Lately, ApeCoin (APE) and Immutable (IMX) seem to be facing challenges while buyers flock to the Everlodge (ELDG) presale. Therefore indicating a notable shift in interest and momentum within the crypto space. Find out why Everlodge’s presale is gaining traction while ApeCoin and Immutable might be losing their charm in this article.
ApeCoin (APE) is in a bearish grip as its price trajectory has taken a downturn amidst more significant market concerns. Despite experiencing a gradual rise since the beginning of the year, the ApeCoin price began to fall around May.
This downward movement aligns with the broader market sentiment and challenges impacting the crypto space.
Also, the ApeCoin crypto recently dropped to its all-time low of $1.40. Evidently, ApeCoin is slowly losing momentum as new projects emerge with more utility and long-term growth potential. Due to all these reasons, many ApeCoin holders are looking at different ways to diversify their portfolios.
Similarly, Immutable (IMX) seems to face challenges that dampen its initial appeal. Although the Immutable X price skyrocketed in March 2023 to $1.55, its value has been on a downward trajectory ever since.
In recent Immutable news, Kaidro announced it has committed to the Immutable zkEVM, which launched in mid-August. Immutable zkEVM is a chain for games that offers EVM compatibility, cheap cost, enormous scalability, and Ethereum security.
However, since the start of July, the Immutable X token trades between the $0.60 and $0.70 ranges. Even though some experts remain bullish for Immutable as they predict a rise to $1.79 by December 2023, many buyers are sidestepping it in favor of other projects.
Everlodge (ELDG) is capturing the spotlight with its presale, drawing the attention of investors. This project’s approach to bridging the real estate and blockchain industries has generated excitement within the crypto community. As the presale gains traction, investors recognize the transformative potential that Everlodge presents for the $280T worth real estate market.
Firstly, traditional real estate investments often require substantial capital and involve complexities that limit accessibility. Everlodge introduces a game-changing concept: fractionalization. To clarify, luxurious villas, hotels, and more are digitized, minted into NFTs, and fractionalized. Thus, anyone can fractionally own them on the blockchain for even $100.
Secondly, one of the most significant hurdles in the real estate market is the lack of transparency. Everlodge leverages the power of blockchain’s transparency to record property-related information securely. From deeds, ownership details, and more, all data is securely stored on the smart contract’s metadata. Therefore, Everlodge prevents any fraud.
Unlike ApeCoin and Immutable, the ELDG token is now in Stage 1 of its presale and has a low market cap of $5.7M. As a result, ELDG will surge much faster as fewer new funds are needed. Moreover, it now costs only $0.012, causing many individuals to stockpile it. With predictions that it could reach $0.035 before its presale ends, buying it now brings an outstanding ROI.
Find out more about the Everlodge (ELDG) Presale
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