Although there are millions of cryptocurrencies, only a few of them are investment-worthy. Everlodge is considered the most profitable cryptocurrency this year. Experts are highly convinced about the strong fundamentals of this new project. They praise it for its long-term growth potential. However, the situation seems to be the opposite for IOTA (IOTA).
IOTA (IOTA) Set up Foundation In Abu Dhabi
Several cryptocurrencies are willing to tap the Middle Eastern market, and IOTA (IOTA) is the latest among them. Recently, IOTA (IOTA) announced that it has registered a development foundation in Abu Dhabi. Reportedly, IOTA (IOTA) has become the first registered foundation under the DLT Foundations Regulations of the Abu Dhabi Global Market (ADGM).
As per the official statement by IOTA, the foundation will be given $100 million in IOTA tokens. Through this measure, the network aims to increase its global presence. Notably, the blockchain firm had hinted about this development in September 2023.
IOTA (IOTA) has also made efforts to increase its market share in tokenized real-world assets (RWA). In the latest event, IOTA (IOTA) joined hands with Fireblocks. The objective of this collaboration is to streamline the process of asset tokenization.
However, despite these developments, IOTA (IOTA) has been trading in the red. The market value of IOTA (IOTA) has plunged by around 22%. Consequently, its trading price is hovering at $0.26.
Make Way For Staggering Rise Of Everlodge’s (ELDG) Presale
The concept of revenge travel has intensified, and this is greatly benefiting the vacation rental market. As per the market data, the occupancy rate of vacation stays has increased by around 18% in 2023. To make the most out of this growth opportunity, Everlodge has launched a blockchain-based property marketplace.
The platform aims to disrupt and revolutionize the hospitality industry. It will help individuals partly own or invest in luxury holiday stays and villas, starting at $100. It will convert vacation properties into non-fungible tokens (NFTs). Then, it will fractionalize them into smaller and more affordable units.
Notably, all these NFTs are backed by real-world properties. So, as the market price of the property increases, the NFTs will grow in value too. The platform also ensures the authenticity of these digital tokens. It stores all the property-related data, like ownership details and deeds, in the NFT metadata.
The native cryptocurrency of the platform is ELDG. People who own these tokens will receive discounts on property transactions and staking rewards. The platform also has a Rewards Club. If users join the club, they get free stays at luxury properties linked to the platform.
Another outstanding feature of the platform is Launchpad. Here, property developers can raise funds for their upcoming projects. Buyers can also benefit from this feature by investing in projects early.
The presale round of ELDG tokens has completed eight stages. The purchase price of the token has also risen from $0.01 to $0.029. The platform follows dynamic pricing, so the token’s value will surge in the upcoming stage.
Experts say that the value of the platform will increase by 280% during the presale phase. Besides, following their launch on exchanges, the token’s price can rise as much as 3000%.
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