In the dynamic cryptocurrency market, the surge of altcoins has led to the rise of several contenders battling for dominance. Among these, Bonk (BONK), Everlodge (ELDG), and Arbitrum (ARB) have emerged as formidable players. While BONK and ARB are well-known, ELDG is a crypto ICO now in Stage 8 of its presale that experts predict could rally by 3,000% in 2024. Today, we will take a closer look at all of these altcoins.
Bonk News
The popular exchange Kraken recently announced that Bonk (BONK) trading is live. Kraken listed this Solana-based memecoin and pegged it to the USD and EUR pair. After this news, the Bonk crypto saw a value increase from $0.00001932 on December 22 to $0.00001945 on December 23.
From a technical perspective, this bullish trend may continue for the Bonk coin, as 21 technical indicators now show green. Moreover, its Fear & Greed index rating sits at 70 (Greed), which paints a bullish picture for this altcoin.
Due to all these factors, CoinCodex analysts predict that the Bonk crypto will reach $0.00001897 before the end of December 2023. This makes BONK one of the leading altcoins to watch.
Everlodge (ELDG): Providing the Top NFTs To Buy
The global real estate market is now valued at $280T – and Everlodge (ELDG) has noticed. This DeFi project aims to dominate this market by bringing something new: an NFT marketplace backed by real-world properties. Essentially, Everlodge will digitize and mint high-end hotels, villas, and vacation homes into NFTs, which are then fractionalized. These are the best NFTs to invest in, as they will gain value when the property appreciates.
Everlodge will also stand out by implementing smart contracts in its platform. For instance, you will no longer need to worry about property management tasks. On Everlodge, smart contracts will automate rent distribution, tenant agreements, and maintenance tasks.
Global investors are in a frenzy as they look to obtain the ELDG native token – the primary currency used for payments on Everlodge. Holding it will also provide you with staking rewards and access to the Rewards Club, where you can obtain free nightly property stays, which can be resold, and more.
Currently, ELDG costs just $0.027 as it is in Stage 8 of its presale. But, as the presale advances, more price hikes are expected. Those who bought it early on are experiencing a 170% ROI. Because of this, over 13.9M ELDG tokens have been sold so far. Some experts foresee a growth to $0.038 before the presale ends and another 30x surge after ELDG hits exchanges. If you buy this altcoin now, you will also receive a 10% deposit bonus.
How High Can Arbitrum Go?
Recently, there were some exciting Arbitrum (ARB) developments as its Layer-3 gaming network, Xai, announced its season one token airdrop. Arbitrum crypto developers are collaborating on this project, which consists of a token and a blockchain. Regarding the Arbitrum price movement, it has pumped from $1.11 on December 16 to $1.33 on December 23.
The technical analysis of Arbtrum also paints a bullish picture, as its Fear & Greed index rating is 70 (Greed). This bullish sentiment is also supported by 24 technical indicators showing green.
As a result, experts in the crypto field have made a bullish Arbitrum price prediction. They forecast a surge to $1.47 before the start of January 2024.
Final Thoughts
When comparing all these altcoins, we can notice that Everlodge gains a competitive edge. Notably, it has a low market cap of $14.3M, which means it will only need another $14.3M for its price (and returns) to double. On the other hand, the Bonk and Arbitrum market caps sit at $1.1B and $1.6B, respectively. This suggests a slower price growth as a larger influx of new funds is needed.
This fact, plus its utility and real-world ties to the trillion-dollar vacation rental market, make ELDG one of the top 10 altcoins.
