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While altcoins dip following a bullish month, Everlodge (ELDG) defies gravity with a 170% spike during an ongoing presale event. Analysts believe this is just the start of a much larger rally that could see ELDG hit $1 next year. Fantom (FTM) and Helium (HNT) are two other projects that are moving up the ranks and could be next in line for a major jump. Let’s look at each project and assess its potential for success in the coming months.
Everlodge (ELDG): More Gains To Come?
Seen as a combination of Airbnb and Web3, Everlodge aims to democratize luxury real estate investment by making it accessible to everyday investors. Everlodge users will be able to purchase fractional shares of high-end properties worldwide and earn passive income through rental yields.
Everlodge’s main USP is the minting of fractionalized NFTs that represent shares of a physical property. These NFTs securely store important information, such as titles, deeds, and ownership details, within a smart contract’s metadata. No more paper-based deeds and legal documents.
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— Everlodge (@EverlodgeHQ) October 23, 2023
Everlodge also introduces a unique ecosystem encompassing a marketplace for trading fractional real estate, a Launchpad for property developers to raise capital, a Rewards Club offering free stays and passive income opportunities, and a lending service for short to medium-term loans using property-backed NFTs.
The ELDG token facilitates all transactions within the ecosystem, offering benefits such as discounts, rewards, and staking opportunities. So much utility explains why ELDG has pumped by 170% to a price of $0.027 since the Everlodge presale started.
Industry experts note that there will likely be a lot of media attention when launch day comes, which could spike the price by 3,000% as FOMO kicks in. With such potential in the $280T real estate industry, it’s easy to see why Everlodge defies market volatility and pushes higher weekly.
Fantom (FTM) Price Prediction for Q1 2024
Fantom is a layer-1 project that takes a unique approach by combining aBFT consensus with Lachesis DAG to achieve high-speed and low-cost transactions. Many blockchain commentators believe that Fantom is currently the fastest layer-1 on the market, with some even preferring it to Solana for high-speed transactions.
But this raises the question: Why is the Fantom TVL so low at just $77 million, while Ethereum has a TVL of more than $30 billion? There is simply a lack of self-awareness and strong community support for Fantom, which could be seen as an opportunity by investors.
Fantom is also bouncing back from the Fantom Multichain Bridge attack, which saw millions of dollars worth of FTM tokens stolen. The fallout from the attack caused a rapid loss in both the price and reputation of Fantom, but the team has been working hard to rebuild trust within the community.
They seem to be succeeding as the price of Fantom has grown from 100% in the last two months to a current price of $0.41. The $0.45 price mark is acting as a resistance level, and if Fantom can break through this, it could rise to $0.65 in Q1 2024 before all-time highs in 2025.
Will Helium (HNT) Hit $100?
Helium is an ambitious DePIN project that has created a decentralized wireless network for IoT devices. Right now, millions of Helium hotspots worldwide are used to transfer data between devices and facilitate the Internet of Things.
The price of Helium hasn’t always matched this impressive network growth. In 2021, Helium pumped by over 1,000% from $1.30 to a peak of $55.22. However, the price corrected to a 2023 low of around $1.12 in July.
Helium seems to have turned a corner in Q4 2023, with the price climbing to $7.64 today. This sudden change in momentum is likely due to the launch of Helium’s 5G Mobile DePIN network, with the native MOBILE token increasing by 50x since the start of December.
Technical analysts highlight a break of the $5.50 resistance zone that had held the price down for over a year. Some analysts now believe that Fantom will hit all-time highs of over $55 by the end of 2024 if Fantom can cross the resistance at $10.
