TRON (TRX) And Everlodge (ELDG), What Do The Charts Tell Us?

Following a nasty wick to the downside and more than $300 million in liquidations, investors are searching for tokens that ignored the market-wide downturn or recovered fast. These tokens will go on to be overperformers in the 2024/ 2025 bull market.

What do the chart tell us? Tron (TRX) and Everlodge (ELDG) continue gaining, ignoring broader market fear. Experts predict they will be altcoins that will significantly outperform the markets next year.

Tron (TRX) A Profitable Layer One

Tron has joined Ethereum (ETH) becoming one of only two profitable layer one blockchains. What does this mean? Instead of being subsidized with investor capital driving up the token price, transaction fees alone from the network are sufficient to pay validators. But what is driving this enormous demand for $TRX? Tron has more $USDT on it than any other blockchain.

Thanks to the incredibly low cost and speed of its transactions, this delegated proof of stake network has become the central blockchain for moving money around globally. Tron is a lifeline to millions of people in developing economies worldwide, facilitating access to dollars to help escape inflation via stablecoins and allowing many without access to traditional financial services.

Price predictions forecast Tron trading above $0.2289 in 2024, and with a growing user base, there will always be demand for $TRX- the native token required to transact on the blockchain.

Everlodge (ELDG) Introducing NFTs to a $280 Trillion Market

Everlodge pioneers a fresh approach to real estate ownership. Through a process of digitizing and fractionalizing hotels and vacation homes, Everlodge provides the broadest market access to date for short-term/ vacation rentals. Instead of going through the convoluted and typical process of purchasing a property, users will be able to visit the marketplace and purchase an NFT.

This NFT will represent fractional ownership in a real-world property, and when the property price appreciates, the value of the NFT will also climb. Instead of finding expensive financing and seeing thousands of properties investors will be able to select from a collection of properties- all vetted and checked by Everlodge- and then purchase an NFT on-chain. 

Additionally, the benefits of creating NFTs include the ability to collateralize these on-chain assets for loan access. The beauty of Everlodge is the simplicity and accessibility it will drive for real estate markets. An industry worth more than $280 trillion.

Early holders of $ELDG will be the real winners as properties come on-chain and investors follow them. All users wanting to purchase NFTs on the Everlodge marketplace will require $ELDG- an enormous pending source of buy pressure. Analysts forecast it will rally 30X on launch day.

Already up 170% since the beginning of its presale, thanks to its dynamic pricing model, this real-estate-focused token looks to be one of 2023’s best buys. Participate in the presale today and get in early!

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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