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The Layer-1 popular blockchain network, Solana, dominated digital asset gains this year, with altcoins like Avalanche also gaining significant traction in pursuit. Solana made an almost 700% increase from this time last year to now— an impressive feat worth noting. In view of this, Everlodge token is primed to take a significant spot in next year’s crypto growth, with its first-ever crypto crypto concept.
Summary
How Solana (SOL) Has Embraced Growth Amidst Several Challenges
Throughout the year, Solana (SOL) has exhibited remarkable resilience, experiencing a surge of more than 626.39% since January. Specifically, Solana price has risen from its previous range of $13-$25 to its current price of $87.46.
Notably, the bullish momentum that Solana carried remained undeterred even when the U.S. Securities and Exchange Commission tagged it, along with other cryptocurrencies, as “unregistered securities” in a complaint against Coinbase back in June.
Additionally, despite its affiliation with the collapsed FTX exchange and the conclusion of founder Sam Bankman-Fried’s trial in November, Solana continued to thrive.
Most of the growth Solana experienced happened after the trial, resulting in more people using SOL, and new Solana meme coins like BONK showing up on Coinbase. As the price of Solana just went up by 11% in the past 24 hours, SOL continues to hold a solid position as one of the top crypto coins.
While many people doubted if Solana could come back strong from the FTX saga, the incident not only weathered the storm but flourished it. Solana blockchain witnessed a surge in activity, an enhanced reputation for innovative technology, and the rollout of notable airdrops.
Avalanche (AVAX) Key Partnerships Drive 300% Growth
AVAX, the token associated with Avalanche, experienced a remarkable 300% gain this year, largely propelled by strategic institutional partnerships. Currently Avalanche crypto is priced at $45.03, a 5% increase in the last 24 hours.
In January, Avalanche teamed up with Amazon Web Services, and later in November, it became a key player in J.P. Morgan and Apollo Global’s blockchain project, further increasing and strengthening the Avalanche community.
Chris Newhouse, founder of Infiniti Labs, noted that unlike previous cycles driven by the altcoins L1 narrative, the surge Avalanche experienced was influenced by significant strides in institutional collaborations, positioning itself as one of the top crypto coins for institutional activity.
The partnerships Avalanche had with Apollo, JP Morgan, and AWS throughout the year played a pivotal role in shaping Avalanche’s impressive growth. Now, the trading volume of Avalanche crypto is up by 45.95% in the last 24 hours, meaning that activities are still surging and a potential price spike looms.
Everlodge (ELDG) Will Become an Important Factor Driving Next Year’s Future Growth
Large scale Bitcoin fluctuations is not the only thing that affects altcoins, sometimes new coins can emerge as a disruptive force in the cryptocurrency ecosystem, especially when they’re coins aiming for increased innovation.
Everlodge (ELDG) is one of these unique coins that will undoubtedly top the lists for investors who are looking for the best crypto investment to partake in.
Everlodge introduces an innovative solution, making fractional ownership of holiday homes accessible through blockchain technology. Utilizing blockchain’s pillars of transparency, security, and efficiency, Everlodge transforms co-ownership of high-value properties, such as a $1 million estate, into an inclusive experience with fractions as low as $100.
This groundbreaking approach allows individuals to own and trade portions of properties, facilitated by NFTs. Every property listed on the Everlodge marketplace becomes a non-fungible token, and their value dynamically rises with the appreciation of these NFTs. Serving as a hybrid platform, Everlodge seamlessly connects real-world real estate assets with blockchain through NFTs.
Beyond its potential as the best crypto investment for real estate, Everlodge’s native token, $ELDG, offers enticing perks like discounts, complimentary stays, and versatile utility for staking, liquidity provision, and smooth transactions. Currently available at $0.027 during its ongoing stage 8 presale, the $ELDG token presents an intriguing opportunity for those eager to invest in the future of real estate.
*This article was paid. Cryptonomist did not write the article or test the platform.
