SPONSORED POST*
Cryptocurrency was originally created to transform how we make payments. Now, innovative new projects like Ethereum, Everlodge, and Toncoin are taking things one step further. Each project offers an innovative new solution, and as a result could be extremely profitable for early investors. Here’s why investors should consider each for their portfolios.
Summary
Ethereum Continues To Pioneer DeFi Developments
Ethereum is the largest blockchain in the world. Over 1,500 active decentralized apps have been built on the network, with a total value locked (TVL) of over $1 billion. Many analysts believe that Ethereum is now more important than Bitcoin, and could play a more important role in the future of decentralized finance.
Ethereum recently experienced its largest price increase of 2023, rising to over $2,350. It has since declined to $2,232, though Ethereum’s value has still increased by 8.65% in the last month. With huge plans for 2024, including a potential spot ETF, experts believe that Ethereum’s value could surge over the next year. Predictions range from $3,000 to $4,000+, though most experts agree that Ethereum’s value will rise.
Toncoin Blockchain Slows Following New Protocol Release
Toncoin was created to provide seamless DeFi transactions, offering speeds of over 100,000 transactions per second. However, a recent issue with Toncoins transaction processing has cast a shadow of doubt around the project.
Last Tuesday, a new protocol inspired by Bitcoin Ordinals caused a spike in activity on the Toncoin network. This caused the blockchain’s speed to crash to less than 1 transaction per second on Thursday, during which over 2.5 million transactions were pending.
Due to congestion Tonkeeper, a popular Toncoin wallet, had to suspend its services. Later reports suggest that network usage increased by 61 times in just 30 minutes, causing issues for Toncoin. Since this setback, Toncoin’s value has fallen by 8% to $2.17, and Toncoin’s daily trading volume has fallen to $50 million.
Could Everlodge Revolutionize A Trillion Dollar Market?
While most crypto projects focus on finance or the blockchain, Everlodge applies DeFi technology to an entirely new market– travel properties. As a pioneer in this industry, Everlodge is expected to gain significant traction throughout 2024 as thousands of investors discover a new way to build their property portfolios.
Everlodge looks to disrupt the travel property market by minting properties as NFTs. This is designed to streamline the buying and selling process. Once minted, NFTs are fractionalized so investors can buy a percentage of the property instead of the entire property outright. For example, a holiday home in the U.K. worth $1 million could be split into 5 fractions, after which 5 individuals can own a 20% share in the property.
This unique application reduces how much an investor needs to get started, and removes traditional barriers to entry, such as location. Properties available on Everlodge will include luxury villas, hotels, and holiday homes, with plans to add more property types in the future.
Everlodge is currently in stage 8 of its presale, having sold out at record rates during its previous seven rounds. Its native token, ELDG, is currently available for just $0.027, and will offer numerous benefits to holders once Everlodge officially launches.
Investors who buy ELDG tokens during the Everlodge presale will automatically be granted access to the Everlodge private members club, which will offer lucrative rewards such as free stays at properties within the Everlodge ecosystem.
*This article was paid for Cryptonomist did not write the article or test the platform.
