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Everlodge (ELDG) Displays Bullish Potential After Listing Token, Hedera (HBAR) And Ordi (ORDI) Exhibit Bearish Challenges

By
TI Partners
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0

The recently concluded Everlodge (ELDG) presale has demonstrated remarkable success, drawing investors in with its distinctive qualities. With an innovative solution and substantial return on investment, Everlodge seems to effortlessly disrupt the real estate industry.

On the other hand, Hedera (HBAR) and Ordi (ORDI) tokens are displaying a range of bearish challenges. Now that the ELDG presale has ended, let’s examine why Everlodge is among the top cryptocurrency tokens available and how it will move forward.

Hedera (HBAR) Token Aims to Recover Previous Highs

Hedera Hashgraph’s HBAR token ranked #37 on Coinmarketcap, has experienced a substantial price surge. The weekly price ranges from $0.068 to $0.080, which reflects a nearly 10% increase.

However, looking back, the HBAR token dropped to $0.077 from its all-time high of $0.5 on September 16, 2021. Ever since the cryptocurrency has consistently traded below the $0.1 price threshold.

While it registered a peak price of $0.098 in the past year, the native cryptocurrency of the Hedera Hashgraph network has mostly traded within a yearly price range of $0.077 and $0.86. Moreover, HBAR price fluctuations raise concerns about the appeal and possibility of a comeback for the HBAR network.

Speculating on the reasons behind this decline in value, investors wonder if Hedera Hashgraph will recover its traction in the ever-changing world of cryptocurrencies. However, the Hedera community is optimistic about any signs of a possible resurgence, as the future course of HBAR is still unknown.

Will the Ordi (ORDI) Token Drive to $70 by February?

Following recent developments in the Ordi network, the ORDI community has experienced excitement for the token, but its price has dropped significantly from a monthly peak of $77.48 to a current weekly price range of $62.6 and $68.8.

While it managed to recover some lost ground in the past week due to the bullish momentum in the broader crypto market, ORDI token is still about 15% in the red. However, given the recent surge that spiraled across the majority of the cryptocurrencies, ORDI token registered a weekly gain of over 16%, to solidify its position above the $62 price threshold.

Everlodge (ELDG) Displays Strategic Moves to List on Exchanges in The Cryptocurrency Market

Everlodge (ELDG) is an innovative project that aims to revolutionize real estate investing by leveraging blockchain technology and other cutting-edge solutions. One of Everlodge’s key strategies is the creation of fractionalized non-fungible tokens (NFTs) backed by luxury-style and real-world assets (RWAs).

By purchasing these NFTs, investors become immediate co-owners of their chosen properties, ranging from luxury hotel chains to vacation homes, with ownership stakes available for as low as $100. This approach enables individuals to participate in high-value real estate investments at a fraction of the traditional cost, making real estate ownership more accessible and affordable.

The platform’s exceptional features, which make it possible for regular investors to profit from real estate incentives, have drawn a lot of investors. This consists of several ecosystems, including a marketplace, a launchpad, an exclusive reward club for members, and a lending platform for collateral loans.

Although the presale recently ended, early investors have since locked in about 190% ROI. Following the token recent listing on Uniswap, analysts predict further listing on Tier 1 exchanges.

Looking ahead, analysts predict a 30x rally and more positive movements for the token after launch. Haven demonstrated enormous potential in the presale campaign,  Everlodge, and its ELDG token has solidified its position among the best cryptocurrency, possibly surpassing other well-known coins like Hedera and Ordi.

For more information about Everlodge (ELDG) please visit their website.

Pullix (PLX) Price Jumps 150% To $0.10, Analysts Predict It Could Hit $20 By 2025

By
TI Partners
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0

Despite the large influx of presale projects in the past year, only a few have stood the test of time following their launch. However, it is difficult to know which presale projects have long-term potential.

Luckily, analysts have picked Pullix (PLX), which is about to round up its blockchain ICO, as a top DeFi project with long-term potential. They have also forecasted bullish gains for Pullix. Let us look at Pullix’s presale journey so far.

Pullix (PLX) Presale Progress

Pullix (PLX) has once again captured headlines by raising over $5 million during its presale phase. It has become a hot topic within the crypto community over the last month due to its novel approach to trading.

The $5 million raised just shows that there is a lot of user interest and belief in the potential of the project. The DeFi token is in the seventh stage of its presale and costs $0.1.

Over 15,000 users have already joined the DeFi project. Among first buyers, many have seen a return on investment of 150%. The altcoin price has risen from $0.04 to $0.10. According to analysts, shortly after its launch, which is scheduled to happen in the next 70 days, the altcoin price could rally to $1. But they have already predicted a great price spike to $20 By 2025.

The crypto bull run is close by, which gives the DeFi token the potential to reach such heights. Those who have not yet climbed the bandwagon of Pullix will join and will enjoy a 25% discount on all purchases.

Pullix (PLX) Merges CEX and DEX

Pullix (PLX) is an upcoming hybrid exchange that will mix the best features of CEXes and DEXes to form a hybrid platform where all traders can enjoy both benefits at no cost. The DeFi project exchange will help traders expand their portfolios by offering them several trading assets. Some of the assets include forex, commodities, stock, OTC derivatives, and indices.

By entering this high-volume market, Pullix aims to increase its trading activity. This strategy is expected to enhance the demand and value of its native token, PLX. One feature of Pullix is its capability for fast transactions.

Trades are executed off-chain, enabling investors to conduct transactions rapidly without worrying over price fluctuations in the DeFi market. Below are other top features that Pullix offers:

1. Yield Farming

Traders can use yield farming to increase earnings by adding to Pullix’s liquidity pool via staking LP Tokens. A nominal fee of 0.25% is applied to each transaction on Pullix Swap, which is then transformed into PLX tokens and shared among LP token holders, potentially increasing your investment’s value.

2. Copy Trading

Pullix integrates artificial intelligence to allow traders to emulate the strategies of seasoned professionals, thereby elevating their success prospects given the high win rates of these experts.

3. DeFi Swap

The DeFi Swap feature fosters fast token swaps. This system is simple, fast, and cost-effective to trade in the DeFi market. Rather than relying on direct peer-to-peer trades, Pullix uses a liquidity pool mechanism. This mechanism eliminates the matching of traders and streamlines the swap process.

Conclusion

Analysts are very bullish about Pullix and see the blockchain ICO as a chance to accumulate a large amount of its native token, PLX. Besides, Pullix’s launch in the next 70 days is a major reason investors and smart traders should swing to Pullix now. Click the link below to join the presale.

For more information regarding Pullix’s presale see links below:

Visit Pullix

Join The Pullix Communities

Central Bank of Nigeria Should Shut Down eNaira and Focus on Its Core Mission

By
Ndubuisi Ekekwe
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1

One initiative which I think Nigeria’s Central Bank got distracted by was the whole thing on eNaira. With digital wallets, virtual accounts, USSD, and other options out there, the real contribution of eNaira to the advancement of Nigeria’s economy remains muted, from my perspective. It does not yield more money than old Naira, and it does not help you make more money than the traditional Naira money. So, what is really the big deal for an apex bank to be spending time on it?

Yet, it seems smarter people are finding ways to use eNaira: “A recent report by the Central Bank of Nigeria (CBN) has disclosed that the value of eNaira in circulation rose by 302 percent in nine months to N10.26 billion at the end of September 2023, reflecting an increase in the adoption of the Digital currency.” That may look like a good number until you remember that it was launched on October 25, 2021. So, the adoption is very poor!

If you pick one Nigerian company, Moniepoint, which does $14 billion value of transactions per month, and compare it with eNaira lifetime equivalent of $11 million, you can understand why they should shut that thing down, and focus on the core mission of the apex bank: strengthen the Naira currency by controlling inflation, and ramp up employment via interest rate management. Running eNaira is a distraction now.

Please do not attack me: if eNaira is a startup, and if you look at all the resources put in it (a presidential launch on national television), by now, it should be considered to have failed to attain a product-market fit. With that, either there is a pivot or the company will fade. Not many investors will keep investing in it. I think Nigeria should allow the eNaira to fade, and redirect the efforts on important things. Data has spoken!

eNaira Circulation Rose by 302% in Nine Months, Reflecting Increased Adoption Rate

By
Ojukwu Emmanuel
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0

A recent report by the Central Bank of Nigeria (CBN) has disclosed that the value of eNaira in circulation rose by 302 percent in nine months to N10.26 billion at the end of September 2023, reflecting an increase in the adoption of the Digital currency.

Analysis of the CBN data on Currency in Circulation from the quarterly statistical bulletin for the third quarter (Q3) 2023, revealed that the value of eNaira in circulation rose sharply by 302 percent in nine months to N10.26 billion at the end of September 30th, 2023, 9M’23 from N2.55 billion at the end of 2022, 9M’22.  

The increase represents 131 percentage points higher than the 171 percent increase recorded in the same period of 2022. Further analysis showed that eNaira in circulation recorded quarter-on-quarter, QoQ growth of 90 percent, 48 percent, and 43 percent in the Q1’23, Q2’23, and Q3’23 respectively.

Notably, the Apex bank disclosed that the surge in eNaira adoption was driven by transactions via the USSD channels. The volume and value of eNaira transactions via the USSD channel are reported to have risen by 92.95 percent year-on-year, (YoY) and 120.93 percent in 9M’23 respectively, while the number of merchants accepting eNaira also rose 11.97 percent during the same period.

Recall that the CBN last year, announced the development of eNaira enhanced services to address challenges faced by unbanked Nigerians. This saw the apex bank roll out the unstructured supplementary service data (USSD) code *997*50# to enable users to carry out all banking transactions.

Through the code, users can send funds to an ATM directly from their wallets and withdraw cash without needing a bank account. Also, users can fund their wallets by purchasing vouchers which function like GSM-recharge cards, or fund their wallets via a web portal using the debit cards issued by traditional banks.

The apex bank believed that the introduction of the USSD code would help to improve financial inclusion, increase cross-border transactions, and diaspora remittances, and also to complement payment infrastructure, which is the purpose of the e-Naira per the CBN’s cashless policy.

The CBN launched the eNaira, on October 25, 2021, making Nigeria the first African country to launch a CBDC and one of the five countries in the world to adopt the technology. Interestingly, the launch came seven months after cryptocurrency transactions were banned in Nigeria.

The main reason for the launch of the eNaira was to promote financial inclusion, increase cross-border transactions, facilitate diaspora remittances, and complement existing payments systems.

Since October 2022, the number of e-Naira wallets has reportedly increased more than 12-fold to 13 million. There was also a 63% increase to N22 billion (US$48 million) in the value of transactions in 2023.

EigenLayer TVL close to $6B after temporary Marketcap removal

By
Paul Ugbede Godwin
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0

EigenLayer, the decentralized protocol for layer 2 scaling solutions, has announced that its total value locked (TVL) has reached nearly $6 billion after it temporarily removed the cap on its deposits. This is a remarkable achievement for the project, which aims to provide fast, cheap and secure transactions for various DeFi applications.

The cap removal was a response to the high demand from users who wanted to migrate their assets from Ethereum to EigenLayer, which uses optimistic rollups to reduce gas fees and latency. The cap was initially set at $50 million per week, but it was quickly reached by eager depositors. To accommodate the growing demand, EigenLayer decided to remove the cap for 48 hours, starting from February 10 at 12:00 UTC.

The result was a massive influx of liquidity into the protocol, as users deposited over $5.9 billion worth of ETH, USDC, DAI and other tokens. According to DeFi Pulse, Eigen Layer’s TVL jumped from $271 million on February 9 to $5.96 billion on February 12, making it the third largest DeFi protocol by TVL, behind only Maker and Aave.

Eigen Layer’s co-founder and CEO, Dr. Alice Chen, expressed her gratitude and excitement for the community’s support in a blog post. She said:

“We are overwhelmed by the enthusiasm and trust that our users have shown us. This is a clear sign that the DeFi space is hungry for scalable solutions that can handle the increasing volume and complexity of transactions. We are proud to offer such a solution with EigenLayer, which leverages the security and decentralization of Ethereum, while enhancing its performance and user experience.”

Dr. Chen also assured the users that the cap removal was a temporary measure, and that EigenLayer will resume its gradual and controlled launch process soon. She explained that the cap was necessary to ensure the stability and security of the protocol, as well as to comply with the regulatory requirements in different jurisdictions. She added:

“We are working hard to make EigenLayer accessible to everyone, but we also have to be careful and responsible. Scaling Ethereum is not a trivial task, and we have to take into account various technical, legal and economic factors. We appreciate your patience and understanding as we navigate this complex landscape.”

EigenLayer is one of the most anticipated projects in the DeFi space, as it promises to solve some of the most pressing challenges that Ethereum faces today. By using optimistic rollups, EigenLayer can process thousands of transactions per second, with near-instant finality and minimal fees. This makes it ideal for applications that require high throughput and low latency, such as decentralized exchanges, lending platforms, gaming and NFTs.

EigenLayer also offers a seamless user experience, as it allows users to interact with their favorite DeFi apps without leaving their wallets or changing their addresses. Users can simply deposit their assets into Eigen Layer’s smart contracts, and then use them on any compatible app on Eigen Layer’s network. When they want to withdraw their assets back to Ethereum, they can do so with a simple click of a button.

EigenLayer is not only compatible with Ethereum, but also with other layer 1 blockchains that support EVM-compatible smart contracts, such as Binance Smart Chain, Polygon and Avalanche. This means that users can enjoy cross-chain interoperability and access a wider range of DeFi opportunities across different ecosystems.

EigenLayer is currently in its beta phase, and it plans to launch its mainnet in Q2 2024. The project has already secured partnerships with some of the leading DeFi projects, such as Uniswap, Compound, Aave, Synthetix and Curve. It has also raised over $40 million in funding from prominent investors, such as Andreessen Horowitz, Polychain Capital, Paradigm and Coinbase Ventures.

EigenLayer’s vision is to become the ultimate layer 2 scaling solution for DeFi and beyond. By offering fast, cheap and secure transactions for any application on any blockchain, EigenLayer aims to unlock the full potential of decentralized finance and enable mass adoption.

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