There is no shortage of cryptocurrencies in the market. However, not all have been able to post positive results in the current tumultuous market conditions. Everlodge is a booming project that has provided massive profits. Pundits prefer this new project over Uniswap (UNI) and Axie Infinity (AXS) for stable and better returns.
Uniswap (UNI) Increases Its Dominance In The DeFi Sector
The dominance of decentralized exchange, Uniswap (UNI), in the DeFi sector, has been increasing. As per on-chain data, Uniswap (UNI) accounted for about 50% of the total gas used in the sector in recent months.
However, some issues are making Uniswap (UNI) adherent worried. Uniswap (UNI) has witnessed a decline of about 20% in activity on its network. According to experts, this can cause bearish sentiments around Uniswap (UNI) in the coming days, leading to a further price decline.
Meanwhile, the trading price of Uniswap (UNI) has suffered a severe drop of 23% on the monthly chart. Thus, the current trading price of Uniswap (UNI) has come down to $4.28.
Axie Infinity (AXS) Loses Attraction As Hype Around P2E Wanes
Fading mania around play-to-earn games has hurt Axie Infinity (AXS). The latest on-chain data by DappRadar shows a declining network health of Axie Infinity (AXS). As per data, the number of unique active wallets transacting Axie Infinity (AXS) has fallen by 1% in the past week.
Besides, Axie Infinity has also witnessed a drop of more than 3% in the number of transactions involving AXS. Additionally, Axie Infinity (AXS) ‘s trading volume plunged by 16% during the same period.
Due to these bearish developments, the price trajectory of Axie Infinity (AXS) has moved downward. At press time, an Axie Infinity (AXS) token is trading at $4.72, following a drop of 18% on the monthly price chart.
Everlodge (ELDG) Presale Reignites Bullish Flare
The profitability of the vacation rental market has soared in recent years. According to a survey report, people, who owned and rented vacation properties last year witnessed an increase of 17% in their earnings. However, owning a real estate property is not easy, considering the huge coffers involved. To address this challenge, Everlodge has launched a new Web3 platform.
It allows individuals to fractionally invest in and own vacation properties for as little as $100. The platform uses NFT technology to mint non-fungible tokens for real estate properties and fractionalizes them into smaller parts.
Everlodge has brought the concept of co-owning properties. Thus, multiple individuals can infuse in a single property. The platform will forge partnerships with only renowned players in the hospitality industry to add high-quality properties to its ecosystem. Moreover, people co-owning properties will be allowed to use their NFTs as collateral for a loan.
Additionally, the platform has introduced Launchpad, where developers will be able to raise funds for their new projects. It has unveiled ELDG as its native cryptocurrency, and its presale has started. At present, an ELDG token is available at $0.018. However, market gurus predict the project’s value to grow by 280% in the presale phase and 30x upon launch. The token holders will enjoy a range of benefits, like staking rewards and discounts on trading fees.
Find out more about the Everlodge (ELDG) Presale
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