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With the Bitcoin halving coming up in April, analysts are projecting more rallies for some tokens. THORChain (RUNE) and Algorand (ALGO) have witnessed significant price rallies in the past week. Meanwhile, Everlodge (ELDG), the property marketplace that seeks to bring the luxury real estate market closer to the people, has drawn the attention of whales. Having already given early investors over 200% ROI, analysts have picked the ELDG token as one of the best new cryptos to invest in Q1 of 2024.
Everlodge (ELDG) Eyes Listing Its Token on Tier 1 Crypto Exchanges
With THORChain and Algorand witnessing bullish sentiment, Everlodge has drawn the attention of whales as it prepares to list its native token, ELDG, in major Tier-1 crypto exchanges. Although the presale is over, more investors are moving to the Uniswap exchange to purchase the token ahead of the expected rally in the year. Analysts have projected a 35x rally when the project is launched.
For context, Everlodge is a property marketplace that will allow for fractional real estate investment. Everlodge will achieve this by minting real estate assets into digitized NFTs, which users can purchase fractionally. Hotels, vacation homes, and luxury villas will be minted into NFTs, which users can purchase with as little as $100. The assets are safe and secured as all the titles, deeds, and ownership details are stored inside the metadata of the smart contract. Also, as the value of the properties increases, so will the value of the NFTs.
The Everlodge also has a unique ecosystem that is beneficial to investors. The platform has a marketplace where users can buy and sell fractional real estate assets and make profits. There is also a launchpad that allows developers to raise capital for new profits. The rewards club will allow members free nightly stays across all properties owned by Everlodge. The lending protocol will allow users to use their property-backed assets as collateral to obtain loans.
Early investors of the ELDG token have gotten over 190% ROI, with Analysts projecting more ROI as the token is listed in more exchanges. Everlodge has started airdropping the ELDG token to the wallets of early investors, with 25% of the tokens having been airdropped so far. At the current trajectory, analysts are projecting a 100x rally for the token before the end of the year, making ELDG one of the best new cryptos to invest in now. Overall, with Bitcoin halving coming soon, analysts are projecting a massive rally for the token.
THORChain (RUNE) Witnessing a Bullish Rally
THORChain is one of the tokens that have witnessed an impressive price performance in the year. The token has gained over 25% in the past month. The weekly chart shows that the THORChain price has slightly increased by 2%. Although the bear is trying to stage a comeback, the bulls are in control. Zooming in, THORChain’s year to date price metric shows an impressive 180% rally, according to CoinMarketCap.
The THORChain trading volume has also witnessed an uptrend with over 30% day-to-day average increase in the past week. With the bull market coming soon, analysts are projecting the token to trade above $6 before the end of the month. According to Digitalcoinprice THORChain price prediction for 2024, the token will trade at an average of $9.53 before the end of 2024.
Algorand (ALGO) Market Stats are Very Impressive as Analysts Eye an Extended Rally
The Algorand market stats have been impressive in the past weeks. It is confirmed by the price increase of over 13% in the past 30 days. Also, the Algorand price has increased by 10% in the past week to signal the dominance of the bulls.
Although the Algorand market cap is on the decline, the trading volume has been impressive. That shows increased market activity. The Algorand token has been trading between $0.15 and $0.20 in the past month. However, with the bull market insight, analysts are projecting the token’s price to reach $0.25 soon, making it one of the best cryptos to buy and HODL for long-term profits.
For more information about Everlodge (ELDG) please visit their website.
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
