
[ad_1]
Cardano has quietly risen to the top of the blockchain, with the most development activity among chains. In addition, Everlodge presents a groundbreaking concept, offering fractional investments in luxurious hotels and vacation homes starting as low as $250. Here, we consider the essential insights.
Join the Everlodge Presale and win a luxury holiday in Maldives
Impressive growth momentum for Cardano
The pace of development activity on the Cardano network is showing no signs of slowing down. However, it is worth mentioning that the positive price movement of Cardano is not directly related to this growth spurt. Total Value Locked (TVL) on the Cardano chain has grown to a remarkable $160 million, and the stablecoin market capitalization has demonstrated significant growth, surpassing $15 million.
This organic growth within the Cardano ecosystem is reflected in its price trajectory, as indicated by the Relative Strength Index (RSI) residing in the oversold region. These factors collectively position Cardano as the blockchain with the most significant development activity, successfully beating out competitors such as Polkadot and Kusama Network.
In an additional move, Cardano introduced a new upgrade to its Hydra scalping solution, which could potentially further strengthen the price action. The Hydra v0.12.0 update aligns with the Cardano node v8.1.2 client and debuted on mainnet on July 30.
The purpose of this upgrade is to streamline node synchronization, introduce advanced functionalities to the API, and make it more accessible to Web3 developers. More details about this upgrade are expected to be revealed soon. Interestingly, ADA price increased by 6% following the launch of the Aiken upgrade.
With the release of the upgrade, ADA saw a 1.5% increase in price and is currently trading at $0.23. The bulls are in their place, indicating an imminent rally in the Cardano market.
Everlodge: Transforming Real Estate Through Fractionalization
Everlodge offers a unique gateway to the ownership of luxury real estate properties, comprising villas, hotels and idyllic retreats. Breaking away from traditional models, Everlodge bridges the gap between real estate and Web3 by using blockchain technology to offer fractional ownership through its exclusive Property Investment Center.
Within the Everlodge ecosystem, key components are a rewards club and a launchpad for developers to secure funding. Fueling this ecosystem is ELDG, a native token that provides attractive staking opportunities and allows token holders to live complimentary on premium assets. With the real estate market valued at over $4 trillion, the demand for Everlodge’s innovative approach is clear.
Everlodge generates fractional NFTs linked to the value of real estate properties, and these NFTs can be employed as collateral. Everlodge token holders will enjoy various benefits including gifts and discounts. Token holders can earn monthly interest, boost passive income, or choose to stake their tokens. Team Tokens are locked for two years, and the Liquidity Pool is secured for eight years, ensuring the safety of investor funds.
In the current presale phase, the ELDG token is available for acquisition at $0.012, and a projected growth of 280% during this phase underlines its potential.
Know more about Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Wire:
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality, accuracy of any of the contents in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own riskK.
Source: www.crypto-reporter.com
[ad_2]