Crypto Picks According To Reddit: Cardano, Everlodge, BONK
Cardano (ADA), Everlodge (ELDG), and BONK have created a buzz in the Reddit crypto community. It doesn’t come as a surprise because these three cryptos are rewarding investors big time.
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In the past week, ADA is up by 44.5% and BONK by 75.9%. Meanwhile, ELDG is a new project seeing massive progress in its live presale. The token’s value is up by 170% as of press time.
Let’s see why these tokens are pumping!
Cardano (ADA) Aims for $1
Cardano (ADA) bulls are holding on tight and keeping hope alive. The coin has shown impressive growth in the past month, rising by over 45%. Following the report of Ali Martinez, a crypto analyst, ADA may post a short-term bounce before continuing its recent upward momentum.
Interestingly, the coin rallied from a low of $0.397 to $0.632 in seven days. Plus, a look at Cardano’s market cap over the past year reveals a 76% rise to over $19 billion. At this pace, analysts predict Cardano (ADA) could rise to $1.04 at the beginning of 2024.
BONK Is Climbing the Meme Coin Ladder
BONK is ending the year on high notes, rising by over 5,000% since November. Now trading at $0.00001177, the coin has surpassed PEPE and is currently ranked 3rd most traded meme coin.
You can trace this mouthwatering growth to top exchanges like Binance, which are listing the coin. Those who didn’t receive the coin’s airdrop are now looking for how to buy $bonk. Moreover, analysts believe the coin will grow more in the next bull season.
Additionally, 50% of the coin’s supply was allocated to Solana developers, artists, and supporters. This means little to no sell pressure and a stable price floor for the meme coin. If you missed the Bonk airdrop, ELDG is your chance to get in early on a project that will skyrocket in the next bull run.
Everlodge (ELDG) Is Set to Reward Early Investors
Everlodge is a new crypto project leveraging the RWA trend focusing on real estate. Usually, only rich people could rent out vacation homes and luxury villas. This platform is designed to change that narrative with the aid of blockchain technology.
Think of it as AirBnB on the blockchain. Everlodge is democratizing access to luxury homes through tokenization. Real estate Assets are tokenized into NFTs and fractionalised. This enables investors to co-own properties with other investors, thus removing the need to secure capital for a whole mortgage or property.
Everlodge offers an NFT marketplace to convert illiquid assets into liquid ones. In addition to earning rental revenue, holders will gain from an increase in the value of their NFTs should the price of the properties rise. Like Cardano, this project will vastly reward investors with further advancement.
At $0.027, the ELDG coin is presently on stage 8 of the presale. Market analysts predict a surge of at least 30x after it launches at $0.038 on centralized and decentralized exchanges. Don’t be carried away with $bonk; holders are bagging their profits already.
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