• Three altcoins, Hedera (HBAR), Everlodge (ELDG), and Solana (SOL) are poised to make an impact in the crypto market this August.
• Everlodge offers fractionalized NFTs that allow investors to own a piece of real estate with limited capital.
• Solana’s network activity shows promise, with its Total Locked Value increasing from $204M in January 2023 to $305M at the time of writing.
Promising Altcoins for August
As we step into August, the crypto market continues to promise intriguing possibilities. Three altcoins in particular, Hedera (HBAR), Everlodge (ELDG), and Solana (SOL), are poised to steal the show.
Everlodge: Democratizing Luxury Real Estate
Everlodge aims to democratize the realm of luxury real estate for the average investor by turning properties into fractionalized NFTs, allowing users to own a piece of real estate without breaking the bank. Plus, using blockchain technology enables immutable records of ownership and money transfer. The platform also contains a Launchpad feature which allows property developers to raise capital directly from an enthusiastic investor base as well as a Rewards Club which accrues nights at some of the globe’s most desired properties that can be traded for revenue generation. Industry experts are eyeing Everlodge’s potential to shake up the multi-trillion-dollar real estate sector; ELDG is priced at just $0.010 during its initial presale phase and some analysts predict a 100x growth throughout 2023.
Solana Network Activity Surge
Despite overall market uncertainty, Solana’s technical indicators present a gleam of optimism with a golden cross forming on its chart – a bullish indicator that occurs when a short-term moving average surpasses its long-term counterpart. Its Total Locked Value has also been steadily increasing since January 2023; from $204M up until now at $305M at the time of writing.
Altcoin enthusiasts should keep their eyes peeled this month as HBAR, ELDG, and SOL show immense potential for growth in both price and utility value within their respective industries – making them formidable contenders for investment opportunities in August 2023.