While Bitcoin halving has been historically bullish for Bitcoin and the entire crypto market, Litecoin halving failed to match up. Everlodge holders are in the green by 80% since the beginning of the project in August. Let’s find out why.
Litecoin halving fails to affect the price
What is Litecoin halving? Briefly explained, it’s when the rewards for LTC miners are halved. This is a mechanism designed to slow inflation. This is because if the miner rewards become too low, miners are no longer in profit, meaning that the miners stop or reduce mining, scarcity increases and demand should therefore grow, as less coins are going into circulation.
Litecoin holders were excitedly anticipating the halving event this August, but the price effect was… nothing. Why is that? Well firstly, around 87% of all LTC has already been mined, meaning that the effect of inflation on the currency (which will eventually become deflationary once 100% have been mined) is limited.
Perhaps more importantly, Litecoin halving has never actually affected the price of LTC or the wider market, not in 2023, 2019 or 2015. This is unlike the Bitcoin halving which has historically seemed to be bullish for the market.
Some have speculated that the wider market conditions are what is most relevant, and that as the Litecoin halving has always occurred in a bear market it has not had an effect.
Litecoin holders are currently more excited about the implementation of MWEB or MimbleWimble Extension Blocks, a technology that enhances the privacy and fungibility of Litecoin transactions. This is different from most blockchains, where transactions are openly trackable, allowing anyone to see which address is being sent to which, and how much money is being sent.
Everlodge is up by 80% and continues to rise
While Litecoin’s LTC is one of the oldest cryptocurrencies, Everlodge’s ELDG is new and in presale. The concept behind Everlodge is new as well. Their vision is to render the real estate market accessible to investors globally, irrespective of their background, nationality, or credit rating.
They aim to achieve this by building a decentralized global real estate NFT marketplace backed by tangible real estate assets. Additionally the real estate will be fractionalised as NFTs creating a low price barrier for entry. This will allow people to invest in real estate without the involvement of banks, credit checks, or geographical restrictions.
Everlodge is specifically targeting the vacation ownership market, and for this reason some are saying they are ‘where Airbnb meets web3”. This means that people who hold fractions of a property will also receive a share of the rental income. Unlike traditional Airbnb rentals however, all of this will be taken care of by the Everlodge team or relevant hotel chain, making this an easy investment for passive income.
Everlodge’s smart contracts has been audited for safety by Interfi, and the owner of the project has been KYC’d by block audit. The audits can be checked via the Everlodge website or whitepaper.
ELDG is currently on offer at $0.018, an 80% growth from the initial beta phase price of $0.01, and is set to rise by another 111% by the end of the presale. After this the coin will be launched on various exchanges and if the experts are accurate, it could grow by a further 3000%.
Find out more about the Everlodge (ELDG) Presale