Apecoin (APE), Axie Infinity (AXS), or Everlodge (ELDG) — Which Crypto Has Better Utility?

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Three tokens making headlines in the crypto market are Apecoin (APE), Axie Infinity (AXS), and Everlodge (ELDG). Each offers its own unique utility, but which one is really worth your investment? It’s worth noting that Everlodge is currently in the presale phase, presenting early investment opportunities that could lead to high returns. Let’s take a deeper look into the utility of each token and compare its potential.

Axie Infinity (AXS): The Evolution of P2E Gaming

Axie Infinity is a P2E game that shocked the world with its meteoric rise during the 2020/21 bull run. The game involves players breeding, battling, and trading digital creatures called Axies. These cute little creatures are non-fungible tokens (NFTs) that have real-world value through their use in the game.

This week,Axie Infinity announced that these NFTs will now evolve in a first-of-its-kind feature. This evolution mechanism takes the game to a new level of fun while adding deflationary pressure to the Axie Infinity NFTs.

Unfortunately, the price of the AXS token is still 95.60% down from the all-time high of $165.37. Some analysts note that Axie Infinity still has a relatively high market cap of $2 billion and that its utility may not be worth the current price.

However, with the recent announcements and potential for growth in the P2E gaming industry, Axie Infinity could still hold much promise. Chart analysis indicates that $8.00 is a crucial resistance level for Axie Infinity, with $20 being the line in the sand before a fresh bull run.

Everlodge (ELDG): Tokenized Real Estate Ownership for All

When compared to other cryptos like Apecoin (APE) and Axie Infinity (AXS), which are primarily focused on entertainment and virtual economies, Everlodge (ELDG) offers a distinct utility by tapping into a tangible asset class — the $280T real estate market.

Everlodge makes it possible for individuals to invest in high-value real estate properties fractionally. This approach lowers the barrier to entry for real estate investing, with just $100 enough to buy fractions of a $10 million property.

The secret to Everlodge’s approach lies in its unique tokenization process. The company mints fractionalized NFTs that represent ownership shares of the underlying property. This allows for easy transfer and trading, giving investors a seamless way to own and liquidate their holdings in real estate assets.

Like a traditional timeshare, the Everlodge Rewards Club offers benefits like free nightly stays in hotels and villas within the Everlodge ecosystem. ELDG token holders can enjoy discounts on property purchases, reduced fees for transactions and maintenance, and staking rewards.

ELDG tokens can now be bought for $0.029 during the ninth presale round. Early buyers are already 190% in the green, but there are more gains to come, as this price will keep rising as the presale rounds progress.

Industry experts note that Everlodge’s solution is a game-changer in the $280T real estate industry and could increase accessibility, liquidity, and inclusion. As such, it’s easy to see why a price spike of 30x is predicted when the Everlodge platform launches in 2024.

Can Apecoin (APE) Rebound Soon?

Apecoin is the native utility token of the Apecoin ecosystem, which is synonymous with the Bored Ape Yacht Club NFT collection that rose to prominence in 2021. Apecoin pumped to an all-time high price of $39.40 and a market cap of nearly $7 billion.

One of the primary use cases for Apecoin is access to exclusive membership benefits within the community, such as merchandise discounts, event invitations, and governance rights. Such benefits make Apecoin a valuable asset for community members, especially given the prestige and exclusivity associated with the Bored Ape Yacht Club.

However, these promised utilities have yet to materialize, leading to some skepticism among investors. Additionally, with the BAYC NFTs falling from a floor price of 152 ETH to 23 ETH, the future of Apecoin is still being determined.

Technical analysis of ApeCoin suggests that the price must surpass the closest resistance at $2.00 before we can think about any significant gains. For now, Apecoin remains a speculative investment with potential utility in the long term but with uncertainties in the short term.

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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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