Cardano (ADA) and Solana (SOL) have had problems in the market. But even with all the ups and downs, a new player, Everlodge, is making a name for itself with its unique way of investing in vacation rentals.
Cardano’s (ADA) TVL Falls, Price Drops as Critics Call It a “Zombie Chain”
Cardano (ADA) has hit a rough patch. Critics have pointed to a decline in Cardano’s (ADA) Total Value Locked (TVL), a key metric for the health of blockchain ecosystems. Evan Van Ness, a notable Ethereum advocate, has criticized Cardano (ADA), labeling it a “zombie chain.” This isn’t the first time Van Ness has taken aim at Cardano (ADA); almost a year ago, he highlighted the project’s lack of transactions.
Currently, Cardano’s (ADA) TVL stands at $161.72 million, marking a 9.83% drop over the past month. Additionally, active addresses have dwindled to 639,000 from a peak of over a million in mid-June. These indicators suggest a challenging phase for Cardano (ADA). Additionally, Cardano’s (ADA) price hovers at $0.2595, experiencing a 1.70% drop in the last 24 hours, and a 4.90% decrease from its 7-day high of $0.2729.
Solana (SOL) Labs Introduces Plugin to Boost User Experience
Solana (SOL) is also facing difficulty in current market conditions. Although Solana (SOL) earns a neutral rating from InvestorsObserver, its price has dipped by 1.92% to $20.31, while the broader crypto market faces a decline of 0.68%. Despite this setback, Solana (SOL) Labs has introduced a plugin for ChatGPT, aiming to enhance user experience within the Solana (SOL) ecosystem.
Despite the short-term dip, Solana’s (SOL) overall performance remains reasonable. Solana (SOL) stands 7.63% below its recent high, and 2.91% higher than its low, over the past five days. However, Solana (SOL) has lost 92.20% of its value from the all-time high of $260.06.
Everlodge (ELDG) Lets You Invest in Vacation Homes for Just $100
Everlodge is a new and exciting player in the world of digital money. It’s changing how people invest in vacation homes, making it possible for more people to invest in real estate. You can start with just $100, and own a part of a vacation property. Thus, you earn money when the property is rented out.
Additionally, fractional ownership is a growing trend in the vacation rental market. The cost of fractional ownership can range from $50,000 to $500,000, but Everlodge will allow you to start with just $100. Moreover, the platform will use NFTs to represent fractional ownership interests in vacation homes.
Additionally, Everlodge has four important parts: Marketplace, Launchpad, Lending, and Rewards. Firstly, the Marketplace will let people trade parts of vacation homes using special digital items called NFTs. Secondly, the Launchpad will help people, who build homes, get money from the community.
Thirdly, the Lending platform will give out loans with low interest, using NFTs and real estate as security. Finally, Rewards will give perks to people who have ELDG tokens. These perks include free stays at vacation homes, and an opportunity to earn money.
Currently, ELDG tokens are being traded for $0.012 each. In the first stage of token sale, the project has sold over 27 million tokens.
Find out more about the Everlodge (ELDG) Presale
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