Cardano (ADA) and Ripple (XRP) are two of the leading cryptocurrencies often compared for being industry leaders. Amidst this intriguing rivalry, traders speculate on which cryptocurrency will reach the coveted $1 mark in 2023. Meanwhile, Everlodge (ELDG) is building momentum as traders stack up in anticipation of the platform’s launch.
When Will Cardano (ADA) Hit $1?
Cardano (ADA) is the most actively developed blockchain, but its price hasn’t lived up to expectations. Since dropping under $1 in May 2022, investors have anticipated a rally for the coin. However, the price of Cardano has failed to reclaim $1.
At the time of this writing, Cardano trades at $0.3056, 90% down from its all-time high. Cardano started this year on the bounce, increasing by 80% in the first four months. However, some factors that have limited the price increase of Cardano include headwinds from regulatory enforcement action over the status of ADA.
There have been positive signs for Cardano, including the launch of the Mithril protocol. The upgrade which brings increased decentralization to Cardano has been projected to lead to a price increase for ADA. However, the price of Cardano has been projected to hit $1 by 2024.
Can Ripple (XRP) Hit $1 Before ADA?
Unlike Cardano, Ripple (XRP) stands a better chance of hitting $1 in 2023 as its price currently stands at $0.6922. With its recent victory over the SEC, crypto experts are very bullish about the price of XRP.
The price of XRP has broken above the descending resistance line which it traded under for 700 days validating a bullish market. In addition, XRP has formed a double bottom on the daily timeframe before its next bull run.
Crypto experts have forecasted that XRP is ready for another rally. A bull market in the next few weeks would take the price of the token above the $1 mark. However, if the price of XRP falls below the $0.64 support, then it has reentered bearish territory.
Traders Stack Up Everlogde (ELDG) Before Launch
Amidst the competition between Ripple and Cardano, one new project, Everlodge (ELDG) has caught the attention of traders. Many crypto traders are stacking Everlodge tokens ahead of its launch as a price increase is expected.
There is much anticipation about Everlodge because the new project seeks to revolutionize the timeshares market. Investing in vacation homes is usually reserved for the wealthy because of the large overhead cost required in real estate.
However, Everlodge would be solving that problem.Using a unique shared ownership model based on fractional non-fungible tokens (NFTs), the project will allow investors with as little as $100 to invest in these vacation homes.
The team will work with reputable hotel chains and luxury real estate developers across the world. With the prospect of letting hundreds of thousands of investors into the timeshares industry, there are huge bullish predictions for the price of ELDG.
Now trading at $0.01 in the first presale stage, the price of the token has been projected to rise by 30x when it launches. As a result, traders are stacking up ELDG ahead of its launch.
Find out more about the Everlodge (ELDG) Presale