Exploring Crypto Frontiers: Polygon’s (MATIC) Downturn, Ethereum's (ETH) New ATH Aspiration, and Everlodge's (ELDG) Token Launch

Exploring Crypto Frontiers: Polygon’s (MATIC) Downturn, Ethereum's (ETH) New ATH Aspiration, and Everlodge's (ELDG) Token Launch

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Polygon's MATIC token has been grappling with the whims of strong turbulence since the start of the year, experiencing almost 18% decline before its recent recovery. Ethereum (ETH), on the other hand, has set its sights on a new ATH threshold, anticipating potential price action in the upcoming altcoin season that could see it blitz past the $3,500 price mark.

Meanwhile, Everlodge (ELDG) takes center stage, launching its native ELDG token on Uniswapin an attempt to revolutionize NFTs and real estate investment. Read on for a comprehensive exploration of these top crypto coins shaping the future of the crypto landscape.

MATIC On-Chain Metrics Surge, Records 11% Weekly Appreciation

Since the start of the year, Polygon's native MATIC token has encountered difficulties in reclaiming grounds above the $1 threshold after falling below it in early 2024, experiencing an 18% decline since the start of the year.

However, Polygon, a prominent Proof-of-Stake network, has recently experienced a notable increase in its on-chain metrics, surpassing BNB Chain's transaction volume. Particularly, Santiment's analysis sheds light that the notable increase is due to a surge in addresses holding significant amounts of MATIC token, indicating strong investor confidence.

In contrast, the derivatives market reveals a growing number of traders betting on MATIC's price drop, with short positions surpassing long positions in recent days. With all these developments, MATIC token has shown nearly 12% appreciation on the weekly chart.

Ethereum Sets Sights on $3,500 Threshold

At the start of the year, several altcoins faced challenges in gaining momentum which suggested a tepid investor interest. Notably, the leading altcoin, Ethereum, struggled to maintain its price above the support level; instead, it only achieved a modest increase of less than 5% in its portfolio.

Fast forward to now, Ethereum has successfully formed a symmetric triangle pattern and has been trading within it for a considerable period. The current ETH price is in close proximity toits resistance level, poised to undergo testing with an unpredictable outcome.

Setting a primary objective to reclaim the $3,500 mark within the year, Ethereum faces increasing market volatility even though it has registered a significant 15% increase in the past week alone. With the potential for an upcoming altcoin season, Ethereum's price is anticipated to witness substantial price action soon.

ELDG Token Launches on Uniswap: New Era in Real Estate Investment

Everlodge (ELDG), a groundbreaking real estate marketplace has captured the attention of investors with its extraordinary growth. Serving as a convergence of NFTs and real estate, it presents investors with a straightforward entry into the multi-trillion dollars global real estate market.

Essentially, Everlodge functions as a blockchain-based platform that transforms high-end properties, including vacation homes, hotels, and luxurious villas into NFTs, thereby enabling investors to co-own with a starting investment as low as $100. Furthermore, investors can buy and sell within the ecosystem, while developers can secure funding for upcoming projects.

The Everlodge native token ELDG, serving as the designated currency on the platform, ensures practical utility within the real world. Starting at an initial price of $0.01 and reaching $0.029 at the end of the presale, the token is now available for trading on Uniswap.

With the conclusion of the presale phase, Everlodge has delivered an impressive 190% return on investment (ROI) for early token supporters. Analysts anticipate more ROI following its launch considering it offers more tangible potential than the average crypto project out there.

For more information about Everlodge (ELDG) please visit their website.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.


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