Everlodge presale drawing Uniswap and Polkadot supporters
The Everlodge (ELDG) presale has found support from Uniswap (UNI) and Polkadot investors. This article examines this development and explores the road ahead for Everlodge.
Everlodge aims to transform real estate using NFTs
Amid Uniswap’s declining user base and Polkadot’s dwindling dominance, Everlodge has sold over a million ELDG tokens in their presale.
Everlodge aims to shape the vacation home ownership experience by allowing people to purchase properties digitally as non-fungible tokens (NFTs).
This fractional investment approach makes it possible for a broader range of investors to participate, including those previously excluded from high-end real estate opportunities.
The ELDG is at the center of this drive, serving as the native currency and offering perks to holders. Some of these benefits include property discounts, staking, and exclusive privileges.
ELDG is available for $0.012 in the ongoing presale. Token prices will increase as the presale progresses, a setup meant to benefit early supporters.
Analysts expect ELDG to rise in the days ahead, considering the project’s approach to property investment.
Uniswap is struggling
Uniswap revolutionized how people access financial products by creating a platform for trustless token trading. This protocol is especially popular among low market cap projects, providing trading and liquidity opportunities.
Nonetheless, Uniswap has encountered some difficulties. Currently, UNI is trading at $4.38, representing a 90% drop from its peak of $44.97 earlier in 2021. The recent dip below $5 has raised concerns about the possibility of a further decline to $3.50.
Polkadot dropping, investors explore alternative and Everlodge
Trading at around $4.25, DOT prices are down 92% from their high of $55 in November 2021. This decline can be attributed to the limited use of Polkadot compared to giants like Ethereum and newcomers like Kaspa in the layer-1 market.
Amid this, Polkadot’s total value locked (TVL) is low, decreasing to around $200 million following the exodus of projects to Solana for better performance, transaction speed, and scalability.
Subsequently, many investors are exiting Polkadot and exploring Everlodge in the ongoing presale. The situation is even dire since Polkadot’s future is uncertain after DOT crashed below $6.00. If it falls below $4.20, it may decline further.
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