After weeks of sideways trading, the cryptocurrency market is back in bullish territory with a massive rally. Toncoin (TON) leads the market rally, with an impressive 15% price surge. Also, THORChain (RUNE) has launched its lending protocol, while the launch of Everlodge (ELDG) has rekindled the interest of investors in the timeshares market.
- The Toncoin price has surged by 15% amidst a rise in small investor interest
- THORChain has launched its lending protocol, leading RUNE to be bullish
- The launch of Everlodge has sparked renewed interest in timeshares
Toncoin (TON) Price Jumps 15% Amidst Investor Interest
The links with Telegram made the Toncoin crypto one of the most popular projects in the industry. However, the Toncoin value has been on a decline since April. Things look to change as there is now a rekindled interest in Toncoin.
According to an analysis of the Toncoin network, whale transactions (over $100,000) have dropped by 100% over the past month. As the number of whale transactions drops, small investors now dominate the market.
The report aligns with the decentralization plan of Toncoin and has caused a TON price increase. In the last 24 hours, the Toncoin price has spiked by 15%. TON now trades at $1.71 and could look to rally above $2 soon.
THORChain (RUNE) Continues Rally on Lending Launch
The THORChain crypto recently decoupled from the crypto market, enjoying a bull rally over the past two weeks. As a result of the rally, the price of the THORChain coin reached highs of $1.80 before declining along with the crypto market.
Following the recent launch of lending on the network, the THORChain price is back in bullish territory. Lending allows BTC, ETH, and other layer-1 assets to borrow TOR on the network.
Following this launch, THORChainis back in bullish territory, rallying by 7% in the last 24 hours to trade above $1.55. Investors expect the price of the token to rally further, and make an attempt to reclaim the $1.8 resistance.
Everlodge (ELDG) Rekindles Interest in the Timeshares Market
The timeshare market is a shared ownership model for vacation homes. Although this model reduces the amount needed to own a vacation property, the cost is still above what the average investor can afford. Everlodge (ELDG) is launching to solve this problem.
As the first blockchain marketplace for the timeshares market, Everlodge will allow investors with as little as $100 to co-own a timeshares property. This will be possible using fractional NFTs that will be backed by the actual properties. The title, deeds, and ownership documents of these properties will be minted on the NFTs.
Everlodge has implemented comprehensive security measures to prevent a rug pull. Notably, it will lock its liquidity for eight years and team tokens for two years. Additionally, InterFi Network and BlockAudit have audited the platform’s smart contract.
This new co-ownership model of Everlodge has rekindled interest in the timeshare market as just about any investor to get involved in this market. Because of this, the price of Everlodge’s utility token, ELDG, could rally from $0.012 to as high as $0.5 this year.
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