In this article, we'll take a look at the current status of three tokens: Axie Infinity (AXS), ApeCoin (APE), and Everlodge. While Axie Infinity (AXS) and ApeCoin (APE) seem to be stuck in a stale tale of issues, there's a fresh rise of optimism surrounding the latter.
Axie Infinity (AXS) players are having problems with a bug that is making them lose ranks even if they play the daily match quota. This bug of Axie Infinity (AXS) is related to the "Victory Stars" decay penalty. Players of Axie Infinity (AXS) are upset because they are losing their hard-earned progress. The developers of Axie Infinity (AXS) are aware of the bug, but haven't fixed it yet.
Players are hoping that the Axie Infinity (AXS) developers will fix the bug soon. The price of Axie Infinity (AXS) has dropped significantly. Axie Infinity (AXS) is now $4.60, which is a 97.22% drop from its all-time high of $165.37.
ApeCoin (APE) has strong technicals, but its price is struggling
InvestorsObserver gave ApeCoin (APE) a technical strength score of 79. The score comes from historical trading patterns, support and resistance levels, and the coin's position relative to its long-term average. ApeCoin's (APE) technical analysis score is better than 79% of other cryptocurrencies, which is good news for long-term investors.
However, ApeCoin's (APE) price is currently $1.16, which is below its 100-day moving average of $2.22. ApeCoin's (APE) price is far from its 52-week low of $1.39, and its high of $6.39.
Overall, ApeCoin's (APE) technical strength is good, but its price performance is still not great. Thus, investors who are interested in ApeCoin (APE) should be aware of the risks involved.
Everlodge (ELDG): A Fresh Rise of Promise
A report from Data Bridge indicates that the global Vacation Rental industry can account for $123.81 billion by 2030. Everlodge has revolutionized this industry by harnessing the power of blockchain technology. This new platform has made it easier, and more profitable for people to invest in vacation homes. ELDG is its native token.
Through this platform, individuals can purchase luxury vacation homes for as little as $100. It mints NFTs (non-fungible tokens) for real estate properties. The NFTs are then fractionalized into smaller units. The information about the property is maintained in its metadata.
The NFTs’ market value will be linked to the price of the property. Notably, with time, there has been a rise in property values. Thus, the price of these NFTs could keep surging. The platform has four components - rewards club, lending, launchpad, and marketplace.
Everlodge will give token holders perks like discounts, rewards for staking, free stays, and more. Additionally, the platform will work with only the best hotels, and developers to pick the perfect properties for its ecosystem.
The third stage of the token presale is currently underway. A token is now available to lock at $0.018, an 80% increase from its initial price. By the end of the presale round, the token’s value can increase by 280%.
Find out more about the Everlodge (ELDG) Presale