El Salvador's recent green light for a bitcoin-backed Volcano bond is a crypto game-changer. It marks a significant step towards the integration of cryptocurrencies into traditional financial systems.
Meanwhile, ethereum (eth) and Everlodge (ELDG) are also making headlines. While you may be familiar with eth, ELDG is a crypto ICO in Stage 8 that continues to raise funds successfully until now.
ethereum Price Outlook
ethereum” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>According to data from DeFiLlama, ethereum's (eth) TVL now stands at $28.21 billion, a significant increase from $26.1 billion on December 1. This rise shows bullish sentiment for ethereum as investors do not seem to care about the short-term price movement. He ethereum price increased from $2,090 on December 1 to $2,228 on December 12.
The technical analysis of this DeFi coin is also showing bullish signs as it is trading above its 100 and 200 day EMAs. Furthermore, eth has experienced 18 positive trading days in the last month alone.
Experts in the field have taken notice, as some of them predict that the value of ethereum could reach $2,404 before the end of 2023.
Everlodge (ELDG): venturing into DeFi cryptocurrencies
Meanwhile, Everldoge (ELDG) is bringing something new to the $280 billion real estate market. It promises to establish the first nft marketplace backed by real-world hotels, villas and vacation homes. Basically, Everlodge converts these properties into NFTs and then fractionalizes them. This will allow users to become fractional owners of one of those properties on the blockchain for a low price.
The crypto community went into a frenzy over this project when it flooded its pre-sale. It is now in Stage 8, in which 2.2 million ELDG native tokens were sold. The way the pre-sale is structured is that the price increases with each stage, potentially providing better incentives to earlier investors, provided the sale is completed successfully.
Recently, Everlodge announced that it would be incorporating ai into its platform. Notably, it is an ai-powered tool that will scan global real estate markets around the world. This innovative ai tool identifies potentially undervalued markets, which will help you in the long run.
The ELDG token is a crucial component of the Everlodge ecosystem. It will have real-world utility as it covers transaction fees on the platform. If users want to get discounts on trading fees or passive income through staking, it is necessary to have the ELDG token. It currently costs $0.027.
If users purchase the ELDG token now, they will also receive a 10% deposit bonus, available for a limited time only.
With the progressive approval of El Salvador's bitcoin bonds, the cryptocurrency market may skyrocket again. In this environment, ethereum could shine as its TVL continues to grow. In this environment, Everlodge has a low market capitalization of $14 million, meaning smaller sums can influence the price much more than large-cap cryptocurrencies.
Disclaimer: The above article is sponsored content; It is written by a third party. CryptoPotato does not endorse and assumes no responsibility for the content, advertising, products, quality, accuracy or other materials on this page. Nothing contained herein should be construed as financial advice. Readers are strongly advised to independently and carefully verify the information before participating in any venture or project mentioned and to conduct their own research. Investing in cryptocurrency carries a risk of loss of capital, and readers are also advised to consult a professional before making any decisions that may or may not be based on the sponsored content above.
Readers are also advised to read CryptoPotato's full disclaimer.
Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off fees on Binance Futures for the first month (terms).
<!– ai CONTENT END 1 –>
