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While the crypto market struggled in August and September, Toncoin and THORChain rallied. However, these cryptos have lost momentum, with their prices now stalling. Meanwhile, investors are now turning to Everlodge. With the potential of transforming the $280 trillion real estate industry, experts have forecasted a 20x surge for Everlodge.
Toncoin Rally Halts, TON Loses Top 10 Position
Since the beginning of August, Toncoin has been one of the best-performing cryptos. Rallying by more than 120%, the Toncoin crypto briefly claimed a top 10 position. The integration of the TON wallet by Telegram fuelled the latest rally.
Also, the foundation partnered with Tencent Cloud and Chainbase to boost development on the Toncoin network. These positive developments saw the Toncoin value peak at $2.6 in mid-September. Since then, the price of TON has been on a decline.
Failing to crack the $2.6 resistance, TON has lost all its momentum, dropping to $2.10. Still trading above the $2.00 support, the Toncoin price remains in a good position to resume the rally. TON has been projected to end the year above $3.
THORChain Price Steadies, TVL Grows
Like Toncoin, the THORChain coin, RUNE, enjoyed a spectacular rally in August. The price of RUNE increased by more than 80% from its lowest point in August. However, since then, the THORChain price has steadied between $1.70 and $1.75.
While the price of RUNE has steadied, the THORChain crypto is enjoying network growth. The total value locked (TVL) on the network has increased to $113 million. In July, the TVL on the network was under $80 million. Also, the number of swappers on the network has been on the rise.
THORChain recently celebrated reaching 80,000 swappers. Despite its price stalling at $1.7, fundamental analysis supports a continuation of the rally. RUNE is trading on an ascending trendline that could see its price hit $1.98 in the coming weeks.
Everlodge Sets To Transform the $280 Trillion Real Estate Market
Real estate is one of the biggest industries in the world, valued at over $280 trillion. However, the high overhead cost and complexities limit many investors from owning real estate. Everlodgeis launching a blockchain marketplace to eliminate these challenges.
The Everlodge marketplace will provide seamless access to fractional investing in vacation rentals. To solve the complexities associated with traditional real estate, Everlodge will provide digitalized properties. The team will collaborate with real estate developers and hotel chains to select properties to be listed on the marketplace.
The titles, deeds, and ownership records will then be digitized and minted into NFTs. This will give investors easy access to real estate investment. To solve the cost problem, Everlodge will fractionalize these property-backed NFTs, allowing investors with $100 to own bits.
The aim of the project is to make real estate investment available to everybody. This model could potentially onboard millions into the real estate industry. As a result, investors are hyper-bullish about the Everlodge prospect. Now trading at $0.025, Everlodge has been projected to rally to $0.5 this year.
For more information about the Everlodge (ELDG) presale, please visit the official Everlodge website.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.