Price Analysis: Arbitrum (ARB) and Everlodge (ELDG) Tipped to Outperform VeChain (VET) in 2024

Analysts have made revealing predictions following the ever-changing price movements of cryptocurrencies since the turn of the new year. Arbitrum (ARB) has been on a good bullish run. The Everlodge (ELDG) project's growing potential has made it one of the best crypto to buy in 2024. In contrast, VeChain's (VET) recent downtrend movement could push the token further to the bear market.  This article looks at the potential of these tokens returning high ROI in Q1 of 2024. 

Soaring Potential for Everlodge (ELDG) as Token Reaches All-time High

Everlodge (ELDG) is experiencing a renewed boost as more investors buy the token ahead of potential price gains. The Everlodge project which is currently in its stage 9 of presale is proving to be an investment worth buying.

Everlodge is an innovative property marketplace that utilizes blockchain technology to make buying and owning multimillion-dollar real estate properties easy and affordable. To achieve this, Everlodge is creating fractionalized NFTs that are backed by real-world luxury assets. Investors who buy these NFTs will own a timeshare of luxury properties from around the globe.

Moreso, investors can use their NFTs as collateral for lending on the Everlodge platform. Similarly, owners of Everlodge's native token are open to several privileges. Some of these privileges include free nightly stays in hotels owned by Everlodge, high potential for returns in the future and more.

At only $0.029, investors can purchase the ELDG token to boost their investment portfolio. Having sold up to 20 million ELDG tokens, the presale phase of Everlodge is in full swing. With the potential of rallying by up to 280% in the presale, Everlodge remains one of the best crypto to buy now. 

The Everlodge project has been audited by independent auditing firms such as Interfi Network and Block Audit. The liquidity of the token will be locked for 8 years to prevent a rug-pull scenario and also make the project a safe investment alternative. Overall, Everlodge's potential surpasses tokens like Arbitrum and VeChain, making it one of the best cryptos to invest in 2024.

Bull Run for Arbitrum (ARB) Puts Token on the Verge of Reaching $2

Arbitrum (ARB) is gunning for the $2 benchmark after recording an impressive bull in the past few weeks. Last week alone, Arbitrum gained up to 20% in price value to stay within touching distance of $2 as per data collected from CoinMarketCap. The Arbitrum trading volume has also been impressive having increased by over 50% in the last few days. 

Zooming out, Arbitrum started December at $1 but has since gained up to 90% in price value. Going by the current bull run, Arbitrum may surpass the $2 price mark by the end of January. According to DigitalCoinPrice Arbitrum price prediction 2024, the token will trade at an average price of $3.87 before the end of the year. If the impressive bull run continues, the prediction might come to pass. 

VeChain (VET) Recent Downward Spiral Discouraging Phenomenon for Potential Investors

Over the last week, VeChain (VET) has lost over 11% of its price value. For context, VeChain price has been on a downward spiral since the turn of the year having lost 12% so far in 2024.

However, VeChain trading volume has maintained a steady 70% average increase on a day-to-day basis. Nonetheless, unlike the thriving trajectories of Everlodge and Arbitrum, VeChain has not been impressive in the last few days, however, data from CoinMarketCap shows that the coin gained 30% in the last 30 days. This means there is a high chance of a resurgence in the coming weeks. 

For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.