BONK and ORDI Are Surging, Hedge Against A Downtrend With Top Utility Token That Has Already Surged 170%
BONK and ORDI have been two of the best-performing memecoins in 2023. Both have become extremely strong investments, building their user base faster than memecoins that came before them. However, as BONK and ORDI’s growth slows, a new utility token could become a hedge against market downtrends. Everlodge has already surged 170% and is on track to hit a new all-time high by the end of the year.
BONK Becomes Third Largest Memecoin
BONK experienced an exponential price surge in November, increasing in value by 370%. This surge took BONK’s market cap to $762 million, making it the third largest memecoin by market cap.
During this latest bull run, BONKs value propelled from just $0.0000028 to $0.000012. Its value has since decreased to $0.00001008, though BONK’s daily trading volume remains over $150 million.
As traders continue to capitalize on the hype surrounding Solana, experts believe that BONK’s value will only continue to increase. This rise will only be exacerbated by the news that BONK will soon be listed on Coinbase. This will make the memecoin significantly more accessible, thus further driving up its trading volume and value.
ORDI Surges 112% In November
ORDI was the first BRC-20 token to be created using the Ordinals Protocol. Since being listed on exchanges in May 2023, the project has gained significant traction, hitting a market cap of over $1 billion. Analysts believe that early listings propelled ORDI’s value by exposing the project to a large investor base.
Post-release on exchanges, ORDI experienced a price increase of over 1000%. This suggested that the demand for tokenization and applications through the Ordinals Protocol is higher than expected.
In November, ORDI experienced an additional 112% price surge after it was listed on the Binance exchange. ORDI is now trading at $48.09 and has a daily trading volume of over $700 million.
Could Everlodge Be A Hedge Against Downtrends?
Much like BONK and ORDI, Everlodge is expected to become a big hit over the next 6 months. This lucrative new project is designed to disrupt the market for holiday properties, offering fractionalized investment opportunities to everyday investors.
Using Everlodge an investor can purchase NFTs that represent equity in a property. This gives them a percentage of ownership in a property, which offers the same rewards, such as rental income and the benefits of appreciation.
Unlike traditional property purchases, buying through Everlodge is designed to be as easy as possible. No unnecessary paperwork is involved, and investors don’t need to undergo significant background checks to get started. Instead, they simply sign up, search for properties they like and buy
We're thrilled to announce that our website just got a makeover! 💻
— Everlodge (@EverlodgeHQ) October 23, 2023
Check out the fresh look and discover the NEW features we've added. It's all about making your experience even better!
Plus, remember that our Presale is still ON.
Explore now: https://t.co/SIYWBylwQD#RWA pic.twitter.com/aTuT8x7z36
Everlodge will showcase holiday homes, luxury villas and hotels to begin, and will also let investors support new developments as part of its Launchpad.
Another unique feature offered by Everlodge is its timeshare opportunities. ELDG token holders will earn free stays at hotels and villas throughout the Everlodge ecosystem. For example, if Steve holds 10,000 ELDG tokens he will earn a weekly stay at a vacation property free of charge. These stays can be used as a free holiday, or sold on a booking site.
With so many unique features, Everlodge is already proving to be a popular presale. Tokens are currently selling fast during phase 8, with ELDG tokens selling at $0.027. Tokens are expected to surge 30x upon launch, which, alongside the numerous holder benefits makes Everlodge a great investment.
