Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
In the fast-paced world of Crypto, Cardano and Ripple are old and established players. They have different use cases but both seek to transform the sectors they are part of. Everlodge brings a new idea to the table, one which will revolutionize property investment. Given that the early bird catches the worm, we’ll explore if Everlodge will come out as king.
Cardano looks bullish, especially for new entrants
The charts are showing some bullish signs for Cardano that could see ADA’s price rising. Recent on-chain data shows capitulation signals as short-term holders got shaken out amidst the recent volatility.
Realized losses have spiked while MVRV ratios indicate most Cardano addresses are currently underwater – taken together, this points to decreased sell-side pressure going forward.
Additionally, the Cardano Foundation will use over 11 million ADA to vote in favor of improvement proposals to gradually distribute power away from Hoskinson’s IOHK. Reduced reliance on central authorities sits well with the community’s ethos of decentralization for the layer 1 blockchain.
The charts suggest the path of least resistance for ADA remains higher. The technical lineup with improving on-chain fundamentals. As decentralization efforts progress, conviction from the Cardano faithful could provide rocket fuel for price discovery beyond the recent highs.
Still, the slow speed at which Cardano progresses may mean that investors wanting quick yet sustainable gains could be better off seeking alternative investments such as Ripple or Everlodge.
Ripple’s price hangs in the balance
Like Cardano, Ripple also saw volatility recently, due to the spoofing of a BlackRock Ripple Spot ETF. Upon receiving the news, Ripple jumped by 10%, only to come crashing back down when BlackRock spoke out saying the application was not from them.
From a technical analysis point of view, November was bullish for Ripple, although today things look more uncertain. Prices were consolidating above the key $0.60 level which has reversed roles to become support. Bulls are hoping this pause refreshes rather than stifling the rally.
Part of the bid under XRP likely comes from institutions slowly wading back in. Fund flow data spotted a small inflow last week even as capital exited some altcoin rivals. Over a longer time frame, whales have been offloading to those with smaller stacks. This distribution could be a bullish sign if retail FOMOs in.
On the downside, the 50-day EMA looks to be the first strong layer of defense near $0.59. But as long as XRP holds above support-turned-resistance at $0.60, dip buyers still have the green light within this ascending channel. Fresh lower highs would change that outlook quickly, however.
XRP trades at $0.594195 at the time of writing.
Everlodge price potential trumps XRP and ADA
So from a technical perspective, Cardano is the winner, as it is uncertain if Ripple can maintain the $0.60 level. But as both of these coins have a high market capitalization, meaning there is only so high they can go. There is a third option – Everlodge.
Everlodge is an RWA platform that will tokenize and fractionalize vacation holiday rentals, in order to allow people to buy shares without the hassle of actual property investment.
Everlodge is backed by the ELDG token. This will be used for governance, paying maintenance fees, staking, and giving holders access to exclusive properties, giveaways, and discounts.
The RWA concept is one that BlackRock and other large institutions are endorsing. Everlodge is currently in presale for $0.025 and will launch when it reaches $0.038, indicating a 52% gain regardless of the whims of the market. At this point, experts predict a rise to $1.14 which is a 4460% gain from today’s price.
