The cryptocurrency market is known for its volatility, with some projects like Cosmos (ATOM) and Chainlink (LINK) constantly in the spotlight. However, there is a new contender in Everlodge (ELDG), which appears to be gaining traction among cryptocurrency enthusiasts.
The cosmos is in continuous development.
Cosmos has positioned itself for a promising future with its commitment to interoperability and continuous development.
In recent news, a collaboration between the Cosmos network and Nomic was announced. This partnership will introduce a bridge that will connect bitcoin to the Cosmos interchain.
The IBC-enabled nBTC will launch on October 30, which could have a significant impact on cryptocurrencies. This bridge will allow seamless transfer between ecosystems using a bitcoin address, eliminating the need for complex conversion processes.
Some analysts note that the development of the bridge highlights Cosmos’ dedication to expanding interoperability and providing access to various blockchain networks. Some experts predict that ATOM will retest $10.83 in December 2023.
Chainlink on-chain activity is increasing
There has been an increase in the number of active addresses on Chainlink, coinciding with the FTX fallout.
As of October 9, more than 8,000 unique addresses have interacted with Chainlink, the highest number since May 2021. This increase in usage highlights growing interest and adoption of the platform.
Market analysts are optimistic about LINKexpecting the token to reach $15.12 in the fourth quarter of 2023.
Everlodge is rising in stature – will it eclipse Cosmos and Chainlink?
Everlodge is a new project that aims to revolutionize the real estate market.
It combines fractional ownership of vacation homes with non-fungible tokens (NFTs) and time-sharing technology to address the high cost of entry to traditional real estate ownership.
By converting properties into NFTs and fractionalizing them, Everlodge will allow users to become fractional owners at an affordable price.
Additionally, Everlodge will introduce the Rewards Club. Members can earn free nightly stays at all properties and hotels and resell them for a passive income stream. However, only ELDG holders will receive rewards and discounts.
ELDG is currently available for $0.023 in Stage 6 of the ongoing pre-sale. Experts expect the token to reach $0.038 in the near future.
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