Algorand and Everlodge, two top Cryptos set to transform Blockchain
Blockchain technology promises to fundamentally change the human experience. The most natural application is financial use cases. Many forget how broad an impact upgrading the financial system of even an unrelated industry can have for users.
Algorand (ALGO) is one of the most impressive layer one blockchains from a technical perspective, and Everlodge (ELDG) promises to uproot the vacation rental market. These two cryptos are set to transform blockchain, and investors buying now before the mania of 2024 set themselves up to generate massive returns in the next two years.
Algorand (ALGO) solving the trilemma
Algorand was designed and created by Silvio Micali- essentially the father of modern cryptography. It introduced a new consensus mechanism known as Pure Proof of Stake. But why is this significant? For the first time, a layer one blockchain, Algorand, was decentralized, secure, and highly scalable.
Capable of executing roughly 10,000 transactions per second with instant finality, and anybody staking one $ALGO is eligible to become a validator. This is an enormous breakthrough for blockchains, and Algorand has additionally been incredibly successful in its partnerships.
There are few blockchains that can match Algorand’s technical capabilities, and experts predict it will be a frontrunner in 2024 as an increasing number of TradFi market participants come on-chain. Price predictions forecast the native token $ALGO targeting an impressive band between $0.46 and $0.52 in 2024.
Everlodge (ELDG) decentralizing & democratizing access to real estate markets
Everlodge is set to disrupt the vacation rental market and deliver a new level of accessibility to global real estate markets for users worldwide. Entry into real estate markets has always required a large amount of upfront capital, not to mention finding expensive financing and all the bureaucratic processes involved. Imagine if all of this stress was condensed into a single on-chain transaction. Welcome the future. Welcome to the world that Everlodge is building.
This protocol stands out amongst its thousands of competitors, and this ICO could easily be the most significant opportunity of 2023. Already soaring over 170% and predicted to 30X on its launch day, buying $ELDG at its current discounted value is a no-brainer.
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Everlodge will introduce a marketplace that allows users to fractionally invest in vacation homes, luxury villas, and hotels on-chain. It will facilitate this by minting NFTs containing ownership details and making them tradeable on its marketplace.
This huge infrastructure upgrade to the real estate market promises to make markets more liquid and accessible. Better yet, holders of NFTs can collateralize them to access loans on the lending marketplace.
This up-and-coming protocol applies the financial primitive Non-Fungible Token to real estate and unlocks all the operational and composable benefits this makes possible. All transactions on the platform will require $ELDG, and as potentially hundreds of thousands of properties go live on Everlodge, the value of the native token will skyrocket. Could it be a top performer in 2024?