryptocurrency ecosystems through separate parallel blockchains.
Since introducing the Cosmosverse, the ATOM price has seen a brief resurgence. The resurgence took the price of ATOM above the $7 resistance. Reclaiming this resistance means it can act as a support for Cosmos over the coming weeks.
If the price of ATOM manages to maintain its current momentum, then it could continue its upswing. However, Cosmos will face a minor resistance at $7.15. If this level is also broken, then ATOM can rally to the $7.5 resistance.
Bitcoin Cash (BCH) Rise To $213
Like Cosmos, Bitcoin Cash is another crypto that has shown significant resistance to the bear market. After dropping to as low as $202, the BCH price chart rebounded, reclaiming the $210 resistance. The upswing has taken the price of Bitcoin Cash as high as $213.
The revival of Bitcoin Cash began after being one of four cryptos to launch under EDX Markets. However, a greater resistance lies ahead for BCH at $228. Only a decisive break above the 50-day EMA would spell a bullish market for Bitcoin Cash.
A decisive break above $228 could see the Bitcoin Cash price rally as high as $300. However, if it fails to break above this resistance, then a test of the $200 support is imminent.
Everlodge Soars 80% in Presale Phase
Another crypto that has enjoyed significant bullish momentum in the market is Everlodge. Everlodge’s core mission is to make luxury real estate investment accessible to everyone. The utility token of the platform, ELDG, is currently priced at $0.019, marking an 90% increase from its initial price of $0.010.
Through property tokenization and a low entry point of $100, individuals can invest in high-end properties within the Everlodge network. The project looks to achieve its low entry barrier by digitalizing hotels and luxury villas into NFTs.
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Join the presale: https://t.co/kIufYkD05d#Presale pic.twitter.com/9yzt5hZhul
— Everlodge (@EverlodgeHQ) September 26, 2023
The titles, deeds, and ownership details of these items are stored in the metadata of the NFT. The NFT is then fractionalized into smaller fragments, allowing users to purchase smaller amounts. As the property’s value increases, so does the NFT price.
Everlodge’s primary token, ELDG, has been highly sought after in its presale stage. As more investors join the platform and buy ELDG tokens, the price has been projected to reach highs of $0.5 before the end of the year.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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.
