Dogecoin Grapple With $0.1 While Experts Predict Price Surge For Everlodge

A new cryptocurrency project, Everlodge (ELDG) has sparked widespread interest due to its novel use case. Everlodge (ELDG) is creating a blockchain-based property marketplace to allow anyone to invest in hotels, vacation houses, and luxury villas on a fractional basis.

Everlodge combines fractional ownership into its structure because most investors are unable to acquire these types of luxury properties. The titles, deeds, and ownership details of the luxury properties will be digitized and minted into fractional non-fungible tokens (NFTs).

Investors can then purchase a fraction of these luxury residences for as little as $100 because fractional NFTs can be split. The price of the NFT rises in tandem with the market value of these properties. Holders of these NFTs additionally receive benefits such as booking discounts and holiday freebies on vacation homes.

In addition, these property-backed NFTs can be used as collateral for short to medium-term loans. Everlodge hopes to disrupt the timeshare sector with its hybrid property co-ownership concept, which allows investors to spend as little as $100 on vacation homes.

As this project has more utility than Dogecoin, crypto experts are more optimistic about Everlodge’s market potential. An ELDG coin currently costs $0.01 in its beta presale stage. However, cryptocurrency experts estimate that the token’s value will increase above $0.2 before the year ends.