Evolving NFT terrain: Everlodge (ELDG) rockets, Apecoin (APE) and Axie Infinity (AXS) grapple with change

Established NFT projects like Apecoin (APE) and Axie Infinity (AXS) are facing the challenge of adapting to the continual shifts in market dynamics. Meanwhile, Everlodge (ELDG) is surging by using NFTs to disrupt the $280 trillion real estate market. Such innovation has resulted in the token surging 170% during the ongoing presale event. Let’s look at the evolving NFT terrain and how these projects grapple with change.

Everlodge (ELDG): Blazing a trail in realestate

Everlodge (ELDG) is a blockchain-based platform that aims to revolutionize the real estate market by introducing NFTs. The project has generated a lot of buzz in the past few weeks, especially after a 170% surge in its token price during the ongoing presale. 

Everlodge takes advantage of the unique properties of NFTs to tokenize physical real estate assets so that they can be traded on the blockchain. This approach democratizes the real estate market and allows for greater liquidity than the current traditional market. 

The Everlodge Rewards Club feature is similar to a timeshare program, allowing holders of the ELDG token to earn rewards and discounts on fees. Members even get free stays in some of the most luxurious properties globally, which they can use or sell as they please.

We’re thrilled to announce that our website just got a makeover! ????

Check out the fresh look and discover the NEW features we’ve added. It’s all about making your experience even better!

Plus, remember that our Presale is still ON.

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— Everlodge (@EverlodgeHQ) October 23, 2023

At the heart of all this is the ELDG token. Primarily used to facilitate transactions on the Everlodge platform, it rewards holders with discounts on property purchases and maintenance fees, property raffles, holiday giveaways, and experiences. Such utility is undoubtedly a key driver of the token’s presale performance.

The current presale price of $0.027 is set to keep rising throughout the remaining presale stages. Industry experts say 30x gains on launch day are a strong possibility as word spreads about Everlodge’s innovative NFT approach to the $280 trillion global real estate market.

ApeCoin (APE)’s decline reflects shifting NFT landscape

ApeCoin is the native token for the ApeCoin & BAYC ecosystem. The creation of ApeCoin enabled a seamless exchange of value and incentivized community participation through governance. Holders can also access exclusive events, games, and services. 

ApeCoin hit a high of $39 when it was first introduced to the market in 2022, while NFT mania peaked. However, the price of ApeCoin now sits 95% lower at just $1.64. So why has ApeCoin become one of the worst-performing assets of the year? 

The answer lies in the ever-evolving NFT landscape. While Everlodge uses NFTs to represent real-world assets, ApeCoin’s value is solely based on the perceived value of its NFT ecosystem. As hype fades and competition increases, ApeCoin has struggled to maintain its initial market excitement. The BAYC floor price of $62,342 shows just how far the value of these NFTs has dropped. 

The lack of utility in the ApeCoin token has led to a loss in investor confidence and a decline in value. The ApeCoin chart shows some life as it rose from a low of $1.00 to a current price of $1.61 in the last four months, but it has a long way to go before it reaches its former glory.

Axie Infinity (AXS) price analysis for 2024

Axie Infinity is a P2E game that sees players collect, breed, and battle using creatures called Axies. These Axies are NFT characters that can be traded and sold, with their value increasing based on rarity and strength. The game gained massive popularity when it launched in 2020, and its native token, AXS, quickly followed suit. 

The Axie Infinity price surged by 100x to $165 as people flocked to the leading NFT P2E game. However, the excitement wore off and the price now trades at $7.00 after a significant drop in active players. Despite this drop, the game still has a strong community, and the Axie Part Evolutions update shows that developers are still building.

The Axie Infinity chart shows that $12 is the next resistance level, but crossing $20 is the real challenge. Breaking above $20 is key to seeing the token enter a new bullish phase, but the real success will be determined by whether the game can increase its active player base. 

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