If you’re considering investing and doing your research, you can’t escape the world of cryptocurrencies. But which one should you pick for your portfolio to make it worth your time? Today, we take a look at the most promising projects on the scene. Fantom’s price dropped by over 4% in the first week and is down nearly 94% from its ATH. Everlodge connects the housing markets with Web3 + DeFi, and Decentraland is ready to lead the coming metaverse revolution with AI.
Click Here To Find Out More About The Everlodge (ELDG) Presale
Fantom Investors Ready to Buy the Dip?
Fantom’s price action is currently in a falling trend, and the market is dominated by sell pressure. However, Fantom’s price bounced off its major trendline support level toward a resistance level. If price action manages to overcome resistance, a breakout might bring bulls back to the table, as sentiment data suggests that investors are buying the dip.
Technically, the bearish trend is active as long as the price is holding below the 50 and 200-day SMAs. The MACD is below the signal line, also showing more downside potential, and the RSI is just a little short of over-accumulation levels.
However, as Fantom might seem to be struggling at first sight, every crisis offers an opportunity, and if the price drops even further, investors might double down on their positions, which could get Fantom out of bearish territory.
AirBnB + Web3 = Everlodge
Everlodge is the world’s first co-ownership platform for vacation homes operating on the Ethereum blockchain. With the advantages of blockchain technology, fractionalizing assets is easily doable and provides proof of ownership without notary or bank approval.
This allows Everlodge to provide access to their ecosystem without banks, credit checks, or hidden fees. Offering a unique opportunity for passive income, the Everlodge ecosystem will include a marketplace, a launchpad, rewards, as well as staking and lending services.
Everlodge turns the value of the asset into fractionalized NFTs, which provide proof of ownership and will be tradeable. Issued on Ethereum as an ERC20 token, ELDG will fuel the Everlodge ecosystem and will be 100% audited by Interfi Network. The token distribution looks reasonable, with 55% dedicated to the public presale, 10% for the team, and 5% for liquidity, followed by 15% for rewards, 3% for legal advisors, and 12% as reserve. The total supply of the ELDG token is 800,000,000.
Ongoing developments show the nearly finished UI for all platforms. Next on the listing on Uniswap, as well as the listing of Everlodge on a major CEX. For early birds, analysts expect a potential 100x return on the token.
Decentraland’s Unique Active Wallets Surge
With the 2023 Metaverse Pride event hosted by Decentraland, the hype around the MANA token is accelerating. This seems to be the catalyst behind the increase of unique active wallet addresses. Transaction stats on Decentraland have shown an increase of nearly 70% in the last month alone. However, MANA follows the broader market and is down over 30%, available at $0.36 at the time of writing.
The delisting on eToro might have been a bearish catalyst for Decentraland’s MANA, but the Decentraland team revealed plans for several more AI features to come.
Decentraland plans to merge virtual reality with user-generated content, crypto monetization, and artificial intelligence on a single platform. Furthermore, the team announced that it will be introducing AI-powered NPCs. The AI NPCs are developed in collaboration with Inworld AI, and the Decentraland team seeks to build artificial intelligence world-building tools.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
