El Salvador’s Bitcoin Bond Approved; Ethereum (ETH) and Everlodge (ELDG) Spark DeFi Coin Revolution
El Salvador’s recent green light for a Bitcoin-backed Volcano bond is a crypto game-changer. It signifies a significant step toward integrating cryptocurrencies into traditional financial systems.
Meanwhile, Ethereum (ETH) and Everlodge (ELDG) are also making headlines. While you may be familiar with ETH, ELDG is a crypto ICO in Stage 8 that continues raising funds successfully so far.
Ethereum Price Outlook
According to DeFiLlama data, the Ethereum (ETH) TVL is now sitting at $28.21B, a significant increase from $26.1B on December 1. This increase shows a bullish sentiment for Ethereum as investors do not seem to be bothered by short-term price movement. The Ethereum price increased from $2,090 on December 1 to $2,228 on December 12.
The technical analysis for this DeFi coin also shows bullish signs as it trades above its 100- and 200-day EMAs. Moreover, ETH has experienced 18 positive trading days in the past month alone.
Experts in the field have taken notice, as some of them foresee the Ethereum value potentially reaching $2,404 before the end of 2023.
Everlodge (ELDG): Venturing Amongst DeFi Cryptocurrencies
Meanwhile, Everldoge (ELDG) is bringing something new to the real estate market, valued at $280T. It promises to establish the first NFT marketplace backed by real-world hotels, villas, and vacation homes. Essentially, Everlodge mints these properties into NFTs and then fractionalizes them. This will allow users to become a fractional owner of one such property on the blockchain for a low price.
The crypto community went into a frenzy for this project as it flooded its presale. It is now in Stage 8, which sold 2.2M ELDG native tokens. The way the presale is structured is that the price increases with each stage, potentially providing earlier investors with better incentives, provided the sale ends successfully.
Recently, Everlodge announced it would incorporate AI into its platform. Notably, it is an AI-powered tool that will scan global property markets worldwide. This innovative AI tool identifies potentially undervalued markets, helping you in the long run.
The ELDG token is a crucial component of the Everlodge ecosystem. It will have real-world utility as it covers transaction fees on the platform. If users wish to obtain discounts on trading fees or passive income via staking, holding the ELDG token is necessary. It currently costs $0.027.
If users purchase the ELDG token now, they will also receive a 10% deposit bonus, available for a limited time only.
With El Salvador’s progressive Bitcoin bond approval, the crypto market may soar again. In this environment, Ethereum could shine as its TVL keeps growing. In this environment, Everlodge boasts a low $14M market cap, which means that smaller sums can influence the price much more than large-cap cryptocurrencies.
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