Things aren’t great for Avalanche (AVAX) and Polkadot (DOT). Both tokens are bearish and might be down for the next few days. Thankfully, Everlodge is a promising and safe investment choice.
What you'll learn 👉
Avalanche (AVAX) Falls Below the Support Area
As feared, Avalanche (AVAX) has fallen below the $11.50 support area to hover around $10.74 at press time. Thus, the token is down by 6.26% in 24 hours. Moreover, Avalanche (AVAX) suffered from a second crash this week. Even the market cap is down by 6.24%. Unfortunately, Avalanche (AVAX) is now bearish. Analysts predict a 50% price drop if the token cannot recover its support level.
$11.50 has been a significant support level for Avalanche (AVAX) for 938 days. With resistance at $20, Avalanche (AVAX) has been underperforming for some time. Moreover, Avalanche (AVAX) failed to reclaim $14.50, dimming its prospects. Now, with the latest crash, the token’s chances are negligible. Avalanche (AVAX) lost 24.25% in the last 30 days.
In other news, Avalanche (AVAX) has decided to offer a $3 million incentive to Dexalot. The CLOB (central limit order book) feature of Dexalot increases transparency and speed. With Avalanche (AVAX) Foundation joining the Dexalot Incentive Program, users may see good improvements on the platform.
However, it’s doubtful if Avalanche’s (AVAX) developments can boost the token price.
How Hard is it for Polkadot (DOT) to Cross the Resistance Level
August hasn’t been great for Polkadot (DOT). The token moved sideways before falling below the $5 mark. Polkadot (DOT) lost 15.44% in a month, and turned bearish. In fact, after the latest crash, Polkadot (DOT) is at $4.47. The token fell below its second support level at $4.52.
Even the technical indicators signify a downward trend for Polkadot (DOT). Additionally, EMA, MACD, and RSI showed unfavorable signals for the token. In such instances, the increase in development activity may not be enough.
Though Polkadot (DOT) is trying to attract new users by strengthening the ecosystem, the market conditions are not favorable. Moreover, the boost in social engagement hasn’t been as helpful as expected. With back-to-back crashes, Polkadot (DOT) is down by 10.72% in the last seven days.
With a 40.66% increase in trading volume, and a 7.45% decrease in market cap, Polkadot (DOT) may see more lows.
Everlodge (ELDG) Presale Attracts Large Investors
Everlodge is a crypto-based property marketplace for users to fractionally invest in vacation homes. Be it luxury villas, hotels, or high-end vacation homes, users will be able to own a portion of the property, and earn passive income. Thus, the project combines AirBnB and Web3 to disrupt the global hospitality industry worth over $4.548 trillion in 2022.
The platform will mint properties into NFTs, and store the details as metadata of the smart contract. Next, the NFTs will be broken into smaller fragments, and sold to investors. The price of NFTs will be proportional to the property value.
Furthermore, investors will receive rewards like a week’s stay per year at the vacation home. They can redeem or list the reward for passive income. Moreover, it will provide a fixed monthly interest to token holders. Thus, users should stake their share of the native token, ELDG, on the platform.
Experts predict that ELDG will deliver returns over 30x times in the future. Needless to say, pro investors are considering Everlodge a worthy investment platform for the long term. With the tokens priced at just $0.01 during the presale, it is a great chance to become a fractional property owner through crypto. Buy ELDG tokens today and earn high rewards.
Find out more about the Everlodge (ELDG) Presale
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.