The crypto market is trying hard to recover. Bitcoin (BTC) and Ethereum (ETH) recorded a sharp price rise. Everlodge is steadily moving upward during the presale.
Where Next After Price Consolidation for Bitcoin (BTC)
The recent price movement for Bitcoin (BTC) seems to be similar to its graph in the Covid period. According to Mignolet, a Korean on-chain analyst, Bitcoin (BTC) has been in the consolidation phase, moving between $25K and $26K. However, sellers’ control over the market has reduced. This indicates that Bitcoin’s (BTC) price will not fall, but since there aren’t enough buyers due to high uncertainty, there could be no significant increase in the price.
Nevertheless, the tide appears to have changed for the better. Bitcoin (BTC) rose sharply to gain 5.36%, and touched $27,446.40 at press time. This is good news for the crypto market as Bitcoin’s (BTC) upward movement could boost the price of altcoins too.
Moreover, the trading volume has increased by a whopping 183.07%, with a 5.50% rise in the market cap. Bitcoin (BTC) jumped from trading flat below the $26.07K level to its current price quickly. While it’s too early to determine if the momentum will last, we can be sure that Bitcoin (BTC) is changing the market trend again. However, Bitcoin’s (BTC) monthly graph is still down by 6.37%.
Can Ethereum (ETH) Sustain its Bullish Wave Despite Whale Sell-Off
Ethereum (ETH) has been in a fix with whales selling off their tokens. This came when the trading volume fell despite a positive price movement. With Ethereum (ETH) getting evaluated around the $1650 mark, buyers seem to have lost interest momentarily. Furthermore, the uncertain market conditions added to the hesitancy.
However, Ethereum (ETH) managed to profit from the latest market rise. The token is trading at $1,718.08, at press time, after gaining 4.14% in 24 hours. Ethereum (ETH) briefly crossed the $1,740 mark before slipping. While Ethereum’s (ETH) monthly loss is 8.44%, it may rally to touch $1.8K soon.
Additionally, Ethereum’s (ETH) trading volume increased by 132.50%, with a 4.13% increase in the market cap. With the Ethereum (ETH) team working on many developments, the token is sure to regain its lost momentum. Furthermore, data from Santiment indicates that the whales’ action may not adversely impact Ethereum’s (ETH) price.
Everlodge (ELDG) to Offer Great Rewards for Presale Investors
Everlodge is a property marketplace on the blockchain that will allow users to co-own vacation homes, hotels, and luxury villas. It will be the world’s first platform to combine NFTs, and vacation properties in the timeshare market. It will combine AirBnB and Web3 to digitize, and mint vacation properties as NFTs. These NFTs will be fractionalized into smaller ones for easy investment opportunities.
Furthermore, its ecosystem will consist of a marketplace for buying and selling NFTs. It will also have a launchpad for property developers to raise capital through the community. Additionally, the vacation rental market is estimated to grow at a CAGR of 8.49% from 2022 to 2026.
Moreover, investors can take advantage of the rewards club, and lending marketplace. Users who own the native ELDG token can earn a fixed monthly income through staking. It is priced at $0.016, and is expected to grow by 280% in the coming days. The Presale stage two is more than 70% complete, and selling out fast.
Find out more about the Everlodge (ELDG) Presale