Could Aave (AAVE) Crypto and Everlodge (ELDG) Beat Cardano (ADA) in 2024?
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/Everlodge/ – AAVE is expected to grow, but if there are no new partnerships, it’s unlikely it could overtake Cardano. At the same time, a new AirBnB of crypto is expected to surge.
AAVE Has Big Whale Interest
AAVE experienced a 1.99% gain today and a good 12.55% gain this week. This marks 2023 with an 86.96% gain. The top 150 wallets in the crypto market hold the most AAVE. Santiment published this is the highest amount since July. Whale AAVE holdings are growing as they have 3% more AAVE than in November.
This shows a big whale interest in the asset. Although whale interest has increased, the number of daily active addresses has decreased. It seems accumulation has slowed as well. Technical analysis shows a strong buy signal on both oscillators and moving averages. However, with all this in mind, it’s unlikely Aave would outperform Cardano on its own.
Investors Are Optimistic About Cardano (ADA)
Cardano fell 3.64% this week and gained 3.53% today. The year growth is 131.91%, while the month is 53.54% at $0.60. Investor James Appleton claims that under prime conditions, Cardano could hit $32 in 2024. This would be an incredible rise of over 5000%.
There’s currently $407 million locked in Cardano. Moving averages are showing a strong buy while the oscillators are neutral. As we can see, the market seems very optimistic about Cardano. Some expect it only to reach its all-time high at around ~$3. This would still be a remarkable feat—growing over 500%.
Everlodge (ELDG) Is Expected To Surge x30
The tokenization of real estate has been a subject of debate for a long time. Everlodge is doing just that. It’s fractionalizing real estate and putting it on the blockchain. Properties are minted into NFTs and sold in fractions on an open market. Buyers earn passive income from rent, proportional to their ownership percentage. Since the real estate market is $280 million, there’s huge growth potential.
Many users inside and outside crypto would like to make steady passive income from real estate, but they can’t afford a whole home, hotel, or even an apartment. This way, people can purchase only a fraction of the property and still earn passive yield. When the ever-inflating real estate market grows more, so does the property’s value (NFT), and the best part is, it’s liquid!
Imagine owning real estate, but when you need money, you only sell 1/10th of your house. Impossible? Well, not anymore. You own fractions of property and get income according to the percentage of ownership. Therefore, you’re able to sell fractions on the open market. These fractions of ownership are also collateral for obtaining loans.
Likely, AAVE will not overtake Cardano’s growth in 2024, while Everlodge is very likely to. That’s because it will be x30 at the launch date already. If an AAVE & Everlodge partnership were to happen, it’s possible AAVE could grow further. Since AAVE is a lending platform, it may be going to incorporate Everlodge as collateral.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
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