Report

Both Floki Inu (FLOKI) And Dogecoin (DOGE) Lose Ground to Everlodge’s (ELDG) Presale

By Guest Writer • Published: 23 Aug 2023 • 10:00

Small picture of side view of a lodge with orange back ground

Image: Everlodge

In this article, we will critically analyse the market performances of Floki Inu (FLOKI), Dogecoin (DOGE), and Everlodge. While the first two cryptocurrencies are the long-standing ones, the third one is a new entrant in the crypto world.

This new project has become an instant hit due to its multiple use cases, and real-world asset backing.

Join the Everlodge presale and win a luxury holiday to the Maldives

Floki Inu (FLOKI) Expands Ecosystem But Price Sinks Too

Floki Inu (FLOKI) is expanding its ecosystem with new partnerships. In the latest event, Floki Inu (FLOKI) has joined hands with BitGo, a well-known digital asset financial services provider. Subsequently, Floki Inu (FLOKI) was able to gain attention because BitGo has a portfolio of assets worth more than $64 billion.

The Floki Inu (FLOKI) community believes that the partnership will improve the financial health of the meme coin. Earlier, Floki Inu (FLOKI) could secure listings on some new exchanges. However, these developments have failed to support the price movement of Floki Inu (FLOKI).

The market value of Floki Inu (FLOKI) has dropped by more than 18% in the past seven days. As a result, Floki Inu (FLOKI) is now changing hands at $0.000018.

Dogecoin (DOGE) Is Losing Race Due to Its Rivals

Over Reliance on Elon Musk and his companies, and a lack of network growth have made Dogecoin (DOGE) lose its shine. In the past few months, several rival meme coins of Dogecoin (DOGE) have upgraded themselves to evolve.

Most notable among them is Shiba Inu’s (SHIB) layer-2 solution, Shibarium. However, Dogecoin (DOGE) is now over reliant on market speculations and hype for its price revival. Recently, Dogecoin (DOGE) witnessed a price surge after Elon Musk mentioned it in an interview.

However, experts have called it a highly unsustainable approach for Dogecoin (DOGE). Meanwhile, the price of Dogecoin (DOGE) has plunged by 16% in the past seven days. Hence, Dogecoin’s (DOGE) current trading price is $0.0641.

Whales Accumulate Everlodge (ELDG) In Large Numbers

An IMARC Group report has suggested that the market size of the global real estate industry can surge to $7,954 billion in the next 5 years. It indicates the exceptional growth potential of this sector. To encash this growth opportunity, Everlodge has announced that it will launch a new blockchain platform.

This first-of-its-kind blockchain platform allows people to invest fractionally in, and own vacation homes and luxurious hotels, for as little as $100. It mints NFTs against real estate properties, and fractionalizes them to make them purchasable by small and retail investors.

Let’s assume that there is a villa worth $20 million. Now, under the traditional method, there are only a few individuals that can purchase the villa. To overcome this problem, Everlodge has unveiled the co-owning of properties. It will collaborate with several big names in the hospitality industry to ensure high-quality properties in its ecosystem. Hence, this process allows thousands of people to collectively own a luxury property.

The platform has also proposed to introduce Launchpad, wherein developers can raise capital for new projects. Besides, people who co-own properties will also be able to use their NFTs as collateral to get a loan.

The platform will have ELDG as its native token, and its presale has begun. Currently, an ELDG token costs just $0.01. However, as per market projections, the platform’s value can surge by 280% in the presale phase, and 30x upon the token’s launch. Besides, the token holders will get multiple benefits, such as staking rewards and discounts on trading fees.

Find out more about the Everlodge (ELDG) Presale

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge