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The Ponke price jumped 73% in the last 24 hours to trade at $0.1167 as of 3:30 a.m. EST on trading volume that skyrocketed 350% to $25.91 million.
The PONKE project has been building a strong community over the last few months, and in the last 24 hours it suddenly went viral.
It’s chalked up 15 million views in 24 hours on its latest Instagram reel, which also brought in more than 60,000 new Instagram followers.
$PONKE GOING PARABOLIC! 🚀
What a day #PONKEARMY
In the last 24 hours:
-15 MILLION views on our latest instagram reel
-60,000+ new instagram followers
-price up 83%…just to name few. Big things are unraveling. Fade at your own risk. #HELMETSON 🐒🪖 https://t.co/A5PGPq9KRO
— Ponke (@ponkesol) April 12, 2024
The project also reported that it was trending on DexTools as the hottest crypto for a while, which brought much-needed exposure for the meme coin.
$PONKE IS TRENDING #1 ON @DEXToolsApp 🔥🔥 pic.twitter.com/4LegVQYcFM
— Ponke (@ponkesol) April 12, 2024
Ponke has also been announcing its expansion to Base chain, which will boost its accessibility at a time when the young chain’s meme coin sector has taken off.
First peek inside the future of memecoin trading on @solana & @base @memetrendbot
Do you wear a helmet when you’re looking for alpha in the trenches?
The #PONKEARMY knows what’s coming and those helmets are glued on their heads. https://t.co/5FYYmLoY5A pic.twitter.com/Twr9s0Yq5Y
— Ponke (@ponkesol) April 12, 2024
Ponke Price Prediction
The Ponke price has seen a massive increase in the last 24 hours. While the meme coin also corrected since hitting a barrier at $0.14, this is likely not the end of its price surge. Traders who missed the original bull run are now turning to technical indicators to see what is next in store for the PONKE price, and the results seem encouraging.
Specifically, PONKE’s Bollinger bands remain wide, which is a bullish signal and good news for those who hope to buy right now. The expectation of further growth is also supported by the meme coin’s Relative Strength Index (RSI) value, which previously entered the overbought zone, only to see a sharp drop back to the neutral zone.
This was the result of traders taking profit and knocking the price back down a peg, as it corrected due to cash-outs. However, as soon as it dipped slightly, a new wave of purchases started coming in, as opportunity seekers sought to buy the dip. This is what started pushing the PONKE price back up.
All this suggests that the PONKE token is getting ready for round two, and this one might allow it to go even higher than before. However, this is only speculation at this point, and while it is undeniable that PONKE is starting a new bullish wave, it is difficult to predict how high the token might go.
In other words, traders interested in buying the token will have to keep a close eye on its performance, employ risk management tools, and make their own predictions.
Promising Alternative to Ponke
While PONKE emerged as a sudden opportunity, it is far from being the only meme coin worth keeping an eye on right now.
Another great example is Slothana (SLOTH), which raised $10 million in its presale in less than two weeks. The presale is now extended for an indefinite period.
It did this with a new ”send SOL” type presale where investors simply send SOL to an address. There is not timer, no stages, no hard cap, and no whitepaper or other project details. One SOL buys 10,000 SLOTH tokens, which are airdropped to buyers at the end of the presale.
🚀 Get ready to blast off with Slothana! 🌿 We're gearing up for launch and this is your last chance to grab your $SLOTH 🌕 Don't miss out on the action as we prepare to announce our official launch date. Watch this space. #slothana #memecoin
— Slothana (@SlothanaCoin) April 8, 2024
Given the popularity of the presale, meme coins, and specifically, sloth-based meme coins, Slothana looks well positioned to capitalize on a powerful wave.
The project has yet to announce when the presale is going to end and when its tokens might see their first official listing. What is known, however, is that Slothana will pursue listings on both DEXes and CEXes, which was decided by its community via a poll vote on X.
🚀Thanks to you lazy sloths for casting your votes in our recent poll! 🌿 Your voices have been heard loud and clear, and now it's time for us to get to work on delivering to our loyal followers. Stay tuned as we hustle (well, sloth-crawl) to make it happen! #Slothana #memecoin
— Slothana (@SlothanaCoin) April 5, 2024
For buyers, the problem with this type of presale is that you never know when it will end. So, if you are interested, the best time to buy is now.
Visit the official website to buy SLOTH here.
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