On the other hand, the demand for Polygon (MATIC) and Cardano (ADA) has declined. These two long-standing cryptocurrencies have been struggling to find their ground again.
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Polygon (MATIC) zkEVL Completes Five Months
Recently, Polygon (MATIC) zkEVM completed its five months with some ups and downs. Within a few months of its launch, the total value locked of Polygon (MATIC) zkEVM reached $56 million. At press time, the total number of unique addresses on the Polygon (MATIC) rollout was over 393 million, indicating a significant adoption rate.
However, in recent weeks, Polygon (MATIC) zkEVM has witnessed a significant drop in daily transaction count, leading to a decline in gas fees. Meanwhile, Polygon’s (MATIC) performance on the price chart has been abysmal. The trading price of Polygon (MATIC) has dropped by 25% in the past month, and currently hovers at $0.57.
Cardano’s (ADA) Price Falls Despite Rise In TVL
The Cardano (ADA) network has been posting a mixed performance lately. While Cardano (ADA) was able to rise in a few metrics, it has plunged in the others. For instance, the total value locked of Cardano (ADA) has witnessed a surge but its price has tumbled.
Recently, Cardano (ADA) highlighted that the TVL of the network has seen a growth of 347% year-to-date. Meanwhile, the market value of Cardano (ADA) has tumbled by around 14% in the past month. Currently, a Cardano (ADA) token is available to trade at $0.27. By market capitalization, Cardano (ADA) is in the 8th position.
Everlodge (ELDG) Presale Shatters Previous Success Records
The global hospitality industry is expected to reach $5.8 trillion in 2027 from the current number of $4.7 trillion. This indicates that the industry will grow at a CAGR of 5.5%. To make the industry accessible to all, a new Web3 platform has entered the market.
Everlodge, a revolutionary Web3 platform, aims to disrupt the hospitality industry with its one-of-a-kind business roadmap. The platform is a property marketplace that would allow users to invest fractionally in hotels, vacation homes, and other holiday real estate. It has combined vacation home ownership with NFT technology.
Everlodge will mint NFTs (non-fungible tokens) against luxury villas and hotels. Next, these NFTs get fractionalized, to allow small investors to become owners of luxury properties. These NFTs will be backed by real-world properties, so their value is expected to keep increasing.
The platform will have ELDG as its native crypto, and will come with many benefits for its holders. These benefits include staking rewards, holiday giveaways, discounts on property transactions and trading fees, and more. The presale phase of the tokens has started, with a starting price of just $0.01.
The project developers have announced that they will supply a total of 800 million tokens, of which 480 million will enter the market during the presale. Analysts say that the project’s value can increase by 280% during the presale round, and 30x during subsequent months.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge