Best Undervalued Cryptos Under $0.50, Shiba Inu (SHIB), Cronos (CRO), Everlodge (ELDG)

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January 9, 2024
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3 min read

The ongoing presale of Everlodge has created a massive wave in the crypto world. This new project’s high-value proposition and market viability have made it a hot asset. Therefore, investors are queuing up to lock its presale tokens, and earn 30X return on investment. But Shiba Inu (SHIB) and Cronos (CRO) have not been able to achieve such a growth rate.

Shiba Inu (SHIB) Introduces Automatic Token Burning

Token burning has been a critical element of the SHIB ecosystem, and the Shiba Inu team has a new update about it. Recently, Shiba Inu developers confirmed that the manual burning of SHIB tokens will end this month. They revealed that Shiba Inu’s layer-2 blockchain, Shibarium, will soon start the automatic burning of SHIB tokens.

Reportedly, the automatic burn of Shiba Inu (SHIB) tokens will occur when Shibarium collects $25,000 in total fees from users. The Shiba Inu (SHIB) team has also revealed that this process will begin in January 2024. Meanwhile, the market value of Shiba Inu (SHIB) has witnessed a 7% surge in the past month. Hence, Shiba Inu (SHIB) is now trading at $0.00000960.

Cronos (CRO) Announces Launch Of A New Layer 2 Network

The craze for layer 2 networks is increasing in the crypto world, and Cronos (CRO) does not want to stay behind. Recently, Cronos (CRO) announced the launch of a new layer 2 network, called “Cronos zkEVM chain.”The news has come at a time when Cronos (CRO) is up by 2% on the monthly price chart. Consequently, the current trading price of Cronos (CRO) has reached $0.095. According to an official announcement by Cronos (CRO), the layer 2 network will initially be launched as a testnet.

Thus, it will add a new chain to the ecosystem of Cronos (CRO). Experts believe that it will significantly help Cronos (CRO) in the long run.

Everlodge (ELDG) Presale Ranks High On Growth List

A report by Zippia suggests that the global hotel and travel accommodation industry will grow at a CAGR of 7% by 2025. This presents an opportunity to earn big. No wonder people are actively looking to invest in vacation rentals. Making it easy to invest in this sector, Everlodge has introduced a novel property marketplace.

The platform mints non-fungible tokens against real-world vacation properties, before fractionalizing them. This enables people to co-own a single property. Let’s understand this through an example.

Suppose there is a vacation property worth $10,000,000 in Hawaii (US). Everlodge will convert the property into digital tokens, and break them into 100,000 smaller units. Thus, you can own a part of property with just $100.

The platform boasts several elements, like Marketplace, Launchpad, Lending, and Rewards Club. Each element will serve a specific purpose. ELDG will be the native token for the platform. The token holders will receive various benefits, such as holiday giveaways, discounted property purchases, and lower transaction fees. They can also stake their tokens to earn additional income.

The platform has completed the first eight stages of its presale round. During the ongoing ninth stage, the token is available to buy at $0.029. This is a staggering surge of 190% from the token's starting price of $0.01. Market analysts expect that the token's value will skyrocket by 280% during the presale round. Moreover, the token's market value can increase by at least 3000% upon launch on exchanges.

Visit Everlodge

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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].

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