Looking at the way the charts are right now, experts think the price of BONK might go up by 100% from where it is currently.
Earlier this week, the BONK memecoin, which is based on Solana, had a slight drop in its price, but now it’s going up again. Right now, the BONK price is $0.00001956, up by 7%, with a total value of $1.19 billion. In the last 24 hours, the trading volume has increased by 45% to 4450 million.
This price increase is happening because Solana’s price (SOL) is surging too, going up by 13% and reaching $85. People are predicting that SOL might soon hit the $100 mark.
BONK Meme Token Sees Strong Growth Despite Recent Pullback
In the latest trend of meme tokens, BONK has captured attention with a significant 71% increase in value over the past week. However, it has recently retraced nearly 40% from its weekly peak and is currently trading at $0.00001924.
This remarkable surge in BONK’s value is credited to its recent listing on major exchanges, such as Binance and Coinbase. Over the past month alone, BONK’s value has experienced an impressive 300% rise, marking a staggering 21,000% increase since reaching its all-time low in the previous December.
The decision to add BONK to leading exchanges and Binance’s introduction of it to Margin trading have been key factors fueling its recent price surge.
BONK’s Upward Trend and Positive Outlook
Over the past two months, BONK’s daily chart has consistently shown an upward trajectory, forming what analysts identify as an ‘ascending channel pattern.’ This pattern reflects ongoing buyer interest, particularly within the $0.000012-$0.000013 price range.
Source: TradingView
Renowned analysts like Jacob Crypto Bury and platforms such as CoinCodex express optimism about BONK’s future growth. They suggest potential price targets of $0.00004 and $0.00006, respectively. These projections are based on current market dynamics and technical analysis of BONK’s performance.
While acknowledging the possibility of short-term price fluctuations, the overall market sentiment for BONK remains bullish. The prospect of BONK being listed on major platforms like Kraken, Bitstamp, and Gemini contributes to the positive outlook for its future.
Meme Kombat: Emerging Interest and Growth Potential
Investor attention is turning towards Meme Kombat, another meme coin, as anticipation builds around its upcoming listing on exchanges. According to insights from Jacob Crypto Bury, Meme Kombat shows promise for substantial growth, with the potential to achieve a 10x increase. Bury suggests that Meme Kombat’s trajectory could follow in the footsteps of successful coins like BONK and PEPE, highlighting the growing interest and potential within the meme coin sector.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News
