Grayscale Sets the Record Straight, Bonk (BONK), Cosmos (ATOM), and Everlodge (ELDG) Surge in Altcoin Frenzy
December 19th, 2023 at 1:15 pm UTC · 4 min read
/Everlodge/ – Recently, Grayscale addressed rumors about the tax implications of its Bitcoin ETFs. They clarified that capital gains tax doesn’t typically apply to grantor trusts. Meanwhile, altcoins such as Bonk (BONK), Cosmos (ATOM), and Everlodge (ELDG) are surging. While BONK and ATOM are well-established cryptos, ELDG is a crypto ICO in Stage 8 of its presale, which experts foresee surging by 30x in 2024. Let’s find out why.
Bonk (BONK): Skyrockets After New Listing
Binance announced that it would list Bonk (BONK) on its trading platform. After this news, the Bonk price increased from $0.000023 on December 15 to $0.000024 on December 16.
Based on its technical indicators, the Bonk coin reflects a Bullish sentiment, as indicated by a Fear & Greed Index rating of 67 (Greed). Moreover, Bonk has experienced 16 out of 30 days in the green in the past month alone.
Experts in the field have taken note of all these factors while making their Bonk price predictions. Their forecasts project the Bonk price to hit $0.000025 before the conclusion of 2023. This makes Bonk one of the altcoins to watch.
Cosmos Price Prediction
Cosmos (ATOM) recently announced a new product page on its website. This new page allows you to explore the smart contract framework of the Interchain, CosmWasm. In terms of the Cosmos price movement, it has increased from $10.90 on December 9 to $11.35 on December 16.
From a technical perspective, this Cosmos bullish trend may continue as 25 technical indicators are showing green. Furthermore, the Cosmos crypto value is now sitting above its 21 and 50-day EMAs – great bullish signs.
Market analysts predict the Cosmos price will reach $12.14 before 2023 ends. As a result, Cosmos may be a good altcoin to keep on your radar.
Everlodge (ELDG): Bringing the Best NFTs to Invest In
Everlodge (ELDG) will emerge as the world’s first NFT marketplace backed by real-life properties. On this platform, you can fractionally invest in hotels, vacation homes, and luxury villas just by buying fractionalized NFTs representing them. These are the best NFTs to buy since once the actual property value rises, so will the NFTs.
This innovative approach will solve many issues plaguing the real estate investment market. For instance, you will no longer need a high net worth to invest in high-end properties. On Everlodge, you can own a Miami villa on the blockchain for prices as low as $100. Moreover, since Everlodge will employ smart contracts, you won’t need to worry about manually doing rent distribution or other property management tasks.
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Everlodge’s ICO event has caused a frenzy in the crypto community as over 4.9M ELDG native tokens have been sold already. This token is the platform’s backbone, bringing you passive income via staking, trading fee discounts, and more. It is now worth just $0.027 in Stage 8 of its presale, giving those who bought it a 170% ROI early on.
The real estate market is currently valued at $280T, and Everlodge is strategically positioning itself to capitalize. Some experts even foresee a 3,000% growth after it hits major exchanges if it gains the adoption it deserves. Therefore, Everlodge may be the best crypto investment right now.
Conclusion
While Grayscale is making things clear for all ahead of the projected Bitcoin ETF approval, the interest in altcoins like Bonk, Cosmos, and Everlodge may rise. However, Everlodge gains the upper hand thanks to its low market cap.
Bonk and Cosmos have high market caps of $1B and $4B, respectively. Thus, a large new influx of funds is needed. But, Everlodge does not have this issue as it only has a market cap of $14M – fewer funds are required for a major surge. As a result, Everlodge may dominate the crypto market in 2024.
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