The past market activity of cryptocurrencies usually determines what the future might hold for the tokens. Analysts study the long-term market charts of cryptos before forecasting future prices. So far, investors have high expectations for Tezos (XTZ) and Beam (BEAM) tokens due to the tokens' price activities within the past few weeks and their overall utility. Meanwhile, the Everlodge (ELDG) project has been picked as one of the top cryptos to invest in the year, given the momentum the token is building after its listing on the Uniswap exchange. Find out more below.
The Everlodge (ELDG) Project Showcases Significant Market Potential After Uniswap Listing
The official launching of the Everlodge (ELDG) project is coming with lots of positive expectations given that the platform will be introducing a revolutionary model for real estate investment in the blockchain network. As a platform, Everlodge's goal is to make investing in luxury apartments cheaper and more secure.
Using blockchain technology, Everlodge will be fractionalizing luxury properties and using NFTs to act as digital placeholders for the properties. As such, investors who buy these NFTs will own a digital copy of the luxury apartments that these NFTs represent. Any revenue generated from these apartments will be shared among investors according to the percentage of the properties they own. Also, the Everlodge platform will reward investors who hold the ELDG native token by offering free nightly stays in the platform properties. There are also discounts for purchases made on the Everlodge ecosystem.
Meanwhile, the ELDG token, an ERC20 token, has given early presale investors a massive 190% ROI, making it one of the top cryptos to invest in 2024. While the presale phase has ended, analysts have projected a massive 30x ROI after its recent Uniswap listing and other tier-1 exchanges.
Investing in the project is safe and secured as the Everlodge ecosystem smart contract has been audited by an independent auditing team. The KYC has also been completed. With the current price trajectory of the token, analysts are optimistic that the token's bullish movement will exceed that of Tezos and Beam in the coming months. Overall, Everlodge represents a top crypto project that investors should leverage at the moment.
Tezos (XTZ) Rallying to Maintain Price Value Above $1
Following a price rally of over 13% by Tezos (XTZ) within the last month, the token's price has entered the $1 mark. Tezos price rally is also visible by the 4% increase in value within the last week. It is worth noting that the crypto spent a significant part of January above the $1 price mark, as per data collected from CoinMarketCap.
However, the Tezos token experienced a price retracement toward the end of January. But, with the current trajectory, Tezos is likely to establish its support level above the $1 price mark before the end of the month.
Beam (BEAM) Experience Further Price Rally Following a Slight Retracement
Beam (BEAM) had significant bullish movements in the early days of the year. According to data from CoinMarketCap, the Beam price gained over 111% on a year-to-date price metric. While the token's value has dropped by over 20% in the last month, a price retracement has seen the token gain a slight 4% in the past week.
The bullish expectations of Beam crypto by investors are evident in the trading volume and market cap which has witnessed a slight increase in the past week. At the current trajectory, the Beam token price may likely reach $0.1 before the end of the month.
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For more information about Everlodge (ELDG) please visit their website.