Polkadot and Axie Infinity Are Stuck In A Bearish Cycle While Everlodge Set For Meteoric Rise

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The presale of Everlodge has emerged as a highly profitable investment option in 2023. Therefore, investors are overwhelmingly investing in this new project, and locking its presale tokens.

In fact, holders of Polkadot (DOT) and Axie Infinity (AXS) have also been shedding their tokens to add this new project to their investment portfolio.

Join the Everlodge presale and win a luxury holiday to the Maldives

Lido Finance Ends Staking Services For Polkadot (DOT)

The latest announcement by Lido Finance has caused panic in the Polkadot (DOT) community. Recently, Lido Finance stated that it will withdraw all staking services for Polkadot (DOT). This has made investors worried about Polkadot (DOT). Therefore, Polkadot’s (DOT) market value has moved downward despite witnessing network growth.

The trading price of Polkadot (DOT) has declined by more than 5% over the past 30 days. As a result, the market value of Polkadot (DOT) has plummeted to $5.00. Earlier, the data from Santiment showed that Polkadot (DOT) has topped the list of crypto projects with the most development activity. But this has failed to support the price of Polkadot (DOT).

Axie Infinity (AXS) Suffers From High Selling Pressure

The latest data from Santiment has revealed that the total AXS supply held by top Axie Infinity addresses has plummeted by 6% over the last year. According to experts, the growing bearish sentiments around Axie Infinity (AXS) have been the primary reason behind the decline in whale transactions.

LunarCrush’s data shows that bearish sentiments around Axie Infinity (AXS) have intensified by a staggering 86% in the past year. Development activity on Axie Infinity (AXS) has also plunged during this period. Moreover, the number of new Axie Infinity (AXS) wallet addresses has plunged from 345 on July 21, to just 75 on August 2.

Meanwhile, the market value of Axie Infinity (AXS) has fallen by 7% in the past seven days. Thus, the current trading price of Axie Infinity (AXS) has declined to $5.88.

Everlodge Presale Accelerates Its Growth

Everlodge has disrupted the real estate industry by unveiling a new Web3 platform for the holiday real estate industry. Reportedly, the global vacation rental market size is likely to grow at a CAGR of 4.7%. Hence, experts are confident about the enormous growth of this new project.

Everlodge will allow people to own vacation homes and luxury hotels for as low as $100. The platform will mint non-fungible tokens against real estate properties, and fractionalize them. To ensure the authenticity of these NFTs, all the details of the property, including ownership, titles, and deeds, will be stored in the metadata of the smart contract.

The value of these NFTs will be linked to the property against which they will be minted. Hence, their value will increase over time. The platform’s eco consists of four elements: Marketplace, Launchpad, Rewards Club, and Lending.

ELDG tokens will fuel the eco of the platform. There are many benefits for the token owners, including discounts on trading fees, staking rewards, and free nightly stays in luxurious hotels and villas that partner with the platform. Also, the platform has noted that its liquidity pool will stay locked for 8 years, and team tokens for 2 years.

The presale of the platform has started, and a token is currently available at just $0.01. However, the market price of the project is likely to jump by 280% during the presale round and 30x after the launch.

Find out more about the Everlodge (ELDG) Presale
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