Bonk Worth Prediction: BONK Plunges 15%, However This New Meme Coin Soars Previous $5 Million In Presale


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The Bonk worth has dipped 15% within the final 24 hours to commerce for $0.0000134 as of 5:00 a.m. EST time, with buying and selling quantity dropping by 16%.

The falls counsel the market is shedding curiosity in BONK after its hype was exhausted. Coupling this with the surge witnessed in PEPE, DOGE, SHIB, and FLOKI, point out investor consideration shifting to different meme cash on the expense of Bonk.

An enormous a part of the surge within the Bonk worth was attributed to hype round its itemizing on the Coinbase trade, a phenomenon dubbed the ‘Coinbase impact,” the place an up-and-coming digital foreign money experiences a fast worth pop after it’s listed on the massive US trade.

Even with the itemizing impact already priced in, Bonk’s transformation from a meme-based coin to a formidable participant within the Solana ecosystem is locked in. Past giving it an edge within the meme coin wars, the transition is manifest within the integration of BONK with a number of initiatives in addition to its rising involvement in NFT transactions.

Bonk Worth Prediction As Attentions Shifts To Rival Meme Cash

After recording a neighborhood high of $0.0000350 in the course of the December 15 buying and selling session, Bonk worth is retracing decrease, at the moment sitting on essentially the most vital Fibonacci stage, 61.8% at $0.0000134. Judging from the outlook of the Relative Energy Index (RSI), a protracted hunch may very well be underway.

The RSI is southbound, pointing to falling momentum. On the similar time, the histogram bars of the Superior Oscillator (AO) are edging in direction of the midline, flashing crimson to point out the bears solidifying their presence within the BONK market.

Elevated promoting strain might see Bonk worth lose the vital help at $0.0000134, to check the 78.6% Fibonacci stage at $0.0000076. Within the dire case, the autumn might prolong for the meme coin to tag the help flooring at $0.0000001. Such a transfer would represent a 96% drop under present ranges.

Bonk price
coinnewswirescom: BONK/USDT 1-day chart

Alternatively, if sidelined and late traders are available in, Bonk worth might recuperate, extending north to flip the 50% Fibonacci stage again right into a help at $0.0000175. Enhanced purchaser momentum might see the worth retrace the 38.2% Fibonacci stage of $0.0000217, with the likelihood to increase a neck larger to tag the 23.6% Fibonacci stage at $0.0000268.

In a extremely bullish case, Bonk worth might retest the native high at $0.0000350; probably even clear it to create a better excessive. This not possible consequence could be the purpose the place the bearish outlook turns into invalidated.

In the meantime, some traders are turning their consideration to MK, a brand new meme coin that additionally options amongst analysts’ high picks for the perfect meme cash to spend money on.   It’s also among the many high 5 cryptos to purchase earlier than 2024, with analysts anticipating 10X development potential.

Promising Different To BONK

MK is the ticker for the Meme Kombat ecosystem, a stake-to-earn undertaking designed by avid gamers for gaming fans.

The undertaking is within the presale stage, recording upwards of $5.08 million in collections to this point, out of a goal goal of $6.5 million. Traders trying to purchase MK can accomplish that on the web site, the place every Meme Kombat token is promoting for $0.257. The value is about to extend to $0.268.

MK token holders can stake their holdings as a substitute of ready for the presale to finish. It’s because the staking dashboard is already stay, giving annual share yields (APY) as excessive as 185% on the time of writing.

Go to Meme Kombat web site to purchase MK within the presale right here.

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