Tech

Pepe and ApeCoin Are Down Bad, Is Bullish Rated Everlodge a Better Alternative?

09/21/2023
Bitcoin Ethereum News

Pepe

Memecoins Pepe and ApeCoin made many holders very rich, but they are now sitting at a fraction of their all time highs. Everlodge is new and has huge potential, could it be the next big thing? Let’s find out.

Join the Everlodge presale and win a luxury holiday to the Maldives

What is Pepe all about?

PEPE is an eccentric memecoin that developed a cult following. The origins of PEPE can be traced back to the Pepe the Frog internet meme, which depicts an anthropomorphic frog character created by artist Matt Furie in 2005. This meme is loved by crypto traders among other netizens, and is often seen in Telegram chats and more.

In April 2023, anonymous developers launched the PEPE memecoin, featuring the likeness of Pepe the Frog as its mascot. By May 20th, the coin had grown by an amazing 1000%. However today it is currently down by over 580% from the all time high.

The PEPE memecoin paid homage to the online Pepe meme culture. Despite its satirical nature, PEPE cultivated an ardent community of followers who drove up the coin’s value, with limited supply and meme appeal creating hype.

However, for as many memecoins that have made it big, hundreds more have failed. Investors looking for big profits should aim for projects with more utility.

The history and price action of ApeCoin

ApeCoin originated in 2022 as the official cryptocurrency of the Bored Ape Yacht Club (BAYC) – a highly sought-after NFT collection that was later acquired by Yuga Labs. This exclusive club of cartoon ape NFTs has become a cultural phenomenon and status symbol, with members including celebrities buying in at astronomical prices. Crypto users changed their profile pics (PFPs) to the Apes to show their belonging to the club.

Riding on the mania surrounding BAYC and its eccentric billionaire club aura, ApeCoin was launched ambitiously amidst much hype. Despite no clear utility beyond being a governance token for the Ape ecosystem, the crypto confounded skeptics as ApeCoin soared to a multi-billion dollar market capitalization shortly after launch.

Since then Yuga Labs have declared that they will create a metaverse and ApeCoin will be the preferred currency. However at time of writing development seems halted and ApeCoin is down by 95% from its all time high of $26.70, at just $1.08.

Everlodge

Everlodge goes beyond the memes into true utility

One of the reasons that PEPE and ApeCoin made early holders so wealthy was because they started out with very low marketcaps, meaning that only a small amount of money was needed to propel the coins into a high value.

Everlodge has this potential too, as it is a brand new project in presale, with a current market cap of around $14 million, vs ApeCoin’s current market cap of around $150 million.

Perhaps more importantly, Everlodge has a solid concept behind it – that of enabling investors to gain a share in real estate properties around the world.

While many memecoins end up being rug pulls, its good to know that the Everlodge token is not a memecoin, and its smart contracts have been independently audited. The team founder has also KYC’d meaning that investors don’t have to worry about a fly by night operation.

Everlodge’s coin – ELDG – is now for sale on their website for $0.018, and experts believe that a 60x from here is quite likely.

Find out more about the Everlodge (ELDG) Presale

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge

Source: https://www.analyticsinsight.net/pepe-and-apecoin-are-down-bad-is-bullish-rated-everlodge-a-better-alternative/