The presale launch of Everlodge has stirred the entire crypto world with its enormous growth potential. The project has already raised over $315,000 within a fortnight of its presale launch. Meanwhile, projects like ApeCoin (APE) and Aave (AAVE) have failed their investors with a bearish outlook.
ApeCoin (APE) Falls As Floor Price Of BAYC NFTs Declines
The Ape ecosystem is going through a turbulent phase, causing bearish stress on ApeCoin (APE). As per recent reports, the floor price of Board Ape Yatch Club (BAYC) NFTs has been falling. This has worried investors about ApeCoin because APE and BAYC are interconnected projects within the same ecosystem.
Moreover, the latest data from IntoTheBlock revealed that 85% of the ApeCoin (APE) holders suffer losses at the current price. The market value of ApeCoin (APE) has been declining for many weeks.
Thus, the trading price of ApeCoin (APE) has fallen by more than 19% in the past seven days. On the monthly chart, ApeCoin (APE) is down by 23%. Subsequently, ApeCoin (APE) is changing hands at $1.61.
Aave (AAVE) Introduces Proposal To Increase GHO Liquidity
Aave (AAVE) is actively working on improving its ecosystem by introducing new proposals. Recently, the Aave (AAVE) community approved a major proposal to increase the liquidity of its stablecoin, GHO.
According to the proposal, Aave (AAVE) will acquire Curve Finance tokens, using USDT, from its treasury. After this proposal, the Aave (AAVE) community hopes to see a price rebound. However, the on-chain data shows that the number of actual transactions on the Aave (AAVE) protocol has plunged.
Thus, the price trajectory of Aave (AAVE) has also moved downward. In the past 30 days, the market value of Aave (AAVE) has plummeted by 25%. Consequently, the current trading price of Aave (AAVE) has come down to $56.45.
Everlodge (ELDG) Readies Market For The Next Bull Run
As per a research report, the global real estate market can grow to $3,976 billion at a CAGR of 7.6% over the next seven years. Everlodge, a new blockchain platform, is capitalizing on the opportunity presented by this booming industry and can soon become a blue-chip project. It is a state-of-the-art Web3 platform that allows people to own vacation homes, luxury villas, and hotels for as low as $100.
The platform has a simple process. Firstly, it will associate with well-renowned hotel chains and real estate developers to bring quality properties into its ecosystem. Next, it will digitize real-world holiday properties and mint NFTs against them. The platform will fractionalize the NFTs to let people buy them in smaller quantities. Notably, the price of these NFTs will depend on the value of real estate properties. Hence, these NFTs’ value will always move upward.
Another remarkable feature of this novel platform is that its members will get entry to the Rewards Club. Under this club, members will get free stays (for some nights) across all properties and hotels available within the platform’s ecosystem. The platform users can also take a loan using their NFTs as collateral.
ELDG will be its native cryptocurrency with several benefits for its owner. The platform has begun the first stage of its presale, and the current price of a token is $0.01.
Experts believe the token’s market value can skyrocket by 280% during the presale round. Additionally, there is no tax on the purchase of the presale tokens.
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