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koinmilyoner
koinmilyoner
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Holders of the legendary Solana Meme Coin BONK are now wondering, "Is BONK going to zero?" since the price of the coin has once again seen a little decrease in a limited distribution. The purpose of this essay is to give an analysis of the current price movements of BONK and to investigate whether or not Meme Kombat, a more recent meme currency, represents a more promising investment option at the present moment. The weekend brought very great improvements for the BONK ecosystem, with this Solana-based token surpassing ERC-20-based SHIB in terms of 24-hour trading volume. This occurred despite the dramatic chop in the price movement of BONK's cryptocurrency. Traders are expecting positive price movement on the short-time frame as the BONK price seeks to retest higher resistance levels, which is the reason for this enormous increase in trading volume. This change in attitude accounts for the reason for this enormous increase in trading volume. BONK is presently trading at a market price of $0.000012, which represents a movement of -2.91% over the course of the last twenty-four hours. This is because the moving average support continues to hold. As a result of price behavior over the previous week breaking back over a pinnacle of localized resistance from the 20-day moving average (which was now around $0.00001132), the attitude surrounding the top Solana joke currency has become optimistic. As a result of the 20-day moving average (DMA) providing lower support, the price of BONK is once again in a position to retest the upper resistance level, which is located at $0.00001828. In the meanwhile, the 200-day moving average (DMA) is continuing its ascent and is making progress inside the trading channel. This fundamental moving average level is providing a lower support level at $0.00000547. Following the strengthening of technical posture, BONK price analysis displays a bullish attitude on key indicators. One example of this is the Relative Strength Index (RSI), which is now reading at a neutral 52, indicating that price action once again has the potential to go upward. While the MACD also reveals a positive divergence in price, the momentum indicator indicates a little improvement at 0.00000032, which suggests that price action is mostly dominated by upward movement. The overall picture that emerges from the research of the BONK price is one of an enhanced perspective for performance on the short-time frame. Bullish indications from indicators provide support to the concept of a rebound from the 20-day moving average. As a result, the examination of the price of BONK shows that the short-term risk: reward ratio for BONK is 2.09, which indicates a favorable entry that is defined by upside potential. However, the market is going to have a difficult time overcoming resistance going forward. #Write2Earn #TrendingTopic #BONK

13 days ago
Crypto News
Crypto News
Is Bonk Going to Zero? BONK Price Drops as the Latest Meme Coin Prepares to List on Exchanges
13 days ago
Coinpedia
Coinpedia
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The post Top Meme Coins Enter A Bull Run: DOGE, SHIB, and BONK Price Analysis appeared first on Coinpedia Fintech News With the Bitcoin price touching the peak of $52,000 after almost two years of blackout, the markets are moving like a bullet train from Japan. Amidst such recovery, the meme coins are the exciting sector with breakout opportunities.  Further, known for their sharp, volatile jumps, the top meme coins are closely followed by investors ready to catch the breakout run. With the potential for triple-digit jumps in a matter of weeks, let’s have a look at the Top Meme Coins, which are Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK). Dogecoin (DOGE) Source – TradingView With a bullish breakout of a resistance trendline, the DOGE price trend is ready for a bullish reversal. The spike in trading volume supports the breakout event projecting a sharper move for for Dogecoin.  Moreover, the DOGE price jumps almost 11% in the last two weeks, resulting in bullish engulfing candles. Further, the price jump exceeds the 38.20% Fib level, teasing an uptrend continuation.  Currently, the DOGE price trades at $0.08630 with an intraday move of 0.95% jump. Despite the higher price rejection in the daily candle, the weekly momentum could push the DOGE price higher to $0.10 this month.  Shiba Inu (SHIB) Source – Tradingview Being the second biggest meme coin per market cap, the SHIB price signals a positive sign in the weekly chart. Hampering the continuation of Lower high formations, the Shiba Inu projects a potential breakout trend for a bullish reversal.  With a cup and handle pattern breakout, the SHIB price challenges the psychological neckline at $0.000010. Approaching the upper line of Bollinger bands, the 10% jump in the last ten days signals a seismic shift in underlying sentiments.  Considering the buyers sustain the momentum, the SUIB price can start a new run above $0.000010. Further, the bounce back from the 50-week EMA adds brownie points to the bullish side.  Optimistically, the Shiba Inu price jump can scale to $0.000015 in the coming weeks and ignite a new higher high formation. BONK Source- TradingView Finding a solid ground at 61.80% Fibonacci retracement level, the BONK price concludes the pullback phase. With the bullish reversal cracking the overhead resistance trendline and the 50-day EMA, the meme coin is ready for a bull run.  Challenging and stretching the upper band of Bollinger bands, the uptrend approaches the 38.20% Fibonacci level. Coinciding with the psychological mark of $0.000015, the uptrend is up against a solid line of supply.  Further, the double bottom breakout signals a trend reversal for the meme coin. Considering the buyers manage to surpass the 38.20% Fib level, the BONK price can shoot up to the previous peak at $0.000025.   In conclusion, the Top Meme Coins are ready to skyrocket with a breakout rally and teases a sharp jump in the coming weeks. 

10 days ago
TopCryptoNews
TopCryptoNews
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With the Bitcoin price touching the peak of $52,000 after almost two years of blackout, the markets are moving like a bullet train from Japan. Amidst such recovery, the meme coins are the exciting sector with breakout opportunities.  Further, known for their sharp, volatile jumps, the top meme coins are closely followed by investors ready to catch the breakout run. With the potential for triple-digit jumps in a matter of weeks, let’s have a look at the Top Meme Coins, which are Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK). Dogecoin (DOGE) With a bullish breakout of a resistance trendline, the DOGE price trend is ready for a bullish reversal. The spike in trading volume supports the breakout event projecting a sharper move for for Dogecoin.  Moreover, the DOGE price jumps almost 11% in the last two weeks, resulting in bullish engulfing candles. Further, the price jump exceeds the 38.20% Fib level, teasing an uptrend continuation.  Currently, the DOGE price trades at $0.08630 with an intraday move of 0.95% jump. Despite the higher price rejection in the daily candle, the weekly momentum could push the DOGE price higher to $0.10 this month.  Shiba Inu (SHIB) Being the second biggest meme coin per market cap, the SHIB price signals a positive sign in the weekly chart. Hampering the continuation of Lower high formations, the Shiba Inu projects a potential breakout trend for a bullish reversal.  With a cup and handle pattern breakout, the SHIB price challenges the psychological neckline at $0.000010. Approaching the upper line of Bollinger bands, the 10% jump in the last ten days signals a seismic shift in underlying sentiments.  Considering the buyers sustain the momentum, the SUIB price can start a new run above $0.000010. Further, the bounce back from the 50-week EMA adds brownie points to the bullish side.  Optimistically, the Shiba Inu price jump can scale to $0.000015 in the coming weeks and ignite a new higher high formation. BONK Finding a solid ground at 61.80% Fibonacci retracement level, the BONK price concludes the pullback phase. With the bullish reversal cracking the overhead resistance trendline and the 50-day EMA, the meme coin is ready for a bull run.  Challenging and stretching the upper band of Bollinger bands, the uptrend approaches the 38.20% Fibonacci level. Coinciding with the psychological mark of $0.000015, the uptrend is up against a solid line of supply.  Further, the double bottom breakout signals a trend reversal for the meme coin. Considering the buyers manage to surpass the 38.20% Fib level, the BONK price can shoot up to the previous peak at $0.000025.   In conclusion, the Top Meme Coins are ready to skyrocket with a breakout rally and teases a sharp jump in the coming weeks.  $DOGE $SHIB $BONK #DOGE #SHIB #BONK #Write2Earn

10 days ago
U.Today
U.Today
Cryptos Headlines
Cryptos Headlines
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DOGE- SHIB- BONK: Jan 13 Price Analysis. Cryptos Headlines Has Launched Its Own Token Get Waitlisted Now (https://cryptosheadlinestoken.com) #memecoin #ShibaInu #BONK #Bitcoin #Altcoin

about 1 month ago
Crypto Web3 Today
Crypto Web3 Today
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DOGE, SHIB and BONK Price Analysis for February 3. DOGE/USD. The rate of DOGE has fallen by 0.65% over the last 24 hours. On the daily chart, the price of DOGE keeps trading sideways as neither bulls nor bears have accumulated enough energy for a sharp move. In this case, consolidation in the range of $0.078-$0.08 is the more likely scenario for the next days. DOGE is trading at $0.07912 at press time. SHIB/USD. Unlike DOGE, the rate of SHIB has increased by 0.47% since yesterday. Even though the price of SHIB has risen, buyers have not accumulated enough strength for continued growth. Bulls may start thinking about a midterm bull run only if they restore the rate above the $0.00000950 zone. SHIB is trading at $0.00000910 at press time. BONK/USD. The price of BONK has declined by 1% over the last day. On the daily chart, the rate of BONK is bearish as the price is once again approaching the vital zone of $0.000010. If a breakout happens, there is a high chance of a test of the support level at $0.000009246 soon. BONK is trading at $0.00001043 at press time. #Write2Earn

22 days ago
Crypto Web3 Today
Crypto Web3 Today
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DOGE, SHIB, BONK and WIF Price Analysis for February 7. DOGE/USD. The rate of DOGE has risen by 0.81% since yesterday. Despite today's rise, the price of DOGE has not accumulated enough energy to rise. Until the rate is below the $0.08028 level, there is still a chance to see a correction. Thus, the volume is low, which means that buyers are not willing to buy at the current prices. DOGE is trading at $0.07882 at press time. SHIB/USD. SHIB is less of a gainer than DOGE, rising by 0.13% over the last 24 hours. On the daily chart, the price of SHIB is looking bearish as it is still located near the support level. If the bar closes below the $0.00000880 mark, the accumulated energy might be enough for a breakout, followed by a drop to the $0.00000850 area. SHIB is trading at $0.00000889 at press time. BONK/USD. The rate of BONK has gone up by 1.72%. From the technical point of view, the price of BONK is on its way to testing the support level of $0.000009246. If it breaks out happens, traders may expect a sharp drop to the $0.0000080 zone soon. BONK is trading at $0.00001004 at press time. WIF/USD. WIF is the exception to the rule, falling by 8.27% over the last 24 hours. On the daily chart, traders should focus on the bar's closure in terms of the support level of $0.1833. If it happens below that mark, the fall may lead to a test of the $0.16 area. WIF is trading at $0.18012 at press time. #Write2Earn

19 days ago
Coinovation
Coinovation
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Will BONK reach $1 in 2024? There’s a positive sentiment around this Solana coin with its upcoming new listing. Bonk (BONK) , a meme coin with a growing presence in the cryptocurrency world, especially on the Solana network, has caught the eye of many with its vibrant meme culture and active community engagement. This buzz has driven its value up significantly. Looking forward to 2024, there's a keen interest in how BONK will perform. It stands out as the leading meme token on the Solana blockchain, boasting over 500,000 wallet holders with a current market capitalization of $904.91M USD. Originating from the Solana platform, BONK was distributed to the Solana community as a gift on Christmas day in 2022. The project's emblem, a Shiba Inu dog, draws inspiration from Dogecoin (DOGE) , another widely recognized memecoin. But BONK differentiates itself from the usual meme coin offerings by continuously innovating and introducing new products to its ecosystem. Among its achievements are launching an NFT collection, developing a trading bot, and creating a token swap platform. Furthermore, BONK has been integrated as a payment option across numerous Solana-based projects, enabling users to use BONK for various transactions like NFT minting, participating in NFT raffles, and even in casino gambling, among others. What is BONK Coin? BONK coin is a digital currency that operates on the Solana blockchain, similar to other cryptocurrencies like USDC and SRM. BONK distinguishes itself with its distinctive tokenomics, especially its mechanism for token burning, which helps in regulating its supply. The BONK Ecosystem Explained The BONK ecosystem is comprised of several key components, each offering unique services that enhance the token's utility and the overall user experience: BonkSwap: This decentralized exchange (DEX) within the ecosystem enables the trading of BONK tokens alongside a variety of other cryptocurrencies, facilitating easy and secure transactions.BonkDex: Operating as a decentralized finance (DeFi) platform, BonkDex offers an array of DeFi services, including lending, borrowing, and staking, thereby expanding the financial utilities available to BONK holders.BonkVault: This is a non-custodial wallet designed to provide users with a secure place to store their BONK tokens and other digital assets, ensuring safety and accessibility.  How Much is 1 BONK Worth Today? As per data on Binance, the current live price of Bonk stands at $0.000014 per BONK/USD, with the market capitalization now at $894.77 million USD. The trading volume for the past 24 hours is reported to be $119.00 million USD, reflecting active trading. The BONK to USD price is constantly updated, offering the latest market data. Over the last 24 hours, Bonk has seen a slight decrease of -1.33%, with a circulating supply of 63,333.51 billion tokens. New Listing for BONK Revolut, a leading European fintech specializing in banking services, is gearing up to introduce Bonk to its offerings, alongside launching a $1.2 million educational campaign aimed at familiarizing its user base with the cryptocurrency. This initiative has been put forward for consideration by the governing council of BONK. At the time of this update, the proposal has received eight affirmative votes, crossing the 75% threshold necessary for its approval, indicating strong support within the council. Despite the vote's current approval, there is still a remaining voting window of over three days. Finalizing this listing will mark another significant milestone for Bonk, following its recent addition to major cryptocurrency exchanges like Binance and Coinbase in November, further expanding its presence in the digital currency market. Bonk (BONK) Price Prediction 2024, 2025–2030 According to forecasts from Coincodex, Bonk's value is expected to decrease by approximately 3.97%, aiming for a target price of $0.00001378 by February 20, 2024. Technical analysis suggests a bullish market sentiment, with the Fear & Greed Index indicating a score of 72, signifying greed. Over the past month, Bonk has experienced a 43% rate of green days and a price volatility of 9.71%. Current analyses recommend buying Bonk, anticipating a price increase. By March 16, 2024, Bonk's price is predicted to reach $0.00001509. For the year 2025, Bonk's price is expected to fluctuate between $0.00001279 and $0.00002439. If Bonk hits the higher end of these predictions, it could see a rise of up to 70.96% from its current price. As per Coincodex, Bonk's price in 2030 could fluctuate between $0.00004875 and $0.00009188. Achieving the upper price target would represent a substantial increase of 543.94% from its current valuation. Price Predictions for Bonk Token  CoinPedia anticipates an average Bonk price of $0.000060 in 2025, with potential growth to $0.005 by 2030. DigitalCoinPrice experts project an average price of $0.000095 for Bonk in 2025, and foresee it reaching up to $0.000293 by 2030. Analysts at PricePrediction expect Bonk to trade between $0.000020 and $0.000024 in 2024, and between $0.000030 and $0.000036 in 2025. CoinGape's analysis, based on Fibonacci extensions, predicts a Bonk price of $0.0000477 in 2024, with a possibility of reaching $0.0000718 within the same year. Is Bonk a Good Investment? The viability of Bonk as a long-term investment is nuanced, presenting both challenges and potential advantages. Factors such as its pronounced volatility, limited practical uses, and somewhat restricted adoption pose significant risks. However, Bonk benefits from a robust community support, strategic alliances, and its appeal within the meme culture, which could be leveraged for growth. Considering Bonk's investment potential, it's regarded as a high-risk, high-reward option. It's crucial for investors to carefully evaluate the associated risks prior to committing any funds.  Will Bonk Go Up or Down? Predicting the future value of Bonk is fraught with uncertainty. While many forecasts show optimism for Bonk's long-term growth, historical performance of price predictions in the cryptocurrency market often fall short of accuracy. It's important to recognize that cryptocurrency prices can fluctuate widely, experiencing both upward and downward movements. Should I invest in Bonk? Deciding to invest in Bonk necessitates thorough personal research, considering not only Bonk's specifics but also the broader cryptocurrency market, including comparisons with tokens such as Solana (SOL) and Cardano (ADA). The decision to invest should be made independently, with an acute awareness that investment should only be made with funds that one can afford to lose. #Bonk #AltcoinsUnder1Dollar

9 days ago
Sefeoyin
Sefeoyin
followers

The cryptocurrency market has been abuzz with the recent surge in the price of Bonk (BONK), a meme coin based on the Solana blockchain. Over the past two days, the price of Bonk has skyrocketed by an impressive 30%, accompanied by a surge in trading volumes. However, as with any volatile market, traders and investors are cautious and wary of potential pullbacks. In this article, we will delve into the reasons behind the recent rally of Bonk, analyze the factors that may contribute to a potential price correction, and explore the broader implications for the meme coin market. Bonk's Rally and Trading Volumes Bonk's recent price surge can be attributed to a combination of factors, including increased trading volumes and positive market sentiment. The meme coin's price rally coincided with a broader recovery in the crypto market, with Bitcoin briefly surpassing the $48,000 level. This overall market sentiment has provided a favorable environment for Bonk to experience significant upward momentum. Additionally, the surge in trading volumes indicates growing interest and participation from traders. Breakout from the Descending Channel One of the key technical indicators that caught the attention of high-profile traders is Bonk's breakout from a long-running descending channel. This breakout suggests a potential reversal in the coin's price trajectory and has fueled optimism among Bonk holders. Other technical indicators, such as Bollinger bands and RSI, also support a bullish price action. However, it is important to note that technical indicators alone do not guarantee sustained price growth and should be considered in conjunction with other factors. Profit Booking and Potential Pullback While the recent rally has generated excitement among Bonk holders, traders have started to book profits on not only BONK but also its derivative token, 1000BONK. This profit booking could potentially lead to a pullback in Bonk's price as investors take their earnings off the table. It is worth noting that significant short liquidations in the broader crypto market have already occurred, and subsequent liquidation of long positions could signal a reversal or correction in Bonk's price. Other Factors Influencing Bonk's Price Apart from the technical indicators and profit booking, there are several other factors that have contributed to the recent rally in Bonk's price. Bonk announced the introduction of BONKrewards by Armada, which allows Bonk holders to earn rewards from community-built BONK Eco products such as BonkBot, SVB, and BONKswap. These developments have increased the bullish sentiment among Bonk holders and further propelled the coin's price upward. Additionally, recent developments such as BONKsquares, validator addition, and Bonk Art have also contributed to the overall market enthusiasm surrounding Bonk. Potential Risks and Market Volatility While the recent surge in Bonk's price has undoubtedly excited investors, it is crucial to acknowledge the risks and inherent volatility associated with meme coins and the broader cryptocurrency market. Meme coins, in particular, are often subject to rapid price fluctuations and speculative trading activity. Traders and investors should exercise caution and conduct thorough research before making any investment decisions in this space. Additionally, regulatory developments and market sentiment can significantly impact the price trajectory of meme coins, making them inherently risky investments. Conclusion The recent surge in Bonk's price has captured the attention of traders and investors alike. The breakout from the descending channel, increased trading volumes, and positive market sentiment have contributed to the coin's upward momentum. However, traders have started to book profits, indicating a potential pullback in the near future. It is important to approach meme coins with caution, considering the inherent volatility and speculative nature of these assets. As the market continues to evolve, monitoring key technical indicators, market sentiment, and regulatory developments will be crucial in navigating the meme coin landscape. #Write2Earn #TrendingTopic

15 days ago

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