The new year’s bullish prediction has restored the hope of investors as they explore valuable projects to boost their portfolios. With some days gone in the new year, experts are predicting bullish trends for Bitcoin Cash (BCH), Immutable (IMX), and Everlodge (ELDG). There is growing interest from the crypto community in the Everlodge project because of its unique use cases, which seek to link the real estate industry to cryptocurrency. With each token exceeding expectations, they have been rated as the best DeFi tokens to invest in at the moment.
Everlodge (ELDG): The Exciting DeFi Platform Redefining Real Estate Business
As Bitcoin Cash and Immutable are on an upward trajectory, Everlodge is also boosting its potential in the real estate industry. As a Defi platform, Everlodge will allow investors to invest in real estate properties that have been minted into digitized NFTs. Investors will become fractional owners of these properties with as little as $100.
By owning a certain percentage of these properties, investors can establish side hustles by leasing out their properties for rent. The Everlodge ecosystem will also feature a marketplace, a reward club, a launchpad, and a lending platform where investors can perform different transactions and stake their assets.
As part of these measures, there will be extra incentives for the holders of the ELDG token, the platform’s utility token. This erc20 token will earn holders trading discounts and low fees for asset maintenance. These digital assets have been soundproofed by unique timestamps and digital identities, preventing identity theft and manipulations. The smart contract has been audited, while the liquidity will be locked for eight years to prevent a rug pull scenario.
The ELDG token is currently in the 9th stage of token presale and currently selling for $0.029 with only 40 million of the token available to purchase at this price. Analysts have projected a 280% rise in token value in the ongoing presale and a further 30x when launched. With the real estate industry estimated to be worth 280 trillion dollars, Everlodge certainly remains one of the best Defi tokens to invest in.
Analysts Bullish on Bitcoin Cash (BCH) Despite Bearish Scare
Bitcoin Cash (BCH) had a setback in November last year which led to the token experiencing a significant decline. The prediction of analysts revealed that Bitcoin Cash price will start an upswing soon. However, there are concerns among investors about Bitcoin Cash as the market sentiment is only at an average of 52%.
Similarly, the Fear and Greed Index signal is also at 68 signifying that Bitcoin Cash can still stage a resurgence. Analysts believe that if the Bitcoin Cash network gains some hype based on the speculations of a general crypto market rally in the year, there could be a substantial upswing for the coin. The Bitcoin Cash trading volume is increasing which could be a sign of a resurgence soon.
Immutable (IMX) Showing Resilience As the Token Battles the Bear Market
The injection of funds by whales into the Immutable (IMX) project is favouring the token as the coin kept posting significant improvement. Over the past month, Immutable has accumulated a substantial increase of more than 50% as investors take more buying positions.
However, the Immutable price chart from CoinMarketCap shows that the coin is heading to the bear market with over 8% drop in value in the past few days. But with a strong 72 greed level, Immutable is predicted to keep following the bullish pattern if the coin can overcome the current bear trend. Analysts believe that if Immutable can successfully climb the 2.60 resistance level, Immutable price may reach $3 before the end of Q1 of 2024.