While established coins like Filecoin (FIL) and NEO (NEO) are struggling to maintain momentum, Everlodge is celebrating a resounding presale success. The new market entrant has surged 170% since the presale started and is poised to grow further as it shakes up the $280 trillion global real estate industry. Let’s look at these three coins and see how they stack up against each other.
Everlodge (ELDG): Introducing Fractionalized Property Ownership
Everlodge is breaking new ground in the $280 real estate industry by weaving fractional ownership, timeshare elements, and NFT technology into one platform. The goal is to democratize access to real estate investing and disrupt the traditional model of property ownership.
At the core of Everlodge’s innovation is the digitization of properties into NFTs. For those unaware, NFTs are unique digital assets secured on the blockchain that represent ownership of tangible or intangible items. In the case of Everlodge, each NFT represents a fraction of a property, allowing investors to own portions of high-value real estate without the hefty upfront costs.
We're thrilled to announce that our website just got a makeover! đź’»
Check out the fresh look and discover the NEW features we've added. It's all about making your experience even better!
Plus, remember that our Presale is still ON.
Explore now: https://t.co/SIYWBylwQD#RWA pic.twitter.com/aTuT8x7z36
— Everlodge (@EverlodgeHQ) October 23, 2023
Everlodge will also serve as a launchpad for property developers seeking funding from a diverse community of investors. This opens up new opportunities for both developers and investors, making real estate investing more accessible, transparent, and liquid.
ELDG token holders are not only part of a disruptive movement but also enjoy an array of exclusive benefits, including discounted trading and maintenance fees, staking for passive income, and free nightly stays in accommodations across the Everlodge ecosystem.
While Everlodge has yet to launch fully, the ELDG token can be grabbed at a discounted price of $0.027 during stage eight of the presale. Early reports from market analysts mention a 30-fold increase once Everlodge launches and price discovery begins.
These market analysts are considering the sheer size of the real estate industry, valued at over $280 trillion. With Everlodge offering a more accessible and efficient way to invest in this market, it wouldn’t be a surprise if Everlodge became a billion-dollar project as it disrupts the traditional model.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
Why the Filecoin (FIL) Price Is Falling
Filecoin is a decentralized storage network that aims to disrupt the $100m cloud storage market. Filecoin got off to a flying start when it secured over $200m during an ICO in 2017. However, the hype soon fizzled out, and Filecoin is now 98% down from its all-time of $237 set in 2021.
So, what went wrong? Despite boasting a talented team and an intriguing concept, Filecoin has struggled to attract projects to use the protocol. For example, the Hivemapper Mapping Network is in the same ecosystem as Filecoin, but they are still hesitant about using Filecoin to store their mapping data.
The regular token unlocks are another cause of concern for investors. An additional 5.45 million tokens will be released on the market on 15th December 2023. There isn’t enough buying pressure to soak up 1.14% of the total supply suddenly hitting exchanges, so this could lead to a Filecoin price dump.
Nevertheless, Filecoin is still one of the leading blockchain projects in market cap and has some exciting partnerships and collaborations lined up. With the recent surge in interest around decentralized storage solutions, Filecoin has the potential for growth in the future.
The chart shows that the Filecoin price has fallen 24% from $5.48 to $4.70 in the last three days. Technical analysts note that the Filecoin price must break above the $5.50 – $6.50 resistance to mount a sustained bull run.
Technical Analysis of NEO’s Market Performance
Neo is a blockchain project from China that aims to create a smart economy for the digital world. The initial rebrand from Antshares to Neo in 2017 caused a wave of FOMO across the crypto market as the project was expected to challenge Ethereum as the best layer-1 protocol.
However, Neo was affected by the China cryptocurrency ban and has never fully recovered from it. The current price of $12 represents a 93.65% decline from Neo’s all-time high of $196 set in January 2018. Technical analysis of the weekly chart suggests that Neo must break above the $30 resistance for a sustained uptrend.
With Neo being one of the only cryptocurrencies not to make a new high during the 2021 bull run, many investors have lost faith in the project. However, Neo continues to work on improvements and partnerships to expand its ecosystem and attract more users.
The chart shows that the Neo price rallied from $6.50 at the end of October to $15.46 at the start of November. This indicates that the legacy crypto still has some fight and should rally during a market-wide bull run. However, outperforming newer projects like Everlodge is unlikely unless a major catalyst is announced.
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.
