As Bitcoin (BTC) struggled to surpass the $45,000 resistance level, Avalanche (AVAX) took the lead among large-cap altcoins in a bullish rally. The notable surge in these altcoins has positioned them among the best crypto investments compared to Bitcoin.
This signals a broader market shift and indicates growing investor interest in a more diverse range of digital assets like Everlodge (ELGD), which aims to get its users another revenue stream through passive income. Let’s take a look at how both Avalanche and Everlodge might be excellent choices if you’re seeking the best crypto to invest in.
Everlodge Lays Down Blueprint For Passive Income Generation
Everlodge (ELDG) is transforming luxury real estate with fractional ownership. The model of this project is based on investing in high-end properties to kickstart passive income through rental yields and capital appreciation with as little as $100.
The vacation rental market valued at $82.63 billion in 2022 is expected to grow at a CAGR of 4.7%. Historically, individuals aspired to tap into this lucrative market, but entry barriers are way too high, typically demanding substantial upfront capital.
Here’s where Everlodge comes in. This project leverages NFTs, representing fractional ownership tied to physical assets. You can trade these NFTs on decentralized marketplaces for liquidity. Staking ELDG, the native token, not only offers rewards but also aligns with Everlodge’s mission of accessible investing and passive income.
Additionally, ELDG facilitates value transfer, and the more you hold, the greater the perks—discounts, free stays, and exclusive rewards. Investors can secure passive income through the Everlodge launchpad, which aids property developers in funding new projects, promising substantial returns for supporting investors.
Likewise, as a token holder, you gain free stays at Everlodge properties, acting like timeshares. These stays don’t require redemption; instead, investors can sell their time through Everlodge or third-party platforms like Airbnb, generating a passive income in the process.
While Everlodge presents diverse income avenues, they have attracted investors to think of the project as possibly one of the best crypto investments to explore ahead of 2024. Meanwhile, Everlodge is currently in its eighth presale phase, with the ELGD tokens selling fast at $0.027, up from an initial offering of $0.01.
Avalanche Registers 120% Increase in 30 Days
The Avalanche (AVAX) network has achieved a significant milestone, boasting a notable 120% surge in the last 30 days. Given this sustained price increase, Avalanche might be one of the best coins to invest in 2024 as a large part of its community hopes it climbs up to the $70 mark.
This surge in Avalanche crypto price not only showcases the robustness of the Avalanche ecosystem but also signals a growing market sentiment favouring alternative layer-1 (L1) solutions, as Ethereum contends with scalability challenges.
Despite the introduction of layer-2 solutions (L2s) intended to address Ethereum’s scalability issues, investors haven’t embraced them as expected. The attraction to independent networks such as Avalanche, known for their smooth scalability and efficiency, might be the reason for this deviation.
The spike in Avalanche crypto price may be fueled by DeFi and meme coins, which play key roles in the market. The allure of substantial returns and a risk-taking attitude have propelled these sectors into the crypto limelight. Avalanche, known for high throughput and lower transaction costs, has become an appealing hub for DeFi and meme coin activities, driving its swift growth and adoption.
If you’re looking for the best cryptocurrency investments that may be worth your time, Everlodge and Avalanche are options worth looking into.
With Everlodge’s new emergence, you can build alongside the project from the ground up.
