Cosmos (ATOM), Bitcoin Cash (BCH), and Everlodge (ELDG) have been making headlines recently, but for different reasons. On the one hand, Cosmos is wrestling with persistent bearish trends while Bitcoin Cash rides a bullish wave. On the other hand, Everlodge, a new entrant in the crypto space, is soaring to astonishing heights. This article will delve into the factors influencing these tokens’ recent performances.
Cosmos decline continues amid low sentiment
Bitcoin Cash experiences rising momentum to trade in tandem with Bitcoin
Everlodge’s astounding growth continues, with early investors gearing up for a 40x return on investment.
Cosmos (ATOM): Decline Continues
Cosmos (ATOM) aims to offer a solution to slow, expensive, and unscalable proof-of-work protocols through an ecosystem of connected blockchains. Its goal includes making blockchain technology less complex and difficult for developers.
In recent times, Cosmos has been battling with the bears, evident in its decline. The shift in sentiment can be attributed to its downswing.
However, it has been demonstrating resilience amidst this persistent bearish pressure. If the bulls are able to hold their position, momentum will increase, which will push the price of Cosmos into an uptrend.
Bitcoin Cash (BCH): Rising Momentum
Bitcoin Cash (BCH) is a peer-to-peer DeFi crypto that aims to become sound global money. It intends to achieve this by offering fast payments, a larger block size, and privacy. Bitcoin Cash was born as a result of a hard fork in Bitcoin, which split the blockchain into two.
The Bitcoin hard fork, Bitcoin Cash, has been gathering significant attention of late, driven by positive market sentiment and the rise in the price of Bitcoin. With this momentum expected to be built on, the token might rally even stronger in the coming days.
However, the crypto market cannot be completely predicted. Nonetheless, the coming days will reveal what the market has in store for Bitcoin Cash.
Everlodge (ELDG): Astounding Growth for the Emerging Token
Amidst the fluctuation in the prices of Cosmos and Bitcoin Cash, Everlodge (ELDG) has maintained a bullish trajectory. This can be attributed to several factors, including its disruptive concept and robust ecosystem, which have sparked a frenzy within the crypto landscape.
This novel project aims to become a property marketplace on the blockchain. Additionally, its competitive edge centers around being the world’s first platform to combine fractional home ownership with timeshare and NFT. With this, it aims to democratize the real estate industry and allow ownership of luxury buildings for as little as $100.
Regarding how the property marketplace will work, luxury properties such as villas and hotels will be digitized and minted into NFTs. These NFTs will in turn be fragmented into bits, thereby allowing the purchase of smaller amounts. Meanwhile, the value of these property-backed NFTs will increase in tandem with real-world property.
Thanks to its disruptive nature, it has experienced massive support from the crypto community, which is actively participating in the presale. The presale, which is selling out fast, is currently in its second stage at $0.016. With this trajectory expected to be maintained, analysts expect a 40x rally in its price in 2023.
Find out more about the Everlodge (ELDG) Presale