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The crypto space has entered December on a bullish note as the total market cap increased. Besides, most cryptocurrencies are traded in the green region and Solana is not left out. A researcher has identified other factors that could push the Solana price up. On the other hand, Everlodge is getting set for more December gains as its meme contest gains traction.
Summary
Solana (SOL) is a Fast Blockchain, DeFi Researcher Says
Thor Hartvigsen, a DeFi researcher and Business Development professional at Redacted Cartel, recently presented a thorough investigation of Solana’s potential for mass adoption. Hartvigsen focused most of his explanation on the technological features and developments in the SOL ecosystem. He stated that they might result in the general adoption of the network.
Hartvigsen claimed that the Solana blockchain could handle several transactions at once by processing them in several “threads.” It differs from other blockchains, which usually process transactions in a sequential manner, with its increased efficiency.
According to Hartvigsen, huge NFT mints and other similar activities have no effect on DeFi customers’ transaction costs. It thereby avoids having a detrimental effect on transaction costs. The proliferation of Solana-based platforms, such as Solang, Neon, and Eclipse, was brought up by the researcher.
Hartvigsen concluded by highlighting the expansion of the Solana DeFi ecosystem. The Solana DeFi ecosystem has seen significant growth over the past months, specifically in lending, Solana staking, and DEX volumes. The price of Solana has increased by 56.4% in the past month with a year-to-date gain of 340.9%.
Everlodge (ELDG) Embraces AI Technology
Solana is not the only platform that is fully packed with attractive features, Everlodge (ELDG) has joined the ranks. The real estate market giant. Everlodge has integrated cutting-edge AI technology into the realm of real estate. Through the utilization of AI, Everlodge has empowered users to actively monitor property prices on a global scale.
This advanced AI tool provides real-time property valuation data specific to various locations and timeframes. It possesses the capability to pinpoint undervalued markets and identify potential investment opportunities.
To illustrate its effectiveness, this AI tool could have predicted Dubai’s potential as a real estate hotspot two years ago. Reports have indicated that the real estate industry boasts a staggering valuation of over $280 trillion, favoring individuals with financial resources.
Within Everlodge’s innovative marketplace, individuals have the opportunity to own fractional shares of real estate properties. These property shares are represented by NFTs, which can be traded on the platform. As a result, these shares can be easily resold, boosting liquidity.
The concept of co-ownership allows individuals to jointly possess properties, leading to reduced expenses for all parties involved. This has increased the interest in the platform and its native token, ELDG. The token is valued at $0.025 and analysts have predicted further price increases in the coming weeks.
For more information, visit the Everlodge website.
*This article was paid for. Cryptonomist did not write the article or test the platform.
