Market Shakeup: Monero and Aave Stumble, but Everlodge Receives Unprecedented Investor Backing!

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Image: Everlodge

In contrast to the bearish outlook of the crypto market, Monero and Aave experienced significant upswings. However, they are now facing hurdles in their price recovery efforts. Meanwhile, Everlodge, a blockchain project with a unique approach, is gaining significant support from investors.

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Monero Hits a Low Volatility Rating

With recent readings of the Risk/Reward Gauge, Monero(XMR) has managed to keep its head above water. This is after it hit a low volatility rating according to The Volatility Guage. This places Monero in a low volatility rank of 21 – or the bottom 21% of the market.

What this spells for Monero, is the fact that its prices would not be affected by market trends, at least for now. Although this is a good sign, the price of Monero has faced a hurdle in its recent recovery effort.

Since its rejection at the $150 resistance, XMR has been showing reduced momentum. The Monero price is trading above resistance, with a support set at $141.95 and a resistance set at $144.67.

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Image: Everlodge

Aave TVL Bounces Back To Being Number 2

The AAVE crypto is one of the oldest names in the decentralised finance (DeFi) space. However, as its price fell off course in 2022, its use and TVL dropped. In September, the Aave coin has been on an upward trajectory, recovering as high as $66.

As a result, the TVL in the project has spiked to $4.72 Billion, according to recent data from DeFiLlama. This increase now places Aave as the second biggest protocol in the DeFi Space. However, the Aave price has also faced a hurdle in continuing its uptrend.

Failing to break above the $66 resistance, the price of the coin dropped back to $60. However, the Aave price prediction from analysts remains fairly bullish. Currently hovering around $62.07, they have predicted that the Aave coin could increase as high as $80 before the end of the year.

Everlodge (ELDG) Set To Transform Real Estate Investment

Toppling the conventional real estate acquisition pattern, Everlodge aims to offer more users access to the timeshares market. Often described as a blend of Airbnb and web3, Everlodge will give investors a chance to own luxury villas, hotels, and vacation homes.

Everlodge uses asset tokenisation to list these properties on the platform. Next, these digital assets are fractionalized, enabling its users to own only a fraction of these properties. Investors can buy and own fractions of these properties starting at only $100.

By reducing the barrier to entry, investments that were previously reserved only for the super-rich can now be accessed by every investor. Individuals who own portions of a property will also share in its rental income.

Everlodge has been generating excitement in the timeshares market while in presale. Its utility token, ELDG, is available at $0.019 after a 90% increase from its initial price of $0.010. Crypto experts have predicted that the price of ELDG could reach highs of $0.5 before the year ends.

Find out more about the Everlodge (ELDG) Presale:




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

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