IOTA (IOTA) is a distributed ledger, whose native coin is used as a unit of transaction. With bullish momentum likely to push IOTA and other crypto prices higher, is this the time to diversify portfolios? Here’s a look at IOTA’s potential price performance as well as why fractional investments on the blockchain are one of the hottest trends today – with Everlodge (ELDG) positioned to be the main player in the fast-rising property investment sector.
IOTA’s key DLT Foundation launch
The IOTA Foundation recently announced it had secured registration for an ecosystem foundation. The IOTA Ecosystem DLT Foundation is the first of its kind in Abu Dhabi and will support growth and adoption of IOTA in the Middle East and North Africa (MENA). This venture is to be powered by a $100 million funding paid for in the native tokens.
IOTA price prediction – can bulls retest $0.30?
IOTA has pared some of the gains seen on Wednesday, trading to around $0.23. However, the native token of the permissionless distributed ledger technology platform remains above the key technical level of $0.20 after printing vertical gains of over 50%. With the foundation set to use IOTA tokens in its operations and quest to grow the DLT ecosystem, the likely scenario has the digital asset coming under increased buying pressure.
If bulls hold above $0.20, a rebound to intraday highs could set this token perfectly for a retest of $0.30. Above this, the first major resistance area could be at $0.36, a rejection point in June and August 2022.
Everlodge – fractional real estate investment on the blockchain
The world of investment is growing fast, and one of the most exciting opportunities is in the realm of blockchain technology. Everlodge seeks to bring this reality to crypto investors with the first property marketplace for fractional ownership of homes, hotels and luxury villas. Leveraging blockchain, timeshare and non-fungible token (NFT) technology, this platform brings “AirBnb”-style investment onto Web3.
For instance, a luxury villa in an upmarket location can be digitized, with titles and deeds secured on the blockchain via smart contracts. Then an NFT of the property is minted and fractionalized to allow small purchases for investors. These will be possible via the ELDG token. When this project launches, it will include a marketplace, Launchpad, and lending platform.
Everlodge (ELDG) price projected to rise 280% during presale
Everlodge’s innovative project could be a massive opportunity with the global real estate market estimated at over $280 trillion and the hospitality industry alone at more than $4.5 trillion (as of 2022). ELDG is an Ethereum-based token that will be the payment currency of the Everlodge ecosystem. It will have a total fixed supply of 800 million tokens.
There will be a total of 480 million tokens on offer in the presale, with the fundraising target at $12 million. Having launched with the initial price of $0.01, the value of the token has increased 150% to $0.025. This price is projected to reach $0.035, potentially offering 280% in returns to early birds.
In conclusion, IOTA and Everlodge are two exciting projects that offer investors interesting opportunities. IOTA’s key DLT Foundation launch could be a catalyst for bulls to push the price towards $0.30, while Everlodge is set to revolutionize the way people invest in real estate. With fractional investments on the blockchain becoming one of the hottest trends today, now could be the perfect time to diversify portfolios.