Ethereum’s superiority has shown over the last two months. The project’s value has spiked to over $2,300, and Ethereum’s daily trading volume has consistently hit over $10 billion across on-chain and centralized exchanges.
Two projects that could be worth watching are Axie Infinity and Everlodge. A recent update could reignite the fire behind Axie Infinity, and Everlodge’s value continues to rise as its presale booms.
Ethereum ETF Delayed by The SEC
Over the last 7 days, Ethereum has declined by 0.1%, and its daily trading volume has dropped to $9.7 billion. This decline has been triggered by two events.
Firstly, the overall crypto market’s growth has slowed. Many projects are down by over 5%, and investment activity has also declined. Secondly, the US Securities and Exchange Commission (SEC) has delayed its decision on several Ethereum Exchange Traded Fund (ETF) applications.
According to James Seyffart, Bloomberg’s ETF analyst, delays have been made on applications from Hashdex and Grayscale, which were expected to be resolved before December 25th. The SEC has stated that the reason behind this delay is to gather more public input as to whether or not the Ethereum ETFs should be listed.
Axie Infinity Looks To Rebuild Its Community
If you asked an NFT expert about the top P2E games ever created, Axie Infinity would be on this list. Axie Infinity rose to fame in 2021, though its value crashed following the 2022 bull market. Now, the project announced that it plans to rebuild its community through exclusive merchandise.
Axie Infinity holders who own Mystic and Origin Axies will now be able to create their own exclusive merchandise. This decision is expected to help rebuild the Axie Infinity brand, and has so far been met with a positive reaction. In the last month, Axie Infinity’s native token, AXS, has increased in value by 15.88%, and experts believe that Axie Infinity could begin to attract new players in 2023.
In 2023, Axie Infinity released a number of features, including a new evolution for players to enjoy. However, given that the game still has a long way to go, Everlodge could be a more profitable investment.
Everlodge Introduces Fractionalized Holiday Home Investments
As Ethereum investors begin to diversify, more are buying Everlodge as the project continues to gain momentum. In Q4, the project sold out 7 presale stages, and its native token, $ELDG, is now selling at $0.027 per token.
Everlodge is the world’s first decentralized marketplace for holiday homes. Here, users can buy, sell, and invest in some of the world’s most beautiful and profitable travel real estate. The Everlodge marketplace promises to connect travel property buyers and sellers while removing the market’s barriers to entry.
After signing up and creating their account, investors will be able to look through the Everlodge marketplace for properties on sale. They can then buy an NFT fraction that represents equity in the property. The NFTs smart contract will contain all transactional data, including the deed to the property.
Once an investor purchases equity in a property, they will generate a monthly income from it. This income will range based on how much the property makes, in addition to how much equity an investor owns. The higher their equity, the more they’ll earn.
This unique ecosystem promises to also offer a launchpad for property developers, free stays for ELDG token holders, and more.
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