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Swing traders don't like stagnant markets, but 2024 has seen some movement. Everlodge (ELDG), in its pre-sale, rises while Solana (SOL) and XRP stagnate.
Solana fails to reach the $100 mark
Solana had a volatile year, recovering after crashing in 2022.
Despite concerns that the FTX scandal and estate would ruin the coin, Solana made an unexpected upward turn, surging 49% last month.
The past week has been turbulent for Solana, with $100 being a potential resistance point.
Although it reached $116 on January 2, it fell to $96.90 and recovered to $105 on January 5.
XRP fails to hold support at $0.65
XRP and most cryptocurrencies are unstable.
It started strong above $0.61 in late 2023 but quickly lost momentum after hitting a weekly high of $0.631 on January 2.
Selling pressure intensified over the following days, resulting in a 15% single-day drop to $0.538 on January 3.
While the price has recovered slightly, it remains below its previous support level of $0.65 and is currently trading around $0.576.
Swing traders are still determining what the future holds.
Together with SOL traders, they have been exploring Everlodge, whose ELDG token is up 190% in pre-sale.
Everlodge is trending up
Everlodge is a new blockchain project focused on fractional ownership of luxury vacation properties.
The project is currently in pre-sale, with ELDG, its native token, rising through set stages to $0.029. At launch, experts predict an increase in price and attention.
The core idea is to buy high-end hotels, villas and resorts around the world and then tokenize and fractionalize the ownership on the blockchain. This allows broader access to invest in sought-after real estate assets. Using NFTs, investors can buy a share of luxury properties for as little as $100.
As tourism and property values increase, so do the potential profits for Everlodge token and nft holders. The model aims to open up to more individuals the wealth of investment in vacation properties, which was previously only accessible to institutions and the ultra-wealthy.
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