Bonk Price Prediction: BONK Pumps 13%, But Experts Turn To These New Meme Coin Contenders For Potentially Explosive Gains

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The Bonk price has surged by 13% in the last 24 hours to trade at $0.00001482 at 11:00 p.m. EST with trading volume soaring 57% to $136 million.

With a market capitalization of $901 million, Bonk has solidified itself as the third-largest token in the category of dog-themed cryptocurrencies, trailing behind Dogecoin (DOGE) and Shiba Inu (SHIB).

The Bonk Price: Bulls Rebound On $0.00001342 Support

Bonk Price Chart Analysis. Source: Tradingview.com — BONKUSD Chart Analysis. Source: Tradingview.com

A resistance point was encountered after a bullish rally that successfully propelled the BONK price from the $0.0000003434 support zone to breach the February high at $0.00002829.

Subsequently, a corrective phase followed, allowing sellers to exert downward pressure on the price, reaching the prior support zone at $0.00001342, forming a descending triangle pattern that indicates a continuation of the bearish trend.

However, the bulls pick up from this support zone as they push the price. A break above the triangle’s upper boundary could confirm a short-term bull rally, reclaiming its previous high of $0.00003545.

BONK maintains its position above the 200-day and 50-day Simple Moving Averages (SMAs), affirming the optimistic outlook and serving as immediate support levels. The crossover at $0.0000004380 underscores the current prevalence of bullish sentiment.

The Relative Strength Index (RSI) indicates signs of rebounding on the 50 midline level, suggesting an upcoming buying pressure as the RSI surges to 70.

The Bonk Price Prediction

The overall trend for the Bonk price predictionremains bullish, backed by the SMAs and RSI, generating a positive atmosphere among traders. The aim is to reclaim the previous high of $0.00003445, which reflects a potential 173% increase from the present price.

However, if the bears capitalize on the descending triangle, it could lead to a corrective movement toward the $0.000005625 support zone.

Meanwhile, as investors await a favourable course for BONK, experts are turning to Sponge and Meme Kombat, two new meme coin contenders offering lucrative opportunities for parabolic growth.

Missed Sponge V1’s 100x? Buy Sponge V2 for 100X Returns

SPONGEV2 is a new ERC-20 token on Ethereum. Investors can buy and stake $SPONGE through the provided widget to receive an equivalent bonus in V2 tokens.

The token utilises a stake-to-earn strategy committed to delivering a 100X return on investment.

https://twitter.com/spongeoneth/status/1736710430888739065?s=20

Sponge V2 is picking up from Sponge V1’s achievements and is bent on doing even better this time round for investors. Sponge V1 reached a market capitalization milestone of $100 million, boasting a community of more than 13,000 holders.

The project also garnered the support of 30,000 social followers and secured listings on over ten centralized exchanges that include LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart.

Furthermore, Justin Sun, one of the co-founders of Tron, demonstrated his confidence in the project by making a substantial investment of 108,018 $SPONGE tokens, which are now worth $49,458.

This investment came after he tweeted about his intention to invest in low-cap meme coins with the potential for significant growth. Sun’s support for SPONGE indicates his belief in the project’s potential to increase considerably, possibly up to 100 times its current value.

I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023

Last Chance, Secure Your Share of the V2 Token Now

Sponge V2 is now making it bigger and better, offering a staking option. Investors can stake their original $SPONGE tokens in the SPONGEV2 smart contract through the token website to automatically secure their share of the V2 token upon its launch.

Staking on V2 allows you to accumulate tokens with an impressive 496% annual percentage yield (APY). Upon the staking period’s completion, the SPONGEV2 tokens will be claimed through the official SPONGE website.

If you thought #Sponge v1 was good, just wait for #SpongeV2! 😎🧽🧽💦

We're coming back stronger than ever with more utility and our new #P2E game. 🔥

Hurry and stake your $SPONGE now!!#MemeCoin #Presale #Crypto pic.twitter.com/qroHE6XRMY

— $SPONGE (@spongeoneth) January 1, 2024

V2 has also introduced a play-to-earn (P2E) feature. The feature has both a free and paid version. The paid version allows you to use $SPONGEV2 tokens to obtain additional game credits, enhancing your chances of earning more $SPONGE.

Exciting News! 🧽🚀

There will be a free and paid version of the new Sponge #P2E game.

You can play for fun on the free version, or use $SPONGEV2 tokens to purchase additional game credits and earn more $SPONGE 😎#MemeCoin #Presale #Crypto pic.twitter.com/kJsqBY3wQ3

— $SPONGE (@spongeoneth) December 27, 2023

To buy Sponge V2 tokens, connect your Web3 wallet to the official Sponge.vip website, swap your ETH or USDT for v2 tokens, or use your bank card to buy directly.

Bonk Price Outlook As MK Presale Races to $6.5 Million, 48 Hours to Price Hike

The Meme Kombat (MK) presale is racing towards its $6.5 million target, having already secured $5.7 million.

Meme Kombat investors can buy MK tokens at a reduced rate of $0.268 before the price increases to $0.279 in slightly more than two days.

$5.6 Million before it's 2024 here by us…

Let's see if we can reach 5.7 before the clock strikes 12🎉 pic.twitter.com/rynJPHnShk

— Meme Kombat (@Meme_Kombat) December 31, 2023

Get MK Now, Battle and Stake for Passive Income

Investors can look forward to participating in Season 1 of Kombat, where 11 memes compete to claim the title of the best. Meme Kombat uniquely merges GameFi with meme characters, enabling players to engage in battles featuring their favourite memes.

Players stand to earn significant rewards if their selected characters emerge victorious.

The Meme Kombat team is also working to ensure the timely completion of Meme Kombat NFTs. With their visually appealing design, these NFTs guarantee significant utility in MK Season 2, offering a distinctive fusion of art and functionality.

A little update on the Meme Kombat NFTs:

We are working hard to get them done as soon as possible. The Meme Kombat team is still small, but we assure you that we are putting some good care into the look and feel of them. And they will provide good utility in MK Season 2⚔️ pic.twitter.com/Oz33HaOIob

— Meme Kombat (@Meme_Kombat) January 1, 2024

You also have the opportunity to stake your acquired MK tokens, which offer an impressive 178% annual percentage yield (APY).

Austin Hilton, a seasoned crypto analyst and YouTuber, recently highlighted the Meme Kombat project, providing insights into purchasing and staking tokens for profitable returns.

So, as you consider the future direction of the Bonk price, you can participate in the MK presale, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens there.