While most mainstream headlines focus on Bitcoin and Ethereum, there are hundreds of DeFi projects that offer huge potential. Three projects that have been praised for their transformative designs are Toncoin, Everloge, and Optimism. Each project has an extremely strong foundation, and being more affordable than some of DeFi’s largest cryptos, could be a strong investment for new investors.
Optimism’s Value Soars In 2023
Optimism is quickly becoming one of the most talked about crypto projects. In 2023, its value increased by 130%, and the project is now the 18th most traded cryptocurrency in the world. Given its potential, crypto experts believe Optimism’s current price of ??$2.33 is still undervalued, with many expecting OP to hit $3 by the end of Q1.
According to market analysts, Optimism is just finalizing its accumulation stage, and is now preparing for another price rally in the new year. Despite many DeFi projects taking a hit over the last week, Optimism has increased in value by 33%, suggesting that the project may continue to outperform the market. This has created much anticipation around Optimism, which can be seen by its increase in daily trading volume, and recently hit $588 million.
Toncoin Struggles Following New Protocol Release
In an earlier test this year, the Toncoin development team announced that the blockchain could cope with speeds of over 100,000 transactions per second. This created immediate hype around Toncoin, with some experts suggesting that Toncoin could one day be used for everyday transactions. However, after being put to the test with a new protocol release, Toncoin has failed to perform.
The protocol was released last Tuesday and triggered an immediate spike in activity on the Toncoin network. The network quickly crashed, processing just 1 transaction per second by Thursday. This poor speed caused a build-up of over 2.5 million pending transactions, and popular Toncoin wallets such as Tonkeeper had to suspend their services.
Many experts are now questioning the scalability of Toncoin and its value has fallen by over 8% in the last week. Nonetheless, the Toncoin community remains positive and believes the project will perform better in the future.
Everlodge Hits A New ATH As Momentum Builds
Everlodge is one of the most transformative DeFi projects in the market. Designed to revolutionize the travel property industry, Everlodge lets investors fractionally invest in some of the world’s best travel properties for as little as $100.
Historically this market is difficult to penetrate, with investors needing six to seven figures just to get started. With Everlodge, however, buying equity in a travel property has never been easier. To begin, investors need to create a profile with Everlodge. Once created, they can search the property marketplace, find a property they like and invest. But how exactly does it work?
Each property is minted as an NFT and fractionalized to allow multiple investors to invest in a single property. Investors will generate a passive income based on the amount of a property they own, and will benefit from any appreciation in value.
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This process offers several benefits, including no border limitations, no paperwork, and no hidden fees or credit checks. The concept behind Everlodge has already proven to be extremely popular. The project quickly sold out 7 presale rounds, and now stage eight is becoming its fastest-selling yet. With additional price increases expected before the end of the year, now is the perfect time to invest in ELDG tokens and earn a spot in Everlodge’s private members club.