25 August,2023 04:41 PM IST | Mumbai | BrandMedia
As the DeFi sector thrives, investors are searching for promising projects with growth potential. As it appears, analysts' top DeFi picks for this month are Chainlink (LINK), Aave (AAVE), and Everlodge (ELDG). These projects are gaining attention for their unique approaches to solving real-world challenges and reshaping traditional financial systems.
Summary
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Join the Everlodge presale and win a luxury holiday to the Maldives
Chainlink (LINK) is a critical player in the DeFi landscape by providing secure data feeds to blockchain applications. Its decentralized oracle network ensures that smart contracts can access real-world data, making it an essential infrastructure layer for DeFi protocols.
In recent Chainlink news, a cross-chain digital membership card will be created using the communications capabilities of CCIP as per Galaxis. As a matter of fact, Galaxis has previously created lucky draws, etc., using Chainlink's Verifiable Random Function (VRF).
As the DeFi sector expands, the demand for secure and tamper-proof data sources becomes paramount. Thus, Chainlink's network is poised to play a pivotal role in ensuring the integrity of decentralized financial applications. As a result, analysts predict that the Chainlink price could reach $9.12 by the end of 2023.
Aave (AAVE) is a DeFi platform that enables users to lend, borrow, and earn interest on their cryptocurrency holdings. With features like flash loans and a wide range of assets supported, Aave empowers individuals to participate in decentralized lending and borrowing without intermediaries.
Recently, the Aave team announced that the Aave V3 has gone live on Base, the new L2 scaling network. This integration will enable Wrapped Ethereum, USD Base Coin, and Coinbase ETH deposits on the Base platform for Aave's users.
While the DeFi space continues to evolve, Aave's user-centric approach and innovative features have contributed to its growing popularity. As a result, experts foresee the Aave price reaching $84.15 within Q4 of 2023.
Everlodge (ELDG) introduces a novel dimension to the DeFi landscape by combining blockchain technology with real estate. Through its platform, Everlodge aims to revolutionize property transactions, introducing transparency, efficiency, and accessibility to the $280T real estate market.
To clarify, Everlodge will introduce a property marketplace that digitizes and mints luxurious properties into NFTs. Afterward, it fractionalizes these NFTs. Therefore, the high costs usually attributed to the real estate market are gone. Instead, any user can become a fractional owner of a Miami villa on the blockchain for prices as low as $100.
Furthermore, the Everlodge platform introduces an innovative lending feature that adds a new layer of functionality to its ecosystem. For users who co-own properties within the Everlodge global marketplace, leveraging their property-backed NFTs as collateral to secure short to medium-term loans is a game-changing opportunity.
At the heart of this project lies its native token, ELDG, which is now worth only $0.012 - a 20% rise from its starting price. However, remember that it is in Stage 1 of its presale. With a low market cap of $5.7M, experts claim ELDG may surge much faster than Chainlink and Aave. Thus, they foresee a 30x growth after its launch on Uniswap or a top CEX.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
"Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions."
