Cardano (ADA) Faces Selling Pressure
Data reveals that Cardano (ADA) is being negatively impacted by selling pressure, as its price has remained below $0.28 for an entire month. Although there has been a slight upward movement recently, with Cardano currently at $0.2507, the token is still experiencing a 7.20% loss for the month. While most cryptocurrencies are recovering alongside Bitcoin, Cardano is in a weaker position.
Cardano’s total locked value (TVL) has declined by 30% since July due to decreased network activity, leading to a bearish prediction for the token. However, if Bitcoin can break through the $31,000 mark soon, Cardano may have a chance to turn things around and reach $0.40.
Solana (SOL) Seeks to Strengthen its Position
Solana (SOL) is also undergoing a recovery phase like other cryptocurrencies. The price of SOL crossed $20 twice this week and is currently trading at $19.89. There has been a slight increase of 0.26% in market cap, and Solana now ranks among the top ten performers in the crypto market.
Solana’s recent recovery is encouraging for the community and analysts are assessing its potential for long-term growth. Additionally, Solana’s partnership with Eclipse mainnet and Ethereum SMV L2 integration aims to enhance project speed and scalability, further boosting SOL’s price momentum.
Less Than a Week Until Everlodge (ELDG) Token’s Price Surge
Everlodge is an innovative blockchain-based property marketplace that allows users to co-own vacation homes, luxury hotels, resorts, and villas. The platform will tokenize these properties into NFTs and fractionalize them for affordable purchase. Everlodge will also offer memberships and discounts to facilitate co-ownership for as little as $100.
With a predicted 280% price growth in the coming days, the ELDG token is currently in Stage 3 of its presale. The platform’s ecosystem provides various rewards and deals, and users can stake their native tokens to access short-term loans. Join the presale now to enjoy a 20% bonus and a chance to win a luxury holiday to the Maldives.
Find Out More About the Everlodge (ELDG) Presale
Website: http://www.everlodge.io/
Hot Take: Crypto Market Recovers, Cardano Struggles, Solana Gains Momentum, Everlodge Holds Bullish Position
The cryptocurrency market has seen a recent recovery, bringing relief to the crypto community. While most cryptocurrencies are making gains alongside Bitcoin, Cardano (ADA) continues to struggle due to selling pressure. On the other hand, Solana (SOL) has shown strength and climbed up the ranks as one of the top performers in the market.
Meanwhile, Everlodge remains confident in its bullish position during its presale. With its unique approach to property co-ownership and promising growth potential, Everlodge’s ELDG token is expected to experience a significant price surge in the coming days. Investors have the opportunity to join the presale and participate in this exciting venture while enjoying attractive bonuses and rewards.
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