Lido Finance, the liquidity betting platform, paused its Solana liquid betting service after voters supported the proposal. At the same time, the price of Cardano has fallen, causing panic among investors. A new project has appeared that offers unique rewards for staking. Everlodge will allow holders of its native token, ELDG, to stake for passive income.
Everlodge introduces betting program
Everlodge is developing a market that allows people to invest in luxury properties such as hotels, holiday homes and villas with little capital.
The Everlodge marketplace merges fractional vacation home ownership with non-fungible token (nft) technology.
This allows users to trade their NFTs on the Everlodge marketplace or other marketplaces that offer ERC-721 tokens. Additionally, investors can stake the Everlodge token to earn passive income.
In stage 5 of its pre-sale, ELDG is available for $0.02. However, analysts expect further price increases once the Everlodge marketplace launches.
Solana emerges as a participation service from Lido Finance
Lido Finance stopped placing liquid bets on the Solana network because the platform was not generating enough revenue. This decision was made after a LidoDAO vote on October 6.
Lido began accepting Solana staking requests on October 16, and stSOL holders can withdraw participation by February 4, 2024, after which they will need to use CLI.
Lido said the decision was difficult but necessary for the stability of its ecosystem.
Despite this, SOL prices are up 8.5% on the weekly chart and 25.8% over the past month.
Will Cardano retest $0.3?
Cardano ADA remains stable above the $0.24 support level despite uncertain market conditions.
The coin has formed a symmetrical triangle pattern and experts are speculating a 5.5% rally to $0.258 if it holds above the lower trend line.
If the coin breaks out of the triangle, there could be a 15% increase, taking ADA to $0.3.
Learn more about Everlodge (ELDG) pre-sale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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