It has been an eventful week in the crypto landscape. From Bonk’s (BONK) listing on Coinbase to KuCoin agreeing to block New York users and pay $22 million in settlement fees, it is shaping up to be a week to remember. Meanwhile, the Everlodge (ELDG) presale recently entered its eighth stage and is selling out fast. Poised for a 50x rally after launch, it is one of the altcoins to watch.
This post will cover the recent developments in Bonk and KuCoin. Further, it will discuss why Everlodge is the best new crypto to invest in. Let’s begin.
Bonk (BONK): Coinbase Listing Result in Excitement and Price Rally
Coinbase, one of the world’s largest crypto exchanges, announced the listing of Bonk (BONK) via X (formerly Twitter) on December 13th. The exchange added support for the memecoin on the Solana network, with trading starting on December 14. Undoubtedly, this Bonk news was met with excitement, with the token rallying alongside.
This development has been anticipated for a while. After all, it is the most popular memecoin on Solana. At the moment, the Bonk price is soaring, rising by over 50% in the past 24 hours.
With this price gain, Bonk Crypto has further cemented its status as the third-biggest memecoin, surpassing Pepe. With optimism and excitement on the rise, its rally will likely persist for a while.
KuCoin (KCS): Closing New York Market
In recent KuCoin news, the exchange agreed to block New York users from its platform. Further, the company will be paying $22 million to settle the lawsuit. It is to be recalled that in March, the platform was accused of failing to register with the state before allowing the trading of cryptocurrencies.
According to Attorney General Letitia James, crypto companies must play by the same rules as other financial institutions. However, this development has yet to have any impact on the price of the KuCoin token.
At the time of writing, the KuCoin price is in an uptrend. The price is currently above $13, and its traction doesn’t appear to be slowing down.
Everlodge (ELDG): Why is it selling out?
Everlodge (ELDG) is the most promising narrative in the crypto landscape at the moment. It stands at the intersection of the traditional real estate sector and the novel blockchain industry. By utilizing the power of blockchain technology, it will transform the vacation home industry, making it accessible to investors.
Historically, the property market has been reserved—unfairly—for the wealthy. Despite shelter being a fundamental human need, a large portion of the human population is unable to own or invest in real estate. This is because of the ridiculously high entry barrier, which is mostly financial.
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However, that is about to change with Everlodge. It will establish the first property marketplace on the blockchain, allowing investors to co-own and fractionally invest in luxury properties. This novel platform will employ a fractional investment model and NFTs, which will drastically lower entry barriers.
With as little as $100, investors can co-own a multimillion-dollar property in Las Vegas. As co-owners, they will earn passive income through rentals and appreciation of properties.
Given the above, it comes as little surprise that the presale is selling out fast. This crypto ICO is currently in the eighth stage, and a token costs only $0.027. According to experts, its price will rally by 50x after launch, making it one of the best coins to invest in.
Summary
KuCoin closing its services to New Yorkers might be seen as a continuous crackdown on crypto in the US. Nevertheless, it has yet to affect the token’s rally. A more exciting development is the listing of Bonk on Coinbase, a US-based exchange. Meanwhile, investors have shifted their focus to Everlodge, a unique project. Its presale is selling out fast, and it is aiming for a 50x rally after launch.