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Monday, May 6, 2024

Polkadot (DOT) and Polygon (MATIC) Plummet as Everlodge (ELDG) Raises $347K

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Polkadot (DOT) Classified as a Security, Price Takes a Nosedive

Polkadot (DOT) got the spotlight when the SEC called it security. The unexpected event
harmed the price of Polkadot (DOT). The past week alone saw a decline of 8.13% in
Polkadot (DOT) price. But, it is now resting at $4.60. This large drop pushes Polkadot (DOT) 91.63% below its all-time high of $55.

The Polkadot’s (DOT) security tag breaches its short-term range formation. In fact, Polkadot (DOT) is now below its lowest level, reaching $4.2. This highlights the volatility around Polkadot (DOT). Thus, Polkadot’s (DOT) future remains uncertain.

Polygon (MATIC) Unveils Ambitious Plan to Build Polygon 2.0

Polygon (MATIC) has plans for Polygon 2.0. It’s a network aiming to enhance the platform’s scalability. It’s use zk-powered layer-2 solutions. But, Polygon (MATIC) prices continue to decline.

With a market cap of $5.8 billion, and a 24-hour trading volume of $329.7 million, Polygon
(MATIC) is facing a downward trend. Further, Polygon (MATIC) fell 17.88% in the past week, and 4.26% in the last 24 hours. Currently, it’s trading at $0.62 per token. It’s 78.73% below its all-time high of $2.92.

Additionally, Polygon 2.0 facilitates fast and secure cross-chain connection of off-chain
networks. But, it didn’t improve Polygon (MATIC) prices. Polygon (MATIC) now sits at 2023
lows.

While the development of Polygon 2.0 progresses, Polygon (MATIC) future remains
uncertain. Furthermore, Polygon (MATIC) price drop adds to the concerns around the
crypto market.

Everlodge (ELDG) provides easy entry to the real estate industry

Owning a property seemed impossible for a lot of mid-level investors until Everlodge. It’s  a
special blockchain-based marketplace. It lets regular people co-own fancy vacation homes,
and hotels.

Everlodge mints NFTs that represent high-end properties. These NFTs divide into smaller
fractions. Moreover, these NFTs pricing correlates with the real estate’s value. Satista says
that the NFT market may reach $1,601 million in 2023. Thus, the project can be a great
investment opportunity for people.

Furthermore, the platform’s NFT owners can secure short to medium-term loans. But, they
need to put their holdings as collateral. Additionally, the platform’s roadmap includes the Launchpad release. Here, developers can raise funds for their upcoming ventures. Thus, users can invest in projects early to gain a higher return on investment (ROI).

The presale’s Beta phase is ongoing, offering ELDG tokens for $0.01 each. Further, the platform wants to raise $12 million in presale funds. Moreover, the project’s market valuation can surge 280% throughout the presale round. Hence, sign up early to grab these benefits.

Find out more about the Everlodge (ELDG) Presale

Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge

ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.

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