The bearish crypto market affected ApeCoin (APE) and Floki Inu (FLOKI). However, Everlodge continues to stride ahead during its presale.
ApeCoin (APE) Turns Bearish as the Price Falls Below Support Level
ApeCoin (APE) crashed twice, along with other altcoins in the crypto market. The token fell below the support level at $1.72 last week, and hasn’t recovered yet. APE bulls tried to rally for a hike but couldn’t succeed due to unfavorable market conditions. Moreover, experts believe the overall bearish market may further affect ApeCoin (APE). The token’s price could plunge to $1.
This can cause more problems for ApeCoin (APE). However, the token touched $23 in April this year before the downward movement began. It appears that bulls can no longer fight the increase in selling pressure. Bears took over when ApeCoin (APE) bulls lost support, resulting in a price decline.
Currently, ApeCoin (APE) can hope for a price reversal if Bitcoin (BTC) strengthens, and crosses $28k. Nevertheless, data from Santiment shows that all is not lost for ApeCoin (APE). Long-term token holders may play a role in reviving the price.
Floki Inu’s (FLOKI) Monthly Loss Crosses 20%
Floki Inu (FLOKI) had a great rise this year from mid-February to June. However, the token began its downward movement, and has been struggling since then. Floki Inu (FLOKI) lost 21.22% in the last 30 days. In fact, it fell below $0.000018 twice in August. Floki Inu (FLOKI) is priced at $0.00001765, at press time. The trading volume is also down by 12.08% in the last 24 hours.
Analysts say Floki Inu (FLOKI) is bearish, and may continue to be for the coming days. However, the developer team behind Floki Inu (FLOKI) is working on many updates. For example, the partnership with Binance Pay, or the new Locker protocol attracted many users to Floki Inu (FLOKI). Nevertheless, the token’s price hasn’t benefited much from it.
The weekly price graph shows that Floki Inu (FLOKI) lost more than it gained. While the token crossed the $0.0001853 mark twice, it couldn’t sustain for long. Thus, it appears that Floki Inu (FLOKI) needs a big push to regain its lost momentum.
Everlodge (ELDG) is Wooing Investors with Rewards and Membership
Everlodge is disrupting the timeshare market by offering hybrid property co-ownership options on the blockchain. It will allow users to become fractional owners of properties like vacation homes, hotels, luxury villas, etc. The platform will combine AirBnB with Web3 in the crypto market. Moreover, users can invest as little as $100 to buy fractional NFTs, and co-own a vacation property.
In other news, ELDG, the native token has registered a price rise during the presale. The token is priced at $0.012, and expected to rally by 30x on the launch day. Furthermore, the platform will offer a fixed passive income to users who stake their native tokens. In fact, investors can also qualify for discounts, giveaways, raffles, etc.
Additionally, the token holders will be eligible for fixed free night stays at the vacation property they co-own. Users can redeem the reward, or sell it on third-party platforms. Statistics show that 29% of vacation properties are owned by more than one person. Investing in Everlodge will be an easy way to join the trend, and co-own a vacation home. Buy ELDG tokens today, and stand a chance to win a luxury holiday to the Maldives.
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