3 Cryptocurrencies for explosive growth in September 2023: Toncoin, THORChain, Everlodge

Toncoin is linked to Telegram, the app of choice for many in crypto or for those who prefer more privacy than other messenger apps, and so their integration with crypto payments is interesting. THORchain and Everlodge are bringing new things to DeFi. Let’s take a look and see what’s the news and what has the most potential.

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

Toncoin could help to bring crypto into everyday life

One of the killer use cases for crypto is as simple as it sounds – easy payments.  While Solana Pay is making great strides by partnering with Shopify and others, TON – The Open Network aka Toncoin, is trying to integrate payments in a different way. Toncoin and other cryptos can be quickly and easily traded through a wallet bot on Telegram. Merchants can set up the ability to receive payments in Toncoin, BTC and USDT.

TON used to stand for Telegram Open Network but after regulatory issues it was given to the community and renamed. Toncoin is the native token.

As well as being able to easily send crypto such as Toncoin, BTC or ETH via Telegram, Toncoin and Telegram users can also set up bots that seek out and buy new cryptos, after doing some checking in the smart contract. This is of course a very risky business, but with the new bots, it just became that bit easier.

With these functions, Toncoin has the potential to attract both regular Telegram users and DeFi degens, among others.

THORchain’s RUNE drops but all eyes are on their new lending platform

THORchain’s native token RUNE has been on a huge rally since around the 7th of August, going from $0.92 to a peak of $1.83 on August 21st.  Holders expected the token to continue to rise as THORchain’s new lending protocol went live on the 21st but instead we have witnessed multiple corrections, with lower highs and lower lows.  The price of RUNE is currently $1.50.

Although the lending protocol didn’t have a positive effect on THORchain price, internet data suggests that there is a lot of buzz on the socials.  This is likely because they are offering interest free loans (backed by crypto as collateral). Most DeFi lending platforms charge you to borrow, although a few platforms do have assets that you can be paid to borrow, for example, LINK pays an interest rate if borrowed on BSC’s Venus protocol.

However THORchain notes that the reason for this is to help secure the network’s TVL. By not having interest rates people are more incentivised to keep their loans open for longer.

Moreover the THORchain Twitter points out that they received over a million views a week “without any paid marketing – no ads, articles, podcasts, shills, videos.” This indicates the strength of the THORchain community and tech.

People can co-own luxury holiday properties with Everlodge

ELDG is the native token of the new project Everlodge.  ELDG has just exited the beta phase of presale and is now in stage one, having just risen by 20%.  But what is Everlodge? It’s basically a new angle on the tokenisation of assets such as property. In this case, vacation rental property.

Why does that matter? Well for people that have always wished to invest in property but have been held back for a number of reasons, Everlodge makes it easy by doing all the hard work including vetting hotel chains and property owners, and doing all the paperwork and legal elements.

They will then create an NFT as the token that represents that asset, and sell fractions of it to their users, via a sleek looking marketplace.  Buyers get rental yields and also benefit if the price of the property goes up, since their NFT will also rise in value.

Although Everlodge says that they are where Airbnb meets crypto, I can’t help thinking of the board game Monopoly as I imagine browsing my portfolio of luxury properties around the world, receiving rent when someone stops there.

Find out more about the Everlodge (ELDG) Presale

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

Telegram: https://t.me/everlodge

WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido