Avalanche (AVAX) Price Declines – Have The Bears Taken Over? Whales Accumulating Everlodge (ELDG)

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The crypto world has seen lots of changes lately. One of the most exciting things is a new project called Everlodge. Its presale round is breaking records every day. Since big projects like Avalanche (AVAX) seem uncertain, investors are moving towards the presale of ELDG.

Presently, Everlodge’s presale is at stage seven, and the token is valued at $0.025. This is a 150% growth from its starting price of $0.01. Experts think the value might increase by a whopping 280% before the presale ends.

Avalanche (AVAX) Suffers Drop In Development Activity

The Avalanche (AVAX) community is going through uncertain times. Avalanche (AVAX) is witnessing a massive surge in its trading activity. According to DeFiLlama, the weekly trading volume of Avalanche (AVAX) has increased by 167% MoM. Subsequently, the trading volume of Avalanche (AVAX) recently reached $2.73. Notably, it is at its highest level since July 2022.

However, Avalanche’s (AVAX) development activity has dropped. The data from Santiment shows that its development activity has fallen by more than 42% in the past 15 days. Besides, the total weighted sentiment of Avalanche (AVAX) has also been declining.

Consequently, investors are worried about the growth of their investment in Avalanche (AVAX). At the time of writing, Avalanche (AVAX) is available at $22.50.

Everlodge Presale Effect Creates Waves In Investment Circles

A recent report states the global hotel and resort industry is likely to grow by 8.1% annually until 2031. This has increased the industry’s profitability and attracted more investors.

Now, Everlodge is a shining project in the hospitality sector. It is a one-of-a-kind blockchain project. It offers unique benefits. The platform introduces fractional ownership of luxury hotels, and vacation properties. It adds high-end properties into its ecosystem, and transforms them into Non-Fungible Tokens (NFTs). Thus, it allows people to own parts of luxury hotels and vacation properties for as low as $100.

Moreover, the platform links its NFTs directly to these real estate assets. This assures a consistent growth in their value. It also offers investors a secure investment option. The platform will partner with renowned real estate players to select the best properties.

Users of the platform will have additional benefits. They can use their NFTs as collateral for loans. This, in turn, diversifies their financial options. That’s not it! Holding the platform’s native cryptocurrency, ELDG, also comes with a range of benefits. 

Token holders benefit from exclusive discounts and gain access to the Rewards Club. The membership of this club gives a free stay at luxurious properties linked to the platform.

Additionally, the platform has taken measures to prevent pull-outs. It will be locking its liquidity pool for eight years and team tokens for two years. There’s a chance that when the tokens get listed on major exchanges like Uniswap, their value could surge by up to 3000%.

For more information about Everlodge (ELDG) please visit their website.

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Source: null tx