Avalanche (AVAX) and Dogecoin (DOGE), which were once popular with investors, have slowed down in growth. Meanwhile, Everlodge is quickly increasing in value, due to its new and creative solutions, and a forward-thinking approach. Let’s take a look at the recent news about these three cryptocurrencies.
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Avalanche (AVAX) is going down
The Avalanche Foundation announced a $50 million initiative called Avalanche Vista to promote tokenization, but this didn’t stop AVAX from losing almost 56% of its value from its peak in 2023. 9.54 million Avalanche tokens were added to the market, which made people sell their AVAX. Even though there was a new partnership, and a new initiative to promote Avalanche (AVAX) adoption, the price went down.
Avalanche (AVAX) is now trading at $10, which is its lowest in 2023. Avalanche (AVAX) has recovered a little bit, but is still under a lot of selling pressure. The next milestone for Avalanche (AVAX) is to break through the resistance near $10.6. If Avalanche (AVAX) can do so, it might be able to reach the 20-day EMA resistance near $11.2.
Dogecoin (DOGE) Could Face Selling Pressure
InvestorsObserver has given Dogecoin (DOGE) a bullish rating. However, the overall market trends have not left Dogecoin (DOGE) unaffected. Although Dogecoin (DOGE) has increased by 4.4%, mirroring the general trend in the cryptocurrency market, it still faces challenges.
Furthermore, Dogecoin (DOGE) could soon face selling pressure because of resistance at $0.066, and support around $0.0607. The low trading volume of Dogecoin (DOGE) also adds to the complexity. Currently, Dogecoin (DOGE) is trading at $0.062. Dogecoin (DOGE) is still 91.12% below its all-time high of $0.74.
Own a Luxury Vacation Home for Just $100 with Everlodge (ELDG)
Everlodge is a way to invest in vacation homes without having to buy the entire property. You can buy a small part of a property, called a “fraction.” This makes it possible for anyone to invest in vacation homes, even if they don’t have a lot of money. The average price of a fractional ownership property is $250,000. But, with Everlodge, you can own a fraction of a property for as little as $100.
64% of travelers prefer vacation rentals over hotels, according to TurnKey Vacation Rentals’ 2019 survey. Everlodge is building a vacation rental platform that is known for its wide selection of properties, and commitment to quality. The platform uses blockchain technology to make it safe, and easy to buy and sell fractions of properties.
This approach will allow investors to own part of a luxury vacation home without having to pay a lot of money. The platform uses NFTs to keep track of who owns what, which makes it fair, and easy to manage.
ELDG’s ecosystem consists of the Marketplace, Launchpad, Lending, and Rewards Club. In the marketplace, users can trade NFTs that represent ownership of real estate assets. The launchpad will help property developers raise money by selling NFTs that represent ownership of their projects. The lending platform will offer loans to investors that are secured by real estate assets. Finally, the rewards club will offer rewards to token holders, such as discounts on property purchases, and free stays in hotels and villas.
In the midst of the market’s turbulence, Everlodge’s ELDG token stands out. Currently priced at just $0.012, it’s a steal. The platform has already sold over 27 million tokens, and is expected to reach 40 million in a week.
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