In March 2023, OP Mainnet secured $160 million for development. However, after five months, its performance fell short of expectations, and its price fell almost 50% since the fundraising. Meanwhile, its competitors, such as Everlodge, are holding firm in the bear market. In pre-sale, ELDG is up 80%, attracting investor interest.
Exploring Everlodge
ELDG is up 80% in the ongoing pre-sale, currently in stage 3.
Everlodge introduces decentralized finance (defi) to the resort property market, offering a marketplace for fractional investments, from as little as $100, in luxury villas, hotels and vacation homes.
Investors can purchase ownership shares of properties through non-fungible tokens (NFTs) instead of purchasing entire properties. Multiple investors can be co-owners of a single property. Plus, no credit checks or extensive paperwork are required, streamlining transactions and lowering barriers to entry.
With EverlodgeInvestors can build global real estate portfolios and generate income from anywhere.
Purchasing ELDG provides access to a VIP rewards club that offers free stays at various properties within the ecosystem.
Holding 10,000 ELDG tokens can earn you a two-night visit to a luxury villa in the Maldives, which can be used as accommodation or sold for additional income.
ELDG is currently available for $0.018 in the ongoing pre-sale. Experts predict that prices will reach $0.035 before the launch.
OP will underperform in 2023
OP prices have nearly halved since their $160 million surge in the first quarter of 2023.
Following the fundraising, OP rose to $2.60, but is currently trading at $1.30, down 16.26%.
OP Mainnet must make significant progress to regain media attention as its daily trading volume is less than $3 million.
Despite the development team’s active work on multiple initiatives, recovery remains uncertain.
For this reason, investors are exploring alternatives, putting OP’s prospects in doubt.
Learn more about Everlodge (ELDG) pre-sale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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