Is Bonk Dead? BONK Price Chops and Newest Meme Coin Smog Pumps 1185%

Is Bonk Needless? BONK Tag Chops and Most up-to-date Meme Coin Smog Pumps 1185%

As the main Solana meme coin continues to fight on within the tip 100 cryptocurrencies, BONK label has flipped abet into a bullish technical constructing above the 20DMA.

This text will provide an analysis of BONK’s most up-to-date label trends and glimpse to glimpse whether or no longer a more moderen meme coin, SMOG, represents a more promising investment different presently.

Certainly, in spite of more than two months of downside label motion, BONK label is exhibiting its first glimmer of hope since January 10 as a sweeping green candle hammers label abet above the lifeline 20DMA.

BONKz: The Game 🕹️

Play as the BONKz doggo and fight off waves of enemies.$BONK paid out EVERY WEEK to the most sensible scorers!

Play under 👇 pic.twitter.com/QURzmZbG1Z

— BONKz (@BonkzNFT_) February 7, 2024

The restoration pass comes as BONK stays within the tip 100 cryptocurrencies, as an military of holders push to cement BONK’s design as the tip Solana-basically based completely coin via immediate GameFi ecosystem development.

This effort has viewed two homebrew neighborhood video games launched over the past few weeks – ImSoNFT and Bonkz.

BONK Tag Analysis: As BONK Token Hammers Aid Above 20DMA – Can Tag Motion Flip 2-Months of Plot back?

With label motion rebounding into sure territory, BONK is trading at $0.00001136, marking a 24-hour lengthen of +9.86%.

This uptick in sentiment accompanies a vital restoration, propelling BONK’s label above the 20-day transferring moderate (20DMA), which stands at $0.00001095.

This advancement past the 20DMA represents the principle a success pass since a January 10 strive failed at a local excessive of $0.000018, underscoring the significance of this resurgence against upper resistance.

The 200-day transferring moderate (200DMA) has been a reliable source of reduction all the perfect design via a month-plus consolidation length, sitting at $0.00000520. This represents a -53% divergence from the most modern label, offering a true reduction tainted for any doubtless downturns.

The technical outlook is definite, as evidenced by the 20 and 200DMA, with BONK’s key indicators pointing towards bullish doubtless. The Relative Energy Index (RSI) is at a balanced 50.19, indicating room for development within the cease to future.

This sure sentiment is extra bolstered by a shift within the Keen Realistic Convergence Divergence (MACD), which presentations a minor bullish divergence at 0.000000010 following recent upticks in label.

Total, the analysis of BONK’s label paints an optimistic image.

The most up-to-date technicals imply that BONK is determined for a immediate-term upward poke, transferring far flung from any on the spot risk of a downturn.

BONK’s label also can upward thrust to an upper resistance of $0.000015, offering a +35.2% designate.

Conversely, there’s a downside risk of BONK falling to $0.00000915, marking a -19.91% fall.

This affords BONK token a immediate-term risk: reward ratio of 1.77, indicating a moderate entry level with cheap upside doubtless.

Despite sure sentiment from BONK label analysis, its cease to-future gains will most definitely be capped attributable to its colossal $690M market cap.

For superior returns on the Solana chain, a smaller-cap different like SMOG token, which surged to $37M upon its launch the day long gone by, might provide basically the main returns.

Introducing SMOG Token: Defiant Unique Solana Memecoin Sets Out to Living off Viral Airdrop Campaign in Meme Coin First

$SMOG champions the slogan “No meme coin can continue to exist the fiery flames of SMOG,” offering holders gather admission to to the elite ‘The Dragon’s Court’ crypto neighborhood.

This neighborhood aims to aid out unmatched virality within the meme coin enviornment.

They function this by launching involving, interactive, and continuous multi-airdrop campaigns to playfully have interaction customers.

To participate, participants should always aquire and withhold $SMOG, which enables them to build airdrop functions. Although the exact rewards and specifics of the airdrop campaigns are yet to be published, the sense of anticipation is rising.

Moreover, $SMOG holders can have the abet of a neighborhood bounty produced by the marketing campaign, extra incentivizing the retention of their holdings.

SMOG Token Objectives To Free up Significant Virality Thru Airdrop Campaign Community – Huge 50% of Token Supply Designated to Advertising and marketing

The Smog venture’s tokenomics spotlight the group’s dedication to attaining viral success for his or her airdrop marketing campaign.

Builders have earmarked a vital 50% of the provide for marketing, showcasing their ambitious plans.

They’ve reserved a vital 35% of the provide for future airdrop rewards, highlighting the promise of beautiful prizes.

Efforts to decrease the circulating provide put the SMOG token for a stronger open up in contrast to earlier Solana meme coin surges like BONK, which has viewed a ambitious +862% year-to-date (YTD) designate in spite of its pullbacks.

Behold The Dragon’s Lair: Exploring Smog Token’s Intensive Roadmap

The venture’s future is printed in an intensive roadmap, showcasing several involving milestones.

Key highlights contain the introduction of a staking characteristic, suggesting upcoming airdrop initiatives. Moreover, discussions of a doubtless burn mechanism and plans for a couple of future airdrop launches are mighty.

Uniquely, the venture additionally lists the milestone purpose of accomplishing 10,000+ so-known as ‘Staunch Chosen’.

Becoming a member of this unfamiliar and enigmatic neighborhood requires want and a pledge to the SMOG realm through several neighborhood initiation rituals. This dedication comes with the promise of enhanced airdrop rewards.

Tips about how to Aquire SMOG Token and Rob part in SMOG Airdrop Campaign?

In expose to participate within the SMOG airdrop marketing campaign, traders will should always make narrate of a Solana-like minded pockets similar to Phantom.

Then using SOL, USDT, or BONK tokens customers can swap for Smog throughout the Jupiter DEX aggregator or Birdeye.

To toughen your probability of want for the Staunch Chosen and improve your airdrop earnings, have interaction in winding up the neighborhood job listing on Zealy.

Join the Smog neighborhood on X (Twitter), Discord, and Telegram to live tuned with the most modern news and updates.

Explore the Lite Paper to uncover more.

Aquire SMOG Here

Disclaimer: Crypto is a excessive-risk asset class. This text is geared up for informational functions and does no longer represent investment advice. It’s doubtless you’ll also lose all of your capital.

Source : cryptonews.com