Investors Look at Everlodge Amid Important Market Developments

Three tokens make the headline as bearish sentiment continues to sweep across the cryptocurrency markets. Tron has won an extension in its SEC case, while the Tezos price continues to drop. As a result, some investors are turning to Everlodge in hopes of a recovery.

Summary:

• Tron has secured an extension in the ongoing legal battle.
• Tezos price drop continues.
• Everlodge’s potential attracts investors.

Visit the Everlodge presale and win a luxury holiday to the Maldives

Tron Win Extension in SEC Case

In March 2023, the Security and Exchange Commission (SEC) filed lawsuits against Justin Sun, Tron Coin, Bittorrent, and Rainberry. The regulatory agency sued them for selling unregistered tokens. In recent legal developments, an extension has been granted to the defense, Tron, and its founder.

Sun and Rainberry’s lawyers requested more time in the case for two key reasons. The first is the Tron Network’s restructuring in Singapore and the relevance of this case to the Ripple lawsuit. Because of these reasons, the court granted them more time.

The defense has until December 8, 2023, to get ready for their case. The Tron coin price has increased since the announcement was made. The TRX coin has increased to $0.08573 and looks set to rally to the $0.0900 resistance level.

Tezos Price Decline Continues

Along with the broader crypto market, Tezos (XTZ) has faced a significant price decline. It has gone from $9.18 to $0.6782, establishing itself as one of the underperforming assets in the market. The price decline can be linked to the drop in activity on the Tezos network.

The total value locked (TVL) on the chain has dropped to only $49 million from highs of $218 million a year ago. Tezos’ price forms a descending triangle with strong $0.68 support. This pattern is expected to reach its critical point in October.

In a bearish market, a drop to $0.45 is possible if XTZ loses the $0.600 support. As the price of Tezos continues to struggle, investors are being pulled to more promising projects like Everlodge.

Investors Move To Everlodge (ELDG) To Recover Gains

Everlodge has been recording rapid growth in investors because of its innovative approach in the real estate industry. The project is based on a decentralized co-ownership model that could change how we invest in the timeshares market.

Currently, the average amount required to invest in the timeshares industry is $22,000. Using a decentralized co-ownership model, Everlodge looks to reduce that figure to $100. This is possible using fractionalized NFTs. These NFTs will be backed by the real properties on-site.

Because they are fractional, investors with as little as $100 can co-own a luxury home, hotel, or vacation villa. The aim of the project is to create a fair marketplace with new opportunities for investors. These NFTs will also generate passive income for holders when the property is leased or rented out.

Everlodge’s presale has seen remarkable growth since it began. With a staggering 90% increase in value across three stages. With the potential to transform the timeshares market, ELDG has been projected to impress.

Find out more about the Everlodge (ELDG) Presale:

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.