Liquid restaking protocols have surged past $3.5 billion in total value locked (TVL). Protocols like Etherfi, Renzo, Kelp, Puffer and Bedrock saw the most significant deposits, and as a result, interest in cryptocurrencies that can be staked has increased.
Some of the most notable staking altcoins include Cardano (ADA) and NEAR Protocol (NEAR), both of which experienced a price upswing. Yet, the most significant attention has gone towards Everlodge (ELDG), and today, we will go over each crypto’s performance to determine which one can come out on top.
Cardano (ADA) Climbs 55% – How Far Can It Reach in 2024?
Cardano (ADA) is moving upwards in value and could soon reach new heights, fueled by the overall surge in TVL activity. Specifically, during the past year, the Cardano price has seen a total upswing of 55%.
In addition, the Cardano crypto has seen an influx of new holders, which could result in an upswing, and just during the past week it climbed 15%, from $0.53 to $0.63. According to the Cardano price prediction, it will end Q4 of the year at $0.9102.
NEAR Protocol (NEAR) Spiked by 26.3% and Can Reach $5.19
NEAR Protocol (NEAR) has also experienced a notable upswing in the past trading sessions which has led to massive accumulation. The NEAR Protocol price has showcased a bullish pattern as it moved up by 26.3% during the past week alone.
Moreover, the NEAR Protocol crypto could soon experience an even further upswing which would propel it to new gains, ultimately resulting in a massive upswing in its value. According to the NEAR Protocol price prediction, it will end the year at a value of $5.19.
Everlodge (ELDG) Stakers to Get Passive Income Opportunity and Can Diversify With NFTs
Everlodge (ELDG) has seen massive success with its presale and is considered to be one of the best DeFi coins as it has already provided early investors with 190% in ROI. However, analysts are bullish on its future and project a 100x upswing in Q1 after its recent Uniswap listing and other top tier-1 exchange.
This is because the project can solve key issues in the real estate industry, such as liquidity and transparency. It will do so through minting properties as NFTs, then fractionalizing them into smaller pieces, where each piece is worth just $100. Through this approach anyone will be able to afford and even diversify their holdings with ease. As a result, it presents a top NFT accumulation opportunity.
Users who stake their ELDG tokens can get fixed monthly interest for passive income as-well. Each property will increase alongside the value appreciation of the property, and if it’s a rental property, users can get passive income. There’s even a Rewards Club where anyone can get free nightly stays and can choose to resell them.
Summary
While both Cardano and NEAR Protocol can be staked, and have seen a significant upswing in their value, the next 100x project is Everlodge. As a result, it picked up the most significant attention, and is seen as one of the best DeFi coins to get.
For more information about Everlodge (ELDG) please visit their website.
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