Everlodge’s (ELDG)’s Stellar presale steals Tron (TRX) and Neo (NEO)’s limelight

The price of Everlodge (ELDG) has climbed by 170% as it navigates a presale event in the lead-up to the official launch. Such a move has stolen the attention of established projects in the crypto market, such as Tron (TRX) and Neo (NEO). But is this price appreciation sustainable, and can Everlodge truly compete with these giants in the long run? Let’s find out.

Everlodge (ELDG): 170% presale gains are just the start

Everlodge is opening the doors to the $280T global real estate industry by fractionalizing the asset class and removing barriers to entry. By offering NFTs representing small pieces of real estate, Everlodge makes $100 enough to capture returns from the high-reward market.

Each NFT comes complete with all necessary legal documentation embedded in its metadata. This means that each NFT represents an actual share of the property, with all the same rights and privileges as owning physical real estate.

The ELDG token transfers value across the Everlodge ecosystem and incentivizes users. Holders of ELDG receive discounts on property purchases, free nightly stays at Everlodge properties, staking rewards, entrance into prize giveaways, and more.

There is so much utility for the token in a rapidly growing market that ELDG’s price has risen by over 170% since its presale began. But this is just the beginning, as analysts are tipping the price to soar by 3,000% when the Everlodge platform officially launches in 2024.

This prediction comes from Everlodge’s first-to-market advantage in fractionalizing the global real estate market, estimated to be worth $280T. The buzz surrounding the project further solidifies the potential for massive gains, with major investors already pledging their support.

How high can Tron (TRX) go In 2024?

Tron was born out of marketing hype from Justin Sun but has since turned into a legitimate project with an active community and numerous partnerships. The current TVL (total value locked) of $8.17 billion and 4.8 million daily transactions on average show Tron’s growing popularity.

Pricewise, Tron has jumped from $0.065 in June to a current price of $0.10 as the market wakes up to its potential. The next resistance sits at $0.11, with a break above potentially signaling a new bull run and a test of the 2018 all-time high of $0.30.

However, the price of Tron is still 66% below 2018 prices, and many in the community are left wondering whether it will ever reach those levels again. Ethereum’s dominance and Solana’s speed, not to mention the numerous other smart contract platforms, have left some questioning whether Tron can give large returns to holders.

This limited potential stands in direct contrast to Everlodge, which has a current market cap of just $21.60 million in this current presale stage. The project looks set to become the de facto platform in global real estate, so it’s no surprise that some Tron holders are swapping their bags for ELDG.

Analyzing Neo (NEO)’s market performance

Neo is another crypto from the 2017/18 era that has seen better days. The price has been in a steady decline since the 2018 peak of $196, with current prices hovering around $12 after falling 93% in the last six years.

Neo is attempting to become the go-to platform for decentralized applications, but it has struggled to gain traction and is often overshadowed by Ethereum and other smart contract platforms. The current TVL of $34 million is not good enough for such a legacy project, and the daily transactions are also in low numbers.

Technical analysis of the chart shows that breaking $16 is the next step for the bulls. Breaking the $30 level is what truly signals a new bull run, but that is still far off. Until the $30 level is taken out, many Neo holders are jumping to the Everlodge presale to take advantage of the time-sensitive discounts before the full launch.

Visit Everlodge

DISCLAIMER – “Views Expressed Disclaimer: Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more