Three cryptos, Solana, Ethereum, and Everlodge have stood out in the recent crypto market rally. With the crypto market now in bull territory, all three coins might be in for more gains.
It’s interesting to take a look at their perspective in the context of a bull market in the last quarter of 2023.
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Solana (SOL) Continues Its Uptrend
Solana (SOL), the Ethereum killer, has been gaining a lot of attention lately despite its FTX fiasco in 2022. In the last month alone, its value went up by 50%, catching the interest of the crypto community.
The Solana price has outperformed most of the crypto market, rallying above $35 in October. What has been the driving force of this upward trend? Analysts explained that more investors have shown interest in Solana again. To back this claim, a report showed that Solana trading volumes reached $1.7 billion. This is the highest value recorded in over 100 days.
In addition, the SOL price recorded an increase of 80% on the 30-day chart. However, the price of Solana had retracted as some investors cashed out of the recent rally.
Ethereum (ETH) Fights at $1,800
Ethereum (ETH), the largest altcoin by market capitalization, is under bullish momentum and heading to the $2,000 mark. Ethereum has shown positive momentum in October. On the daily chart, Ethereum’s price has been on a decline since it touched its highest point of $2,141 in April.
However, starting from its low point of $1,521 on October 12th, ETH began to climb upward. ETH is currently found at around $1835, up 2.2% in the past 24 hours but down slightly on the weekly chart.
Still, Ethereum technical indicators are bullish. Its RSI is in the overbought position at 74, a sign that the bulls are still in control. Besides, Ethereum has recorded a 3% price increase over the last 30 days.
What About Everlodge (ELDG)?
While Solana and Ethereum have potential, they depend entirely on the crypto sector. This is not the case with Everlodge. The platform is connected to the crypto market (worth $1.25 trillion) and the real estate sector (worth $280 trillion).
According to some analysts, this has made Everlodge a token with interesting potential. It is a platform that is aimed at changing how people invest in real estate. Their plan is to transform valuable properties into digital assets.
These NFTs will then be divided into smaller portions, each representing a share of property. Unlike other NFTs, the value of these NFTs goes up as the property’s value goes up. As a result, these NFTs can bring in money for NFT holders over the long haul. Additionally, users can choose to sell them whenever they want.
Currently, Everlodge’s ELDG token is in its sixth presale stage, priced at just $0.023. Meanwhile, the ELDG token has benefits for those who buy it. They include discounts, rewards for staking, VIP membership, and more.
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