- Solana and Polkadot lead the way as the week’s biggest losers.
- Everlodge wins the hearts of investors for its stability, significant growth potential, and real-world applications.
- Experts forecast a 40x increase in its value before the end of the year.
In another volatile period driven by market uncertainty and bearish news, Solana (SOL) and Polkadot (DOT) emerge as the top losers. Meanwhile, Everlodge (ELDG), an innovative project in its ICO phase, demonstrated resilience to become a haven for investors. This article will provide a weekly roundup of the latest developments in the crypto market.
Solana (SOL): Leads the Week’s Biggest Losers
Solana (SOL) is a permissionless open-source project that provides decentralized finance (DeFi) solutions. The protocol, which is one of the most popular in the blockchain space, allows the creation of decentralized applications (dApps). Moreover, its high-speed transactions give it a competitive edge in the crypto scene, making it one of the top altcoins.
However, despite past success, recent market volatility has seen it become one of the week’s top losers. Although the entire crypto market experienced a decline, Solana was hit the hardest. This can be attributed to fear and uncertainty around the project and within its ecosystem.
Nevertheless, Solana has begun to gain momentum. This appears to be the beginning of a price correction, with investors gaining more confidence and optimism.
Polkadot (DOT) Gains Slight Traction After Price Dip
Like Solana, Polkadot (DOT) is also open-source, although it is a sharded multichain protocol. Its value proposition revolves around connecting and securing a network of specialized blockchains. In other words, Polkadot facilitates the cross-chain transfer of data and assets and interoperability between blockchains.
Although Polkadot is an integral player in the crypto landscape, it had a challenging week. The bearishness within the broader crypto market resulted in a substantial decline in its price.
Nonetheless, Polkadot appears to be gaining traction. The coming days will determine if it will be able to force a price correction or lose ground and decline even further.
Everlodge (ELDG): Investor Favorite Token
In contrast to the turbulence witnessed by Solana and Polkadot, Everlodge (ELDG) showcased incredible resilience. This emerging project, standing at the intersection of blockchain and real estate, solves a real-world challenge. Remarkably, this cannot be said for many blockchain-based projects, giving Everlodge a competitive edge and making it poised for adoption.
The growing interest in this novel project can be linked to its fascinating blend of blockchain and real estate. Likewise, the critical problem it aims to solve, which is democratizing the traditional property sector, adds to its appeal. Therefore, to reshape the idea of property ownership and investment, it combines the best elements of Web3 and real estate.
With this objective in mind, Everlodge will become the first property co-ownership platform on the blockchain. Its upcoming global decentralized real-estate NFT marketplace will give users access to fractionalized NFTs backed by real-world assets. Notably, investors will be able to co-own luxury properties, villas, and hotels for as little as $100.
Considering how lucrative the property industry is, investors and adopters will earn substantial passive incomes. This income will be generated as the market value of properties increases.
Regarding its ICO, the overwhelming participation recently propelled it to the fifth stage. It is currently priced at $0.02 per token, which is a low entry point to become an early adopter. Moreover, industry experts predict it will soar by 40x in 2023, positioning it as an altcoin to watch.
Find out more about the Everlodge (ELDG) Presale
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