Everlodge and Shiba Inu made headlines throughout August for very different reasons. In addition to its pre-sale success, Everlodge was also praised for its groundbreaking new app.
The Shiba Inu, on the other hand, was expected to recover after the introduction of Shibarium. However, enthusiasm for the project faded significantly after $1.6 million worth of Ethereum remained on the bridge following its launch. This caused the Shiba Inu’s value to plummet and the Everlodge to become the center of attention.
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Will Everlodge Continue to Outperform the Crypto Market?
The Everlodge presale is quickly becoming one of the most popular in the DeFi market. After two successful presale phases, Everlodge tokens rose 60% from $0.01 to $0.016. Now, the second phase of the Everlodge presale has become the fastest-selling item ever. So what got investors excited?
First of all, Everlodge is the first DeFi project to combine vacation home ownership with DeFi. Its unique marketplace will allow vacation home owners to sell their properties using NFTs. Instead of going through traditional routes, they will be able to mint their properties as NFTs and sell them to a large number of investors.
Each investor who purchases the NFT fraction will become a co-owner of the vacation property. For example, instead of one investor purchasing a $1 million property outright, 10 investors could purchase a 10% stake at $100,000 each. This helps reduce barriers to market entry while also reducing paperwork and other real estate complexities.
NFT holders can also use their NFTs as collateral for other small-scale loans. These loans can be used to purchase additional properties, allowing the investor to quickly build their portfolio.
Everlodge was successfully audited by InterFi Network and its team was verified by BlockAudit before the start of its pre-sale. This, along with locked liquidity and team tokens, is designed to give early investors peace of mind while avoiding distress.
Pre-sale experts believe Everlodge could rise 30x and become one of the top cryptocurrencies of 2023 in the process. Such returns, in addition to a number of lucrative token holder benefits, have earned Everlodge extremely high demand.
Shiba Inu Returns After Month of Falls
Shiba Inu (SHIB) suffered a devastating blow in August following an error during the launch of Shibarium. The new platform, designed to accelerate Shiba Inu adoption, suffered an error leaving $1.7 million worth of Ethereum on the bridge between the two blockchains.
Although the issue was quickly resolved, the bug was a major disruption to the Shiba Inu ecosystem. Before its launch, Shibarium was delayed several times and investors waited for the perfect launch.
However, Shibarium is now gaining traction. As of September, Shibarium has 1.1 million registered wallets and over 467 thousand blocks. Moreover, the value of Shiba Inu is also increasing.
While Shiba Inu and Everlodge compete, Everlodge looks like a more promising project. However, the Shiba Inu can still offer good returns for bullish investors, as its value will likely increase as its ecosystem continues to expand.
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