The Cardano (ADA) price grew by 30% in November and saw its second consecutive month-on-month bullish price performance. Traders have placed active orders to purchase a total of 41.7 million ADA at the current prices, which outpaces sell orders.
Technical indicators are now bullish on its future, but alongside it, Everlodge (ELDG) is also picking up a lot of attention. The platform will disrupt the $82.63 billion global vacation rental market and introduce AI-driven elements that can project regions in which the industry can spike in value further.
Cardano (ADA) Has Two Successful Months – Is a Value Above $0.50 Possible?
Cardano (ADA) moved up in value from $0.29 to $0.39 during November, marking an overall price increase of 30%. The crypto also saw a 20% increase in October of the year, and vital on-chain metrics indicate that the bulls remain in control of the ADA markets.
According to data from IntoTheBlock’s Aggregate Exchange Order Books, there is a vital onc-hain metric that affirms a bullish outlook. Recent readings from the trading logs of 10 crypto exchanges indicate that Cardano bulls have the upper hand. Bullish ADA traders have placed buy-orders for 285 million ADA at an average cost of $0.38. Sellers have only put 276 million ADA up for sale at these prices.
Alongside this, popular crypto analyst Lady of Crypto has a bearish outlook for the cryptocurrency. This analyst noted that the network is facing significant challenges in keeping up with competitors. The first concern was the slow development of the network, as it emphasizes peer-reviewed, high-quality updates.
The crypto industry is fast-paced, so this methodical approach can lead to slower development time. As for the recent Cardano price performance, its value did not pass over the $0.39 barrier. If the crypto price passes $0.40, the current Cardano price prediction places it at $0.572 by Q1 2024.
Everlodge (ELDG)’s AI Tool Will Monitor Global Property Prices in All Territories
Cardano still needs to break past $0.40 to reach new heights; in the meantime, Everlodge is picking up a lot of momentum. This upcoming project can disrupt the $82.63 billion global vacation rental market by introducing blockchain-based elements to the industry.
Traditionally, acquiring properties was difficult as most of them required millions in upfront capital. As a result, the asset class was locked only to the elite. But Everlodge will change this by introducing non-fungible tokens (NFTs) to the space.
Instead of buying an entire property worth $10,000,000, for example, in Miami, it can be split across 100,000 pieces worth $100 each. This way, anyone can just buy a single fraction.
This way, anyone can build a diversified portfolio and co-own numerous properties. As they appreciate, the NFTs will grow in value alongside them. If they get rented out, those with fractional ownership can get passive income.
The dedicated AI tool is accessible by token holders and will monitor and then scan all of the global property prices in all territories. This way, anyone can access up-to-date snapshots of a specific region where the property market can experience an upswing, providing them with high ROI opportunities.
At Stage 7 of its presale, the ELDG token is offered at $0.025. Once it’s listed on Tier-1 exchanges at launch, analysts project a 40x upswing in value.
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