Why Ethereum (ETH) and Solana (SOL)'s Big Fish are Making Waves in Everlodge (ELDG)'s $82B Ocean

The crypto big fish are heavily positioned in Ethereum (ETH) and Solana (SOL) as they go head-to-head to become the top smart contract platform. But with Everlodge transforming a $82b market, holders of the two assets are moving to the potentially better investment, especially with the ELDG price surging by 170% during the presale event. Let's look at this new entrant and its impact on the market.

Everlodge (ELDG): Digitizing the Global Vacation Rental Market for Huge Returns

Everlodge uses NFTs and blockchain technology to offer fractional ownership of holiday residences. This provides investors with the opportunity to earn passive income and capital gains by owning a piece of property in popular tourist destinations. 

With the global vacation rental market estimated to be worth 82.63 billion in 2022, Everlodge has a huge market to tap into. It's easy to see why some of Ethereum and Solana's earliest investors are now shifting their focus to this new project.

Everlodge is creating a whole ecosystem of features to support the innovative model, and one of the most exciting is the Rewards Club. This exclusive club offers free stays at Everlodge's extensive properties similar to timeshares. Members receive a certain number of free nights each year that can be used or traded on the marketplace. 

We're thrilled to announce that our website just got a makeover! 💻

Check out the fresh look and discover the NEW features we've added. It's all about making your experience even better!

Plus, remember that our Presale is still ON.

Explore now: https://t.co/SIYWBylwQD#RWA pic.twitter.com/aTuT8x7z36

— Everlodge (@EverlodgeHQ) October 23, 2023

The ELDG sits at the center of the ecosystem by facilitating transactions for booking stays and trading properties on the platform. The token also serves as a governance token, as well as offering passive income returns and discounts to those who stake the token. Such utility makes ELDG a valuable asset to hold for long-term investors.

ELDG tokens are available for purchase at $0.027 in the eighth presale phase after a 170% surge since the event started. The price increases with the start of each phase, so early investors have a higher chance of making significant gains. 

Experts predict that ELDG will experience a staggering 30-fold surge on launch day. This forecast is based on the current presale momentum, the size of the $82B global vacation property market, and the innovative features of Everlodge. 

For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.

Catalysts for Ethereum (ETH)'s Growth

Hundreds of competitors have challenged Ethereum, but it remains the undisputed king of smart contract technology in terms of market cap ($270b) and TVL ($28.50b). The developer community is vast, and the platform has become a go-to for building decentralized applications (dApps). 

However, Ethereum has been outperformed by Bitcoin this year as the latter looks ready to be accepted into the mainstream. The chart shows Ethereum was priced at 0.077 BTC on January 1st but now is trading at a mere 0.0563 BTC — the lowest price since July 2022.

However, it's not all bad news for Ethereum holders. Blackrock and other institutional players have applied for spot Ethereum ETFs to be accepted by the SEC. This could catalyze ETH to break its all-time high and start a new bull run. There is also the upcoming EIP-4844 update, which introduces danksharding for improved scalability and lower gas fees. 

Still, many Ethereum holders are switching to newer projects with a higher reward potential. Breaking the $2,500 resistance could result in a fresh bull run toward the $10,000 level, but a 4x return is not exciting to all investors. With Everlodge predicted to surge by 100x when it hits exchanges, some see it as a more promising investment opportunity.

Solana (SOL) Price Prediction 2024

Solana is on Ethereum's tail as the #1 platform for developers to build decentralized applications and protocols. This is evidenced by 50% more people viewing the SolDev developer courses than just two months ago. Additionally, Solana recently surpassed 50 million daily transactions, with over $200b moved on-chain during November.

Solana holders believe it may become the top layer-one platform for decentralized finance (DeFi) and non-fungible tokens (NFTs). Its super-fast transaction speeds that don't rely on layer-2 infrastructure make Solana an obvious choice for developers looking to build scalable and efficient decentralized applications.

But just how much further can the price of Solana go? The SOL token was valued at just $8 in January but peaked at $77 this month. A 10x increase from the current price of $69.40 would represent a Solana market cap of $290 billion. 

While such a high market cap is possible if Solana can secure billions in TVL and actually rival Ethereum as the go-to platform for DeFi and NFTs, it is far from guaranteed. Some Solana whales are taking profits from the 862% rally and jumping into the Everlodge presale to ride another wave of growth potentially.