In the recent bull market, many coins have shown significant surges. Today, those in the spotlight are Bonk and Everlodge. They are showcasing a continual rise in value and plenty of market innovation during the last month.
Bonk: Memecoins to the Moon
Bonk (BONK), a Web3 community meme-coin on the Solana network, has reached $0.00001204, marking a 424% surge during the last 30 days and a 70% surge in the last 7 day, hitting a market cap of 733 million USD. The rise of Bonk last month has completely outpaced other meme-coins such as Dogecoin, Shiba Inu, and Pepe. This growth made it the third biggest meme-coin by market cap, leaving behind Pepe.
There are many challenges ahead, though. Bonk sits far behind Dogecoin’s $13 billion market cap and Shiba Inu’s $5.7 billion.
Bonk’s success is closely tied to Solana, which Solana also rose almost 20% last month. The rise of interest in the Solana network will likely bring more and more attention to BONK. SOL even outpaced Ethereum’s NFT sale volume on 8 December, only for a short time, but this is another indication of its increasing popularity.
Even though its rise has been significant, Bonk’s price surge has started to slow down and even reversed in the last 24 hours. Markets are seeing a 22% decline in a 24-hour timeframe. This is why traders are looking at a new altcoin that could rival Bonk.
Everlodge: Fractionalizing Real Estate
Unlike BONK, which is mostly based on hype and lacks utility, Everlodge provides utility and not only hype. It allows the fractionalization of real estate on a digital platform, creating passive income for token holders and users.
Everlodge (ELDG) has already seen an increase of 170%, and it is expected to go up 280% during the presale stage and 30x at the launch date. The initial price of the ERC-20 token was 0.01$, hitting 0.027$ currently, and will soon reach 0.035$. As soon as the presale ends, the ELDG rocket is set to 30x on the launch date.
Some of the utility it provides is, for example, the ability to benefit from the ever-inflating real estate prices. Users can earn income without having to purchase a whole villa on their own, or without dealing with forms and taxes. It all happens while also being as liquid as possible!
Moreover, instant sales of fractional ownership on the marketplace make Everlodge much more convenient than traditional real estate.
With the value rising with each stage during the presale period, Everlodge is in a great position to tap the global real estate market worth over $280 trillion. There are also numerous opportunities in the growing trillion-dollar hospitality and vacation rental market.
Bonk has certainly made huge strides with a 424% surge, and Everlodge with its 170% rise. However, Bonk has started to stagnate. While moving averages show a buy signal, oscillators are showing – a sell. On the other hand, Everlodge will see a steady rise to 0.035$ until the end of the presale stage, while analysts expect a 30x rise during the launch date.
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