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Polygon’s MATIC token has been struggling with the vagaries of strong turbulence since the beginning of the year, falling almost 18% before its recent recovery. On the other hand, Ethereum (ETH) remains focused on a new ATH (all-time high) threshold, waiting for potential price movements in the upcoming altcoin season, aiming for its price to surpass the $3,500 mark.
According to the sponsored content submitter, Everlodge (ELDG) has allegedly taken center stage by launching its native ELDG token on Uniswap in a bid to revolutionize NFTs and real estate investing. The project is new and its future is uncertain, and the investment carries the risk of loss.
MATIC On-Chain Metrics Increase, Gaining 11% Weekly Value
Since the beginning of the year, Polygon’s native MATIC token has faced difficulties in regaining the $1 threshold after falling below it in early 2024, experiencing an 18% decline since the beginning of the year.
However, Polygon, as a major Proof-of-Stake network, has recently experienced a notable increase in on-chain metrics, surpassing BNB Chain’s trading volume. In particular, Santiment’s analysis reveals that the notable increase was driven by an increase in addresses holding significant amounts of MATIC tokens, indicating strong investor confidence.
In contrast, the derivatives market shows that an increasing number of traders are betting on MATIC’s price decline, with short positions outpacing long positions in recent days. With all these developments, the MATIC token gained almost 12% on the weekly chart.
Ethereum Eyes $3,500 Threshold
At the beginning of the year, many altcoins struggled to gain momentum, suggesting moderate investor interest. In particular, leading altcoin Ethereum struggled to maintain its price above the support level; instead, he only achieved a less than 5% increase in his portfolio.
Fast forward to now, Ethereum has successfully formed a symmetrical triangle pattern and traded within this pattern for a significant period of time. The current ETH price is positioned near the resistance level and is ready to be tested with an unpredictable outcome.
Ethereum, which has set a primary goal of reclaiming the $3,500 mark within the year, is facing increasing market volatility despite recording a significant 15% increase last week alone. With the potential for an upcoming altcoin season, the price of Ethereum is expected to experience significant price movement soon.
ELDG Token Launched on Uniswap: New Era in Real Estate Investment
Everlodge (ELDG), a revolutionary real estate marketplace, is questioning whether its future will be successful or not, according to the sponsored content poster. By combining NFTs and real estate, they claim to offer investors the ability to co-own the multi-trillion-dollar global real estate market with a low initial investment of just $100.
Everlodge’s native token, ELDG, provides practical real-world use as the designated currency on the platform. The token, which had an initial price of $0.01 and reached $0.029 at the end of the pre-sale, is now claimed to be traded on Uniswap.
With the pre-sale phase over, Everlodge is claimed to have delivered an impressive 190% return on investment (ROI) for early token backers.
Click to review the Everlodge token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
