Polygon (MATIC) is a leading Ethereum-based Layer-2 network that has $822 million in TVL and $1.2 billion in stablecoins. Recently, it has begun to experience bearish pressure, and the medium-capped altcoin dipped during the past two weeks and now trades 55.30% under its all-time high.
As a result, most traders have turned to TRON (TRX) and Everlodge (ELDG) as a means of diversifying their holdings, as these altcoins have showcased a bullish market performance. Everlodge specifically will introduce an AI-prediction tool that can help token holders determine the best locations to buy real estate in. To see why this is the case, we will be analyzing their on-chart performance to determine how far they can actually go.
Polygon (MATIC) Dips to $0.74, Can It Go Up to $1?
Polygon (MATIC) is undergoing a market correction and has encountered bearish trends. Despite having a substantial TVL at $822 million based on data from DeFiLlama, it has seen a decline over the past two weeks. Its price is now hovering around the $0.74 range, worrying traders.
Two wallets deposited 20 million MATIC tokens, worth $14.86 million, to Binance on November 28, 2023, based on data from Lookonchain. The Polygon Ecosystem Growth wallet also transferred 217 million MATIC, worth $162 million, to 70 wallets at a price high on November 15 as well, prior to the decline.
Therefore, one of the contributing factors to the recent Polygon price decline is the behavior of large MATIC holders, known as whales. The on-chain analysis reveals that they are offloading the cryptocurrency. According to the latest Polygon price prediction, it can go as far as $0.7846 by the end of December 2023.
TRON (TRX) Spikes Above $0.1 – How Possible Is a Climb to $0.19?
TRON (TRX) witnessed an upswing in its value by 92.5% during the past year, encouraging traders to diversify their holdings, expecting a similar upswing during 2024. Analysts took to the crypto's on-chart data to try and determine just how far TRON can climb based on its most recent price fluctuations.
During the previous week, the TRON crypto experienced a price upswing where it broke past the $0.1 price barrier and could soon see even more significant gains. It is positioned as the 11th largest crypto with a market cap of $9,163,526,393, and while it's trading 55.30% under its all-time high, it could soon experience a resurgence in its value. According to the TRON price prediction, it can spike as high as $0.1908 in 2024.
Everlodge (ELDG) Will Enable AI-Driven Emerging Real Estate Market Prediction
While Polygon is trying to recover after its most recent market dip, and TRON is showcasing solid signs of growth, Everlodge can see the highest growth as it tackles the $280 trillion real estate market.
This upcoming marketplace will tackle the main issues in the $280 trillion real estate industry, such as lack of accessibility and transparency. Traditionally, getting access to this market was difficult as most properties can cost millions of dollars.
Yet, the Everlodge platform will mint each property as an NFT, then fractionalize it into smaller pieces, where each one is worth just $100.
The ecosystem will also feature an AI tool that can be used as a prediction method for determining which markets are currently undervalued. This can help investors find markets that are currently undervalued, and amplify their return opportunities. For example, just two years ago, Dubai would have been predicted, as it recently surged in real estate property pricing. The tool is exclusively available to native token holders.
By holding onto fractions of rental properties, investors can get passive income. If they stake the ELDG crypto, they can also get capital gains. The platform will feature a Rewards Club where anyone can get access to free nightly stays and even re-sell them. During the Stage 7 presale period, the crypto trades at $0.025 but can spike by 40x at launch.