IOTA Estimated to Reach $0.3 Following Positive DLT News; Everlodge (ELDG) Attracts Diversified Investors

6:56 pm
December 2, 2023

The price of IOTA (IOTA) has surged above $0.28, marking its highest level since early October 2022. Additionally, the positive sentiment in the crypto market has led to growing interest in Everlodge (ELDG). As the bullish momentum is anticipated to drive up IOTA and other cryptocurrency prices, this presents an opportune moment to diversify investment portfolios.

Let’s examine the potential price performance of IOTA and why fractional investments on the blockchain are currently a trending strategy, with Everlodge poised to be a key player in the rapidly growing property investment sector.

IOTA’s Significant DLT Foundation Launch

IOTA (IOTA) functions as a distributed ledger, with its native coin serving as a unit of transaction. Although not based on blockchain technology, IOTA operates a peer-to-peer network and utilizes the Directed Acyclic Graph (DAG) technology in its Tangle distributed ledger.

Despite initial setbacks, recent positive developments have captured the attention of analysts and investors. Notably, the introduction of ShimmerEVM, an Ethereum-compatible blockchain supporting smart contracts, has widened the scope for deploying dApps on the mainnet.

On November 29, the IOTA Foundation announced the registration of the IOTA Ecosystem DLT Foundation as the first of its kind in Abu Dhabi. With a $100 million funding secured through native tokens, this initiative aims to foster the growth and adoption of IOTA in the Middle East and North Africa (MENA).

IOTA Price Projection – Potential Retest of $0.30

Although IOTA has retraced some gains and is trading around $0.23, it continues to remain above the crucial technical level of $0.20. This comes after a substantial surge of over 50% in its native token value.

Given the foundation’s intention to utilize IOTA tokens in its operations and ecosystem expansion efforts, the digital asset could face heightened buying pressure. Sustaining levels above $0.20 could pave the way for a retest of $0.30, with the first major resistance area at $0.36.

However, IOTA’s long-term trend remains on a downward trajectory. The coin’s value has not seen a bullish turn since plummeting from its peak of $2.00 in August 2021, with its all-time high at $5.25, achieved in December 2017.

Everlodge – Innovating Fractional Real Estate Investment on the Blockchain

The investment landscape is rapidly evolving, especially within blockchain technology. Everlodge is set to introduce the first property marketplace for fractional ownership of homes, hotels, and luxury villas to crypto investors.

By leveraging blockchain, timeshare, and non-fungible token (NFT) technology, the platform will bring the concept of “AirBnb”-style investment to Web3. For instance, luxury villas can be tokenized and fractionalized through NFTs, allowing for small-scale investments via the ELDG token.

Upon its launch, the project will encompass a marketplace, Launchpad, and lending platform.

Anticipated 280% Rise in Everlodge (ELDG) Price during Presale

The ambitious project by Everlodge presents a significant opportunity, considering the global real estate market’s valuation exceeding $280 trillion and the hospitality industry alone at over $4.5 trillion (as of 2022).

ELDG, an Ethereum-based token serving as the payment currency within the Everlodge ecosystem, will have a fixed supply of 800 million tokens. Token holders will be eligible for bonuses, trading fee discounts, and staking rewards. The project also aims to offer a comprehensive investment experience, as evidenced by the presale performance.

The presale, which initially launched at $0.01, has already witnessed a 150% surge to $0.025. It is projected to reach $0.035, potentially yielding a 280% return for early participants. It’s important to note that these gains are speculative until the project officially launches and investors can claim their tokens.

To learn more about Everlodge (ELDG), visit here.

Summary

IOTA has witnessed a surge in its value following positive developments such as the launch of the IOTA Ecosystem DLT Foundation with a $100 million funding. This has fueled optimism about IOTA’s future performance, with projections indicating a potential retest of $0.30. Concurrently, Everlodge is pioneering fractional real estate investments on the blockchain, offering an innovative approach to property ownership through blockchain technology and NFTs. The project’s presale has already demonstrated a significant price appreciation, indicating strong investor interest and potential for future growth.

FAQ

What is the significance of the IOTA Ecosystem DLT Foundation launch?

The establishment of the IOTA Ecosystem DLT Foundation is a noteworthy development as it signals IOTA’s expansion into the Middle East and North Africa (MENA) region with a substantial funding of $100 million. This initiative is expected to spur the adoption and growth of IOTA in the region, potentially impacting the token’s value and market performance.

How does Everlodge enable fractional real estate investment?

Everlodge leverages blockchain, timeshare, and non-fungible token (NFT) technology to tokenize and fractionalize properties, allowing small-scale investments in homes, hotels, and luxury villas. This innovative approach provides investors with the opportunity to participate in property ownership and access the real estate market through blockchain technology.


Share:

More in this category ...

11:58 am February 23, 2024

730K Investors Exit Despite Record $7B Inflows

Featured image for “730K Investors Exit Despite Record $7B Inflows”
10:49 am February 23, 2024

Tokenized Securities: Understanding the Impact on Traditional Financial Markets

7:08 am February 23, 2024

Enhance Your Technical Team’s Skills with Practical Technology Training

3:19 am February 23, 2024

Blockchain 101: An Essential Guide for Artists and Creators on Copyright Protection

3:05 am February 23, 2024

Binance Labs invests in EigenLayer restaking protocol Renzo

12:01 am February 23, 2024

Is Bitcoin’s Bullish Streak Sustainable?

Featured image for “Is Bitcoin’s Bullish Streak Sustainable?”
7:53 pm February 22, 2024

Paris Saint-Germain (PSG) Becomes First Football Club to Officially Validate a Blockchain

7:46 pm February 22, 2024

Innovations in Music Distribution: Understanding Decentralized Streaming Protocols

7:28 pm February 22, 2024

Operationalizing Ethical AI in Defense: A Holistic Approach

12:41 pm February 22, 2024

JasmyCoin rallies 295% as Bitcoin Dogs take the crypto stage by storm

12:14 pm February 22, 2024

The Future of Diamond Trading: Disrupting Traditional Channels with Blockchain

12:03 pm February 22, 2024

Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves

Featured image for “Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves”
7:50 am February 22, 2024

Polygon and StarkWare unveil Circle STARKs to streamline Zk Proofs

5:29 am February 22, 2024

Lido adds support for 1inch as withdrawal aggregator

4:44 am February 22, 2024

Unlocking the Value of Tokenized Data in Health Research and Analytics

12:05 am February 22, 2024

Is Ethereum Overvalued, Similar ‘To Meme Coins Like Shiba Inu’?

Featured image for “Is Ethereum Overvalued, Similar ‘To Meme Coins Like Shiba Inu’?”
10:17 pm February 21, 2024

Binance Introduces Portal (PORTAL) to Launchpool for Crypto Gaming

9:15 pm February 21, 2024

Smart Contracts and Blockchain: Transforming Sustainable Supply Chains

3:03 pm February 21, 2024

Brad Garlinghouse Optimistic about Ripple’s Future, Says Ripple Will Welcome XRP ETF

1:44 pm February 21, 2024

From Trust to Security: The Case for Decentralized Identity Management Systems

12:08 pm February 21, 2024

Render Token Surges 60% In a Month, Gains Traction with Investors

Featured image for “Render Token Surges 60% In a Month, Gains Traction with Investors”
8:29 am February 21, 2024

Climate change predictions: Anticipating and adapting to a warming world

7:51 am February 21, 2024

Starknet’s STRK sees volatile market debut following airdrop

6:14 am February 21, 2024

Securing the Food Supply: How Blockchain is Combating Counterfeit Products

12:39 am February 21, 2024

Analysts say $3k “a relatively small obstacle”

12:11 am February 21, 2024

Bitcoin Whales Steer Clear Of Significant Short Positions, Show Confidence In Price Surge

Featured image for “Bitcoin Whales Steer Clear Of Significant Short Positions, Show Confidence In Price Surge”
10:44 pm February 20, 2024

The Potential of Tokenized Derivatives: Unlocking New Opportunities for Investors

8:40 pm February 20, 2024

How IBM is using Real User Monitoring and DNS to deliver premium Global Server Load Balancing for business-critical applications 

5:27 pm February 20, 2024

Human Institute Teams Up with Polygon Labs and Animoca Brands to Introduce ZKP-Powered Palm Recognition Technology

3:16 pm February 20, 2024

The Future of E-Commerce: Unleashing the Potential of Blockchain Technology