Bitcoin

Bonk Price Prediction: BONK Soars 32% As This New Solana Meme Coin Rival Gives Last Chance To Buy After $15M Raise

Published

7 months ago

April 29, 2024

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The Bonk worth has soared 32% up to now 24 hours to commerce for $0.00002667 as of 05:11 a.m. EST.

BONK is among the many high performing dog-themed meme cash, and sits alongside cat-themed MEW because the tokens lead meme coin good points. It comes following capital overflows from the Pepe market after the token was listed on Coinbase for futures buying and selling.

The Bonk worth can be rising after BONK went reside on the Revolut app, bringing customers within the EU and different eligible international locations the choice to commerce in-app.

$BONK is now accessible on @revolutapp❗️❗️❗️

Customers within the EU and different eligible international locations can now commerce in app, together with a Study and Earn program beginning on April twenty ninth#LetsBONKhttps://t.co/ytW9rJu8a3

— Bonk! (@bonk_inu) April 23, 2024

Analysts and dealer @CryptoTony on mentioned on X that meme coin season could possibly be right here because the Bonk worth tagged $0.00002700.

$BONK / $USD – Replace

2700 reclaim on the day by day, i’ll get right into a place. #Memecoins trying to comeback ? pic.twitter.com/szBZWHyX8k

— Crypto Tony (@CryptoTony__) April 24, 2024

Nonetheless, merchants ought to look ahead to affirmation as a result of regardless of rising momentum, the meme coin is dealing with robust overhead stress as BONK holders are ready to promote round $0.00003447.

Bonk Inu Worth Prediction

The Bonk Inu worth seems primed for a continuation rally, however there’s a catch. For BONK holders to appreciate 30% good points that may be achieved as soon as the worth tags the 32.8% Fibonacci retracement degree, they need to first overcome the vendor congestion zone that exists within the Golden Zone, between the 61.8% and 38.2% Fibonacci retracement ranges.

Based mostly on the outlook on the Relative Energy Index (RSI), momentum is rising amid a rising bullish sentiment. The big inexperienced histogram bars of the horizontal quantity profile present this. If the bulls can haul the Bonk Inu worth above the 50% and 38.2% Fibonacci retracement ranges of $0.00003021 and $0.00003447 respectively, it could open the trail for a continuation of the pattern.

A candlestick shut above the $0.00004000 psychological degree on the twelve-hour timeframe would verify the continuation of the pattern.

Bonk Inu price

Tradingview: BONK/USDT 12-hour chart

On the flip aspect, if BONK holders start to money in on the good points made, the Bonk Inu worth might retreat. A 12-hour candlestick shut beneath the $0.00002000 psychological degree would invalidate the bullish thesis. Merchants trying to take quick positions on Bonk Inu worth ought to await a break and shut beneath across the $0.00002000 psychological degree.

It’s because the spikes within the vertical quantity profile present vital purchaser congestion blocks marked in yellow. Any efforts to ship the Bonk Inu worth decrease can be countered by robust shopping for stress from this cohort of merchants.

In the meantime, SLOTH, a possible new Solana meme coin competitor for BONK, is giving traders a final likelihood to purchase after elevating $15 million.

Promising Different To Bonk Inu

SLOTH is the powering token for the Slothana ecosystem, a Solana-based meme coin. Its presale has been a large success, and is now lower than 5 days from launch.

Crypto YouTube channel 99Bitcoins says the token has the potential to surge 100x after launch, just like different current sloth-themed meme cash.

Since its debut available in the market, Slothana has generated vital curiosity amongst crypto lovers. That is owed to a powerful blockchain basis and the truth that it rides a wave of profitable sloth-themed initiatives like SLERF.

Slothana stands out for its distinctive design and the energetic neighborhood engagement that it enjoys. Its social media shops are a testomony to the challenge’s cultivation of a worldwide neighborhood of sloth lovers. Two representations of this embrace fascinating imagery and compelling messaging.

🌿📜 And on the eleventh day earlier than the grand unveiling, Slothana spoke unto its disciples, saying: ‘Behold, the countdown attracts ever nearer to its finish.’ 🚀 Allow us to stay steadfast in our slothful anticipation, for quickly shall come the epoch of Slothana’s glory. 🦥💫… pic.twitter.com/i88c7aDdv6

— Slothana (@SlothanaCoin) April 18, 2024

Final Probability To Purchase SLOTH

Previously week, Solana builders deployed a mainnet beta replace meant to deal with the community’s congestion issues. This has primed Solana and all its affiliated initiatives for a bounce again.

To be a part of this wave, reap the benefits of the remaining 4 and a bit days. Slothana

When Slothana’s timer runs down there shall be an announcement for when tokens shall be airdropped to patrons. The group has chosen to maintain particulars beneath wraps for now to fire up some doubtlessly explosive shopping for exercise within the coming weeks.

Go to and purchase Slothana right here. One SOL buys 10,000 $SLOTH, which suggests every token has an approximate worth of $0.015763 on the time of writing.