New Altcoin Rises 170%, Will It Mirror Top Cryptos Fantom And Polkadot

Fantom and Polkadot have become top performing cryptocurrencies in 2023. Both projects have grown their ecosystems, offering strong returns for investors who held their tokens. Now Fantom and Polkadot are being challenged by a new altcoin that’s already seen returns of 170% during its presale. With additional returns expected before the end of the year, experts believe the project could mirror the success of Fantom and Polkadot.

Fantom Price Rallies By 66% In 2023

Fantom recently helped launch the Sonic Labs accelerator program, a scheme designed to support new projects with a share in a 1,000,000 FTM grant pool. This initiative is expected to help new developments within the Fantom ecosystem, thus driving up the project value in the future.

Over the last month Fantom’s value has increased by 16%, taking Fantom’s annual growth to 66%. The project is now trading at $0.3854, and experts believe that Fantom could hit $0.4 by the end of December.

Polkadot Ends Q4 With Strong New Partnerships

Polkadot has made several key developments in Q4, including new partnerships that could take the project to the next level. Polkadot recently partnered with several large organizations. These include NTT Docomo, a telecommunications company based in Japan, and Aster, one of the fastest-growing decentralized platforms.

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Both partnerships were formed with the intention of expanding Polkadot’s adoption, and have helped to drive up the value of DOT.

In addition to the new partnership, Polkadot also introduced nomination pools. This innovative feature makes Polkadot staking more accessible, while simultaneously enhancing the level of decentralization on the Polkadot network. Instead of needing to run a full validator node, investors will now be able to pool their DOT tokens with other investors to earn staking rewards.

Though still in their early phases, these developments have driven up Polkadot’s value by 25% in the last month. Polkadot is now trading at $7.19, and experts believe that it could reach $7.50 in December should its current growth rate continue.

Is This Project The Next Big Thing In DeFi?

Having already increased in value by 170% during its presale, DeFi experts now believe that Everlodge could be the moonshot crypto project everyone’s waiting for. Everlodge is the world’s first DeFi marketplace designed for travel properties. Using the marketplace, investors can fractionally invest in some of the world’s best properties, needing no more than $100 to get started.

To begin, an individual looking to sell their property will mint it as a fractionalized NFT. This will then be advertised on the Everlodge marketplace, and investors will be able to purchase NFT fractions. Based on the amount of an NFT they own, investors will generate an income, much like traditional property ownership. Furthermore, should the property appreciate in value, the value of the NFT will also increase.

This unique new DeFi application overhauls an outdated market surrounded by red tape. Instead of needing to fly to another country and pass numerous checks, investors can simply sign up and invest.

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Plus, remember that our Presale is still ON.

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— Everlodge (@EverlodgeHQ) October 23, 2023

The Everlodge presale is currently in full swing. Since it started, ELDG tokens are up 170%, and are now trading at $0.027 per token. Investors who buy during the Everlodge presale will be granted access to the project’s exclusive members club, where they’ll earn free stays at properties throughout the Everlodge ecosystem.

With such a unique application, experts believe that Everlodge could easily mirror the success of Fantom and Polkadot, which has made Everlodge an extremely popular investment in Q4.

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