As we venture into the new year, meme tokens like Pepe coin and Bonk Coin are making waves in the blockchain technology and cryptocurrency market trends. Interestingly, BONK coin, a popular digital asset, has seen a 12% decrease in the past week, suggesting a potential decline in the token’s hype. As 2024 is just beginning, it’s yet to be seen whether the year will be marked by hype or by a shift towards practical utility, as demonstrated by the presale project Everlodge, a pioneer in Decentralized Finance (DeFi).
BONK Coin Experiences a 12% Decline Over the Past Week
Bonk coin (BONK), ranking as the third-largest meme coin in the Solana (SOL) ecosystem, experienced a nearly 10% drop on Tuesday, reflecting the broader crypto market downturn and market volatility. Despite a decline in late Q4 2023, Bonk coin’s price witnessed a surge in late October, likely driven by the rise of the Solana blockchain token, a significant player in financial technology (FinTech).
On-chain data from Dune Analytics indicates a recent decrease in Bonk coin transactions, which could have contributed to its price drop. However, the number of users, a key factor in liquidity, continues to grow, exceeding 100,000 on December 29 and currently standing at approximately 109,800.
Crypto Experts Jeremy Cahen and Crypto Kaleo Foresee a Bright Future for PEPE Coin
Jeremy Cahen, an experienced trader and the visionary behind Not Larva Labs, draws compelling parallels between Pepe coin (PEPE) in 2024 and the renowned Dogecoin of 2020, with both having market capitalizations around $600 million, indicating their potential as investment strategies.
Crypto Kaleo, drawing on Cahen’s insights, predicts a promising future for Pepe coin price, particularly as Ethereum embarks on its parabolic rise. Similar to Bonk’s price increase in tandem with Solana’s success, Pepe’s coin price is expected to surge alongside Ethereum’s (ETH) rise. Cahen astutely notes that $PEPE appears to be linked to Ethereum, often showing a more pronounced rise when Ethereum appreciates, indicating the importance of smart contracts in the ecosystem.
Crypto Kaleo foresees a bullish trajectory for Pepe coin price, predicting the frog-themed token to reach a record-breaking all-time high and secure a market capitalization between $5 and $10 billion. If this prediction materializes, Pepe coin could emerge as one of the top cryptocurrencies to invest in, offering a promising return on investment (ROI).
Everlodge (ELDG) Utility Tokens: Pioneering a New Era in Real Estate Investment
Everlodge (ELDG) is set to revolutionize the real estate sector. This platform aims to transform how traders and investors interact with the real estate market by tokenizing properties into NFTs, a novel approach in asset tokenization.
Everlodge intends to convert these properties into NFTs and then divide them into smaller fractions, each valued at just $100. This innovative approach enables anyone to buy a fraction of a property, facilitating smart diversification strategies. Moreover, the platform includes a Rewards Club, where traders can earn free nightly stays and flip them for additional gains. Notably, if the real-world property appreciates, so does the value of the NFT, indicating the potential of Non-fungible tokens (NFTs) in the real estate market.
Currently, Everlodge is in a significant accumulation phase, with the ELDG token priced at a mere $0.029 during Stage 9. As the crypto ICO concludes, analysts anticipate a substantial upswing, potentially a 10x increase, marking the end of the hype cycle and the beginning of a new era in investor sentiment.
While Bonk Coin and Pepe Coin experienced unexpected surges, creating several millionaires based solely on hype, Everlodge offers more by providing practical applications for its project. This serves as a secure reserve for investors’ capital, marking it as a promising cryptocurrency to invest in, and a testament to the power of practical utility in the world of cryptocurrencies.
