Is Bonk Going to Zero? BONK Price Drops as the Latest Meme Coin Prepares to List on Exchanges

Is Bonk Going to Zero? BONK Value Drops as the Newest Meme Coin Prepares to List on Exchanges

Legendary Solana Meme Coin BONK has over yet again undertaken a minor localized tag drop, and now, holders are asking, ‘is BONK going to zero?’

This article will provide an prognosis of BONK’s most as a lot as the moment tag dispositions and gape to acknowledge whether or no longer a more moderen meme coin, Meme Kombat, represents a more promising funding replacement at present.

Despite the unstable cut in BONK tag action, the weekend noticed optimistic dispositions for the BONK ecosystem, with this Solana-based entirely token flipping ERC-20-based entirely SHIB in 24-hour trading quantity.

BREAKING: @solana MEMECOIN $BONK (@bonk_inu) FLIPS @ethereum PEER $SHIB (@Shibtoken) IN 24H VOLUME pic.twitter.com/4Ws23AowMy

— DEGEN NEWS 🗞️ (@DegenerateNews) February 12, 2024

The reason for this mountainous uptick in trading quantity stems from a shift in vendor sentiment, with markets expecting upside tag action on the immediate-time-frame as BONK tag attempts a retest of greater resistance ranges.

BONK Value Prognosis: As BONK Mounts 20DMA Beef up – Retest Rally On the Horizon or is BONK Going to Zero?

As transferring moderate enhance continues to abet, BONK is presently trading at a market tag of $0.000012 (representing a 24-hour switch of -2.91%).

The bullish sentiment surrounding the head Solana meme coin comes after tag action at some stage within the final week broke aid above a capstone of localized resistance from the 20DMA (now stood at $0.00001132).

With the 20DMA now offering lower enhance, BONK tag is over yet again primed for a retest of the upper resistance stage at $0.00001828.

Meanwhile, the 200DMA continues to ascend and beget headway into the trading channel, with this bedrock transferring moderate stage offering a lower enhance stage at $0.00000547.

As technical positioning strengthens, BONK tag prognosis finds optimistic sentiment on key indicators, similar to the RSI which is reading at a neutral 52 (suggesting tag action over yet again has the capacity to push up).

Whereas the MACD additionally reflects bullish divergence in tag, as the momentum indicator indicators minor development at 0.00000032, suggesting upside trot is dominating tag action.

Total, BONK tag prognosis depicts an improved peep for performance on the immediate-time-frame, with bullish indicators from indicators bolstering the premise of a bounce from the 20DMA.

This leaves BONK with an upside target at resistance round $0.00001828 (a most likely +51.58%).

While downside possibility can also stare BONK tumble to lower enhance at $0.00000909 (a imaginable -24.6%).

BONK tag prognosis therefore finds a immediate-time-frame BONK possibility: reward ratio of two.09 – a honest entry characterised by upside doable – however facing a troublesome battle with resistance on the aspect street ahead.

But whereas BONK looks intent on a break route with resistance, one other emerging play is gaining fleet traction in a rival meme coin comeback – introducing Sponge V2.

Sponge V2 Originate ($SPONGEV2): Last Likelihood to Purchase – Poised To Outperform BONK Value and A complete lot of Solana Meme Coin?

Sponge V2, the most as a lot as the moment iteration of the popular Sponge ($SPONGE) meme coin, is making waves within the cryptocurrency market.

Following the excellent success of Sponge V1, which peaked at nearly $100 million in market cap and amassed over 13,000 holders, Sponge V2 arrives with promising enhancements and opportunities for merchants.

The manner to Accomplish Sponge V2, Staking Mechanics explained and P2E Integration

Delighted Monday, frens 🙌$SPONGE #SpongeV2 #Web3 #Crypto #Altcoins #Bullish #100x pic.twitter.com/Cs2EeD2BKj

— $SPONGE (@spongeoneth) February 12, 2024

Buying Sponge V2 is uncommon:

• Stake Sponge V1: Purchase and stake V1 tokens by the use of Sponge.vip or stake your present V1 tokens.
• Assassinate Extra V2: The longer and more V1 tokens you stake, the more V2 tokens you build.

Be taught more: Simplest Crypto to Make investments In 2024

Sponge V2 introduces Play-to-Assassinate (P2E) utility, bettering its ecosystem.

Stake your V1 tokens to construct V2, and engage within the upcoming P2E game to construct further $SPONGEV2 tokens.

Furthermore, this P2E game, a brand unusual utility within the Sponge ecosystem, will feature both free and paid versions for enhanced gaming and incomes experiences.

Fresh Aspects of Sponge V2 Over BONK Value Prognosis

• Uncommon Rep entry to: Assassinate $SPONGEV2 solely via $SPONGE staking.
• Bonus Rewards: Procuring for and staking $SPONGE offers special $SPONGEV2 bonuses.
• Passive Earnings: Staked $SPONGE tokens yield passive rewards, initiating at a minimal 40% APY.
• Everlasting Transition: Staking V1 tokens will result in their permanent locking, transferring the focal demonstrate V2 put up-originate.

Sponge V2 Roadmap and Future Possibilities

Sponge V2’s roadmap is ambitious, concentrated on 10,000 holders, Tier 1 CEX listings, and a $100M market cap.

The originate stages consist of the Sponge game’s model and the Sponge V2 claim and itemizing.

Sponge V2 is no longer appropriate a sequel to its predecessor; it’s a reinvention with a level of curiosity on utility and neighborhood engagement.

The mix of P2E and uncommon staking mechanisms beget it a standout challenge within the meme coin domain.

Pause awake up to now on Sponge V2’s budge via social channels and gape its enhance within the crypto world.

Rep Sponge V2 Here

Disclaimer: Crypto is a high-possibility asset class. This article is provided for informational functions and does no longer constitute funding suggestion. You can also lose your complete capital.

Source : cryptonews.com