Huobi Token (HT) and OKB (OKB), two tokens that started 2023 on a bullish note, are now showing bearish signals in August. Presently, investors are seeking ways to recover their losses. As a result, they are now turning to Everlodge (ELDG), a cryptocurrency with huge potential and access to a trillion-dollar industry.
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Huobi Token (HT) Investors Losing Faith in the Project
Huobi Token (HT) has been struggling to break free from the bearish trend that has gripped the cryptocurrency industry. Since reaching its all-time high of $39.81 in May 2021, Huobi Token has witnessed a steady decline in price.
According to CoinMarketCap, Huobi Token is valued at $2.69 by press time. The token’s price has dropped by -0.02% in the last 24 hours. Apart from its poor price performance, Huobi Token lags behind its competitors when it comes to features and functionality.
This has raised concerns among investors about the token’s future price. Also, there are concerns about the lack of clarity in Huobi Token’s roadmap. As a result, investors are searching for new projects with more potential and benefits.
OKB (OKB) Bearish Trend Lingers
OKB (OKB), the native token of the OKX exchange, started well in 2023. The coin maintained its upward momentum, reaching record levels. Eventually, it hit an all-time high of $58.46 on February 18th. However, bearish pressure set in and the token dropped to new lows.
Despite a subsequent drop, it continues to operate around the levels it reached in early May 2021. As of August 2023, its value stands at approximately $42.48.
The token’s price has only increased by just 0.11% in the past 24 hours. Additionally, OKB’s trading volume has dropped by 24.90% in the last 24 hours to $3,650,116. This drop signals a recent fall in market activity for the cryptocurrency.
Everlodge (ELDG) Attracts Investors Holders With Huge Price Gains
Everlodge (ELDG) is building a platform that will grant users access to the real estate market space. Its groundbreaking marketplace will utilize blockchain technology, enabling users to make fractional investments in hotels, vacation homes, and high-value properties.
This interesting new project will be the first platform to seamlessly integrate fractional vacation home ownership with timeshare and NFT technology. Meanwhile, there will be other features and benefits on the platform. Users will be able to trade their NFTs on Everlodge’s marketplace or any third-party ERC-20 compatible marketplace.
In addition, buyers can stake their Everlodge tokens and receive passive income. Additionally, token holders will be entitled to exclusive discounts on property purchases within the marketplace. Everlodge has also taken some steps to combat the issue of rug pull in the crypto space. It will lock team tokens for 2 years and its liquidity pool for 8 years.
The team is actively striving to raise $12 million during this presale period. The aim is to develop the platform and attract more users. Presently, Everlodge’s token is available at only $0.01 per ELDG. Interestingly, analysts have forecasted a 280% price surge during this presale stage.
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