Everlodge (ELDG) has surged by a whopping 60% in an extraordinary turn of events in the cryptocurrency market. This significant jump comes as the token is still in its presale phase, generating a buzz across investment circles. Once popular in the market, Pepe (PEPE) and ApeCoin (APE) have experienced a downturn and are now the week’s biggest losers. Let’s compare these three crypto assets and see what caused the sudden market movements.
Everlodge (ELDG): Capturing a Slice of the $280 Trillion Global Real Estate Pie
Harnessing blockchain technology, Everlodge introduces a revolutionary model for shared ownership, simplifying access to premium vacation homes. Investors can now purchase fractional property ownership through NFTs and trade them easily.
Everlodge ensures a user-friendly experience. To dive in, simply create an account, sync your DeFi wallet with Everlodge, and browse various real estate offerings. With a modest starting investment of $100, one can claim a part of these elite sanctuaries and monitor the appreciation of their assets.
But Everlodge’s charm extends beyond mere property holdings. By staking ELDG tokens, investors unlock a spectrum of attractive perks, including passive earnings, reduced fees, exclusive offers, and access to the elite Members Club.
The excitement surrounding the initial ELDG token offering is reaching a fever pitch, with the first two phases selling out in record time. The price has increased from $0.010 to $0.018, but this looks to be just the start of the ascent, as the price will rise in each presale phase.
Many market observers anticipate a staggering 30x surge in ELDG’s valuation as it builds connections with luxury lodgings globally. Tapping into even a sliver of the mammoth $280 trillion worldwide real estate domain could rocket ELDG’s worth to unprecedented heights.
Pepe (PEPE): A 10,000% Surge and an 85% Decline
Pepe is a memecoin that takes inspiration from the famous Pepe the Frog meme. Its journey is a prime example of the unpredictable nature of the cryptocurrency market. In Q2 2023, Pepe experienced an incredible surge of 10,000%, only to immediately plummet back down soon after.
Currently valued at a modest $0.0000006372, Pepe has experienced an 85% decline from its peak at $0.000004354. The recent 6% dip within the last 24 hours diminishes prospects for an immediate Pepe revival. Every week Pepe holders must stomach a new dip as investors look elsewhere for the next big thing in crypto.
The creators of Pepe openly admit that their intention from the outset was to generate profits for early token holders. Some creators recently divested their holdings, resulting in a significant 26% decline in the token’s value within days.
While a short-term surge may temporarily boost Pepe’s prospects in an upcoming bull market, its precarious foundation makes it risky. Some early Pepe enthusiasts are selling their holdings below the $0.0000010 resistance, choosing to participate in the appealing Everlodge presale while discounts are still accessible.
ApeCoin (APE): The Appeal of Everlodge (ELDG) Amidst Declining Tokens
ApeCoin’s meteoric ascent to a noteworthy $39.40 twelve months ago is now a distant memory. ApeCoin’s value has since plummeted to a mere $1.12, following a broad downturn in market sentiment. But the 97% move cannot be blamed on the bearish general market sentiment.
The enticing rewards for its holders initially fueled ApeCoin’s attraction, which ranged from exclusive merchandise to special perks within the ApeCoin DAO platform. Its association with the popular Bored Ape Yacht Club (BAYC) NFT Collection further amplified its appeal.
But as interest waned in both BAYC and ApeCoin DAO, the momentum supporting its value dwindled. The breach of the descending channel in its daily trading chart only intensified the gloom surrounding ApeCoin.
It is also important to note that the BAYC floor has fallen from 128 ETH to 24.59 ETH at the time of writing. This shows the sudden drop in ApeCoin’s popularity and exposes holders to the increased risk of further losses.
Many ApeCoin enthusiasts seek a saving grace, and Everlodge appears to be their beacon. While the ApeCoin has little utility with a fading ecosystem, Everlodge is undergoing a presale offering discounts and attractive incentives for early adopters.
Find out more about the Everlodge (ELDG) Presale