A shift in the cryptocurrency industry has led investors from Near Protocol (NEAR) and Tezos (XTZ) to put their money into a new project called Everlodge (ELDG). Notably, the price of Everlodge has climbed 170% since the start of the ongoing presale event, hinting at strong investor interest. But what’s behind this excitement? Is this a short-term play or a strategic move? Let’s find out.
What you'll learn 👉
Everlodge (ELDG): 30x Gains on the Horizon?
Everlodge has a goal to make luxury real estate investments accessible to everyone. With a minimum entry point of $100, anyone can invest in high-end properties that generate steady rental income.
The secret sauce behind Everlodge’s approach is its use of fractionalized NFTs to represent individual property shares. All NFTs are stored on-chain and are backed by real-world assets, ensuring transparency and trust for investors.
The native ELDG token offers more than mere speculative value by facilitating all transactions and governance within the Everlodge ecosystem. But the best part? It entitles the holders to staking rewards, property discounts, entrance into prize giveaways, and more.
The ELDG token can now be bought for $0.027 in phase eight of the ongoing presale event — representing a 170% gain compared to the initial starting price of $0.01. However, according to crypto experts, this is just the beginning of a 30-fold pump when the platform officially launches.
Whether strategic or speculative, the significant investments from Near Protocol and Tezos investors show confidence in the project’s potential for massive gains. They could be onto something when you consider that Everlodge disrupts the gigantic $280T global real estate market.
Near Protocol (NEAR) 2024 Price Prediction
Near is building the operating system for an open web that is secure, scalable, and sustainable. Its B.O.S service is designed for anyone to host applications on-chain rather than the Web2 interfaces and servers we use today.
Perhaps the most exciting news to come from Near Protocol is the fact that they are working with EigenLayer to launch a finality layer that reduces liquidity fragmentation between Layer-2s. The NEAR tokenomics is another interesting talking point, as 70% of all gas fees are burned, and the other 30% are rewarded to developers.
However, the interest in Near Protocol has not been what the early community might have hoped. The price of NEAR is down 88.75% from the all-time high set in 2022, while the TVL sits at just $60 million. More interest from developers is needed to reach the 1 billion user milestone that the project aims to achieve.
Near Protocol is trading at $2.30 after starting October at just $0.98. This 134% gain shows that the project still has some legs and interest behind it. However, given the ‘low’ TVL, the current market cap of $2.3 billion seems fair and unattractive for a short-term play. Analysts believe that $10 is reasonable for Near Protocol by the end of 2024.
Tezos (XTZ) Price Analysis and Resistance Levels
Tezos markets itself as a blockchain designed to evolve. It is a self-amending, open-source platform that allows users to create smart contracts and dApps. You may have seen the Tezos logo on the Manchester United FC kit, as Tezos is the team’s official blockchain partner.
However, while Tezos spends big to win over retail traders, it must do more to attract developers and build a strong ecosystem. The current Tezos TVL sits at just $33 million, which isn’t good enough for a project with a market capitalization of $855 million.
The price of Tezos has pumped from $0.62 at the end of October to today’s price of $0.88. The next resistances sit at $1.00 and $1.20, but it may take a break of $2.00 to signal the start of a new bull run. A major catalyst for this could be Tezos TVL surpassing $100 million as more and more developers and projects begin to build on the platform.
While the recent price action is positive, Tezos is still 90% down from the all-time high as holders look to cut their losses. Some Tezos holders are strategically using their XTZ tokens to participate in the Everlodge presale. If Everlodge can surge by 30x as predicted, those who invested their Tezos could turn their fortunes around.
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