Increased activity on the Chainlink and Tron network has set the stage for a price rally. According to CoinMarketCap, both tokens have seen price gains on the price chart. Meanwhile, another crypto project, Everlodge, is making giant strides in the real estate sector. Find out why experts are bullish about this new project.
Everlodge is creating a Web3 property marketplace where people can invest in hotels and luxury villas with a small amount of money. Interestingly, Everlodge will use Web 3 and NFTs to achieve a fractional vacation home ownership model.
The platform will create NFTs and divide them into smaller portions to represent partial ownership of the luxury properties listed on the marketplace. Meanwhile, users can trade their NFTs on the Everlodge marketplace or other platforms that support ERC-20 tokens.
Additionally, they can use them to collect loans on the Everlodge platform. Currently, Everlodge has released a token presale for its native token called ELDG. This token has several benefits. Unlike other tokens, you can stake the Everlodge token to earn passive income.
Furthermore, token holders receive discounts and stand a chance to win a holiday in the Maldives. As for ELDG, it is currently in its fifth presale stage, and its price is only $0.02. Given its relatively low market value and outstanding features, analysts predict it will reach $0.38 by the end of 2023.
Santiment, an on-chain analytics company, has noticed high growth in the Chainlink network over the past five weeks. During this period, wallets holding 100K-1M $LINK have bought over $38.5 million worth of $LINK. In addition, the Chainlink network has scored major partnerships in the past two months.
It has partnered with SWIFT and with ANZ back for cross-chain transfer using its CCIP. Similarly, the Chainlink coin has been trading in the green for five consecutive days. This bullish trade began on October 13th after it formed a golden cross, sign of bullish movements.
As of October 18th, the price of Chainlink is $7.41, an increase of 0.4% in the last 24 hours. Interestingly, Chainlink crypto has maintained a 9.2% increase on the 7-day chart. If the bullish rally continues, Chainlink’s price could climb above the $8 mark in the coming weeks.
Tron’s (TRX) native token, TRX, has seen strong bullish action during the past few days. According to CoinMarketCap, Tron has moved up to become the 10th largest cryptocurrency with a market capitalization of $7.9 billion.
Similarly, the price of the TRX coin is trading at $0.089256. This signifies gains of 1.7% and 3.1% on the daily and 7-day chart. According to Coincodex, TRON has recorded 17/30 (57%) green days with 2.14% price volatility over the last 30 days.
The Tron coin indicators are currently bullish. The price rally has pushed Tron’s RSI above the 50 mark to 59. Also, Tron coin is trading above the 50, 100, and 200-day EMAs, signs of large bullish activity. As a result, analysts are counting on bulls to push the Tron coin price to $0.10000 soon.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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