Analysts Suggest Vechain (VET) and Everlodge (ELDG) Could Outperform Solana (SOL) in 2024
The post Analysts Suggest Vechain (VET) and Everlodge (ELDG) Could Outperform Solana (SOL) in 2024 appeared first on Coinpedia Fintech News
Analysts are now predicting that Vechain (VET) and the newly introduced Everlodge (ELDG) could potentially outperform Solana (SOL) as we head into 2024. Interestingly, Everlodge is still in its presale phase, allowing early investors to join a project that could reshape a trillion-dollar industry. Let’s unpack the reasons behind this prediction and explore what these projects offer.
Everlodge (ELDG)’s 190% Presale Surge
Everlodge is set to transform the $280 trillion real estate sector with its innovative decentralized finance (DeFi) platform, aimed at bringing property transactions onto the blockchain. The Everlodge platform includes several key components:
- Marketplace: Users can buy, sell, and invest in fractional real estate on the blockchain, enabling them to co-own luxury properties and potentially earn passive income.
- Launchpad: This feature allows property developers to raise capital for new projects from the Everlodge community, offering users early investment opportunities and potentially higher returns on investment.
- Rewards Club: Similar to a timeshare, members of the Everlodge ecosystem can earn free nightly stays in properties, with the flexibility to use or resell these for passive income.
- Lending: Users who co-own properties through Everlodge can use their NFTs as collateral to secure short to medium-term loans.
The ELDG token is not just a digital asset but a crucial part of the platform, offering token holders a range of benefits like discounted fees, exclusive hotel deals, and rewards from staking as Everlodge grows.
The ELDG token has already seen a 190% surge since the presale began, and market analysts forecast a 30x increase in value upon launch. This bullish prediction is based on Everlodge’s unique proposition in a trillion-dollar industry ripe for disruption.
Can Solana (SOL) Reach $500 In 2024?
Solana (SOL) rallied more than 1,200% this year to a recent peak of $120. The catalyst behind this remarkable rally is Solana’s rise from the ashes to challenge Ethereum’s dominance across the DeFi and NFT landscape.
Solana was previously dismissed as a “centralized chain” and “Sam Bankman-Fried’s playground,” but its recent success has turned skeptics into believers. Solana DEX volume has surpassed Ethereum, the TVL has risen to $1.33 billion, and Solana NFT volume is over $330 million.
So, why do analysts think Vechain and Everlodge could potentially outperform Solana in 2024? Solana now has an FDV (fully diluted valuation) of $54 billion, and with Solana already growing 12x in one year, analysts expect a rotation into other projects.
Analysts are still confident that Solana will push the envelope in DeFi, but Everlodge may reward early investors with even higher returns. Everlodge’s integration of NFTs into real estate and its low market cap of $23.20 million gives it potential for massive growth in the coming years.
The Potential of Vechain (VET) In 2024
VeChain’s release of the VeChain Thor Mainnet in 2018 marked the beginning of its rapid ascent in the crypto market. The layer-1 project is best known for its supply chain management solutions and sponsorship of the UFC.
As the enterprise world becomes increasingly interested in sustainable blockchain technology, VeChain is well-positioned to capture a significant market share. The strategic partnership with DNV GL has already resulted in VeChain being used by H&M, PwC, and Walmart China.
In a Twitter post on January 8th, VeChain noted that the blockchain’s energy consumption is just 0.04% of the other leading blockchains. This sustainable approach, highlighted throughout the 3.0 whitepaper, could attract environmentally conscious enterprises in the coming years.
Vechain is now priced at $0.030 after rallying 100% from early September. This price gain is an encouraging sign that Vechain is back on a bullish trend. As of this writing, VeChain has an FDV (fully diluted valuation) of $2.5 billion, so it’s still relatively small compared to Solana.
But what about the Vechain chart? Analysts note that crossing the $0.038 – $0.040 level should see Vechain rise to $0.060 within weeks. A further break here would signal that Vechain is ready to test its all-time high of $0.280.
