In an unpredictable twist of events, cryptocurrency Everlodge (ELDG) has seen a remarkable surge of 80% this week, setting it apart from the crowd. Contrarily, Curve (CRV) and Conflux (CFX) have experienced weekly dips of 30%. Notably, the surge in Everlodge’s value is happening while the coin is still in its presale phase, indicating a potentially bright and promising future for this newcomer in the crypto market.
Everlodge (ELDG): The Potential to Disrupt a $280 Trillion Real Estate Market
The ongoing Everlodge presale is seeing huge success, with 84+ million tokens sold and a price surge from $0.010 to $0.018 as holders flock to grab the last remaining tokens during the current presale phase.
At the heart of Everlodge is the vision to make luxury real estate accessible to all. The platform dismantles traditional roadblocks such as nationality, origin, and financial standing, making upscale properties attainable for many.
Everlodge is based on three core principles: decentralization, frictionless transactions, and transparency. The company creates NFTs representing fractional stakes in exclusive properties to bring this vision to life.
Everlodge is sculpting a multifaceted ecosystem for property magnates and individual stakeholders. Integrating a Rewards Club, Lending Mechanisms, and a Launchpad underscores the platform’s expansive vision for redefining property assets.
Everlodge’s innovative blockchain and real estate merger positions ELDG as a titan in decentralized finance. Industry experts are already predicting that Everlodge could disrupt the $280 trillion real estate market, which could see the token rise by 50x once it hits the public market.
Curve Finance (CRV): Rapid 30% Decline and the Shift to Everlodge (ELDG)
Security breaches, particularly in the DeFi realm, have extensive implications beyond immediate financial losses. The recent hack on Curve Finance serves as a testament to this reality. Not only did this unfortunate event cause the price to plummet, but it also shook confidence in Curve Finance as a reliable project.
It was not entirely unexpected that Curve Finance experienced a 30% decline in just two days after the recent breach. The prompt market response resulted from the extent of the breach, which led to a depletion of nearly $47 million from its pools. This event has raised concerns about Curve Finance’s vulnerability assessment and risk mitigation strategies.
The price of Curve Finance is currently at a risky point of $0.43, and the market’s reaction to the $0.50 support level has been underwhelming. Based on technical analysis, a further decline could be inevitable if Curve Finance fails to recover soon. This could lead to a significant drop in the price, possibly as low as $0.010.
In these uncertain times, it is not surprising to see users flocking to promising new projects in search of safer havens. Everlodge, in its early presale stages, seems to be benefiting from this behaviour.
Monitoring Conflux (CFX)’s Price Movements in the Days Ahead
Conflux’s blend of the Proof of Work and Tree-Graph consensus mechanisms promised to usher in a new era of efficiency and sustainable blockchain computing.
Indeed, the novel approach propelled its valuation from a modest $0.023 to an impressive $0.48 in the first half of 2023, signalling robust confidence. However, Conflux’s price has rapidly retraced to $0.1229 due to early holders taking profits.
The crypto community had anticipated Conflux benefiting from China’s relaxed stance on digital currencies. However, expectations may have exceeded its intrinsic value and practical applications.
Technical indicators paint a rather sombre picture of the near-term outlook of Conflux. The decisive breach of the $0.18 support level saw a cascading effect, with the cryptocurrency shedding over 30% of its value within a week.
If the bearish momentum persists, Conflux could test the next support level at $0.080, prompting caution among traders who should closely monitor the token’s movement in the coming days.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
