TRON and Filecoin both decreased in value in July. While many projects increased, both projects saw steady declines. This has caused confidence to fall and sell orders to increase. As a result, investors are now looking for an alternative.
One project that shows huge potential is Everlodge. Everlodge is a new DeFi project. It’s designed to disrupt the holiday property market, letting investors fractionally invest in property. Analysts believe it could experience returns of 280% during its presale, which has many TRON and Filecoin investors eagerly awaiting its release.
Everlodge Could Disrupt The Global Vacation Rental Market
While thousands of new projects enter the crypto market every year, few have as much potential as Everlodge. Everlodge is the world’s first company to combine fractional vacation home ownership, with timeshare and blockchain technology. The market for vacation properties is increasing by 4.6% annually, which puts Everlodge in a strong position for expansion.
Its unique platform helps sellers and buyers. Property owners can mind their properties as NFTs, which are then minted to attract as many investors as possible. Each fraction is then sold to investors, reducing the amount of funds they need to get involved.
Aside from the Everlodge marketplace, investors will also be able to support new developments. Using the Everlodge launchpad, investors can fund new developments. Investors who get involved early are expected to make significant returns.
In addition to these investment opportunities, investors will also have the chance to join the Everlodge rewards club. This rewards club will grant investors free stays at properties throughout the Everlodge ecosystem, alongside several other benefits.
During the Everlodge presale, which is expected to begin soon, the development team aims to raise $12 million. The project smart contract and team have been audited. Furthermore, as a decentralized platform, users will control their own assets and hold their own encryption keys. The Everlodge presale will start at $0.01 per ELDG token, which will reach $0.35 by the end of the presale.
TRON Suffers A Price Decline In July
TRON is struggling to gain momentum after its CEO, Justin Sun, faced several lawsuits in the last few months. This has caused Sun to take a step away from TRON, creating uncertainty around the project.
TRON had decreased in value by 1.78% in the last month, decreasing by 8.48% in the last five days. TRON is now trading at $0.07687 per token. Despite this decline, TRONs daily trading volume has remained high. TRONs daily trading volume has averaged $200 million, making TRON the 18th most traded cryptocurrency in the world.
Filecoin Struggles After Security Categorization
Filecoin is struggling to rebound after being classed as a security. This decision by the SEC caused Filecoin to crash from $4.9 to $3.4 in just a few days. Now, two months later, Filecoin continues to decrease.
Filecoin is currently trading at $4.23 and has decreased by 10.62% in the last month. Although Filecoin’s influence throughout the DeFi space is growing, its value is failing to replicate this success.
As a result, some investors believe that Filecoin could be undervalued. Nonetheless, it’s likely that Filecoin could continue to fluctuate until the next bull market begins. As a result, Everlodge could outperform Filecoin towards the end of 2023.
Find out more about the Everlodge (ELDG) Presale
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