Bonk Price Prediction as BONK Approaches All-Time High – Could $1 Be Next?
Bonk Designate Prediction as BONK Approaches All-Time High – Can also $1 Be Subsequent?
The Bonk worth has jumped by 9% this day, rising to $0.00002324 as the cryptocurrency market as a complete suffers a 0.5% dip.
BONK has now won 100% in every week and by 113% within the last 30 days, with the meme coin exploding within the course of this week’s ETF-linked market-broad rally.
It additionally sits on a broad 3,100% amplify over the past yr, with the coin now only 32% down from its ATH of $0.00003416 after spending considerable of January and February declining.
As such, BONK might perhaps post further beneficial properties within the coming weeks, particularly as the market becomes extra bullish and alt season begins.
Bonk Designate Prediction as BONK Approaches All-Time High – Can also $1 Be Subsequent?
BONK’s chart has reached an spell binding juncture, with the coin taking a witness overbought nonetheless additionally about to ascertain its resistance degree (purple).
Its RSI (red) passed 80 within the early hours of the morning and has begun to melt its ascent, suggesting a microscopic tumble in momentum.
On the varied hand, its worth has shot smartly beyond its 30-day average (yellow), which in flip is now rising considerable extra vigorously beyond its 200-day average (blue).
BONK’s 24-hour procuring and selling quantity has additionally ballooned in most contemporary days, rising from $50 million every week within the past to $750 million this day.
This would now be attention-grabbing to witness if the coin can decisively damage through its most contemporary resistance degree, which sits at across the $0.000025 worth.
If it is going to push past this worth, it can perhaps lengthen its most contemporary rally a cramped further, presumably into the next week or so.
And with whales serene gathering the token, there’s every likelihood of further beneficial properties within the terminate to future.
Recently the worth of $BONK has increased by extra than 50%!
A SmartMoney accrued 98B $BONK($1.54M) from #Binance again earlier than the worth increased.
He currently holds 319.44B $BONK($7M), with a profit of $2.9M.https://t.co/1oXGa1QlKp pic.twitter.com/TXYw2H07yz
— Lookonchain (@lookonchain) February 29, 2024
Nonetheless, there’s absolute self assurance that the Bonk worth will favor to lawful in some unspecified time in the future, though the quiz is when.
For the time being, the broader market is taking a witness decidedly bullish, one thing which by itself would be satisfactory to abet BONK rising extra or less persistently over the next couple of months.
A combination of rising Bitcoin ETF volumes, the drawing terminate Bitcoin halving and additionally expectations of price cuts has helped to push up the cryptocurrency market, and in some unspecified time in the future, lets witness a corpulent-blown alt season.
This would contain Bonk, which can perhaps be on course to prevail in $0.00003 within the following couple of weeks.
New High-Skill Meme Tokens
Merchants might perhaps favor to depart BONK on my own for the time being, provided that it has entered an overbought web site.
Fortunately, there are hundreds various promising meme coins within the market as we negate, alongside with several newer meme tokens that witness prepared to rally mighty as they list on procuring and selling platforms.
One of many most attention-grabbing examples of this as we negate is Frog Wif Hat (FWIF), which is an Ethereum- and Solana-essentially based meme coin that just currently listed on Uniswap.
It’s up by spherical 20% within the past 24 hours, with the coin conserving onto most of its initial beneficial properties, in distinction to many different newer tokens.
Indeed, it’s currently up by 220% since itemizing in the direction of the stay of February, outperforming many extra established tokens, as well to various contemporary coins.
Rather than its playful utilize of memes, what’s attention-grabbing about FWIF is that it has a 100% circulating provide, with no allocation to its team or marketers.
This makes it one amongst the extra transparent contemporary meme coins spherical, in that its team or issuers is no longer going to have a mighty allocation that they might perhaps mercurial dump.
🚀 $FWIF is now are living on #CoinGecko!
Test it out below 👇💚https://t.co/y5VaxzjAno
Le frogolution continues! 🐸🎩🥖#FrogWifHat #MemeCoin #Crypto #AltSeason pic.twitter.com/Jj7fBlMBvT
— Frogwifhat (@Frogwifhat_coin) February 29, 2024
Making FWIF seem considerable extra bullish is the truth that it hasn’t listed on any exchanges various than Uniswap yet, so it can perhaps if fact be told take off as soon as extra procuring and selling platforms originate adding it.
Focus on with Frog Wif Hat Here
Disclaimer: Crypto is a high-likelihood asset class. This article is equipped for informational purposes and does no longer say funding suggestion. Chances are high you’ll perhaps lose all of your capital.
Source : cryptonews.com
