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The Bonk price has surged 14% in the last 24 hours to trade at $0.00002287 as of 6:52 p.m. EST, as its trading volume plunged 27% to $520 million.
The Bonk price recorded a 670% jump in the past month, defying the warnings by a crypto analyst on X (Twitter) on Sunday, December 17, that BONK could crash any time soon.
📊MAJOR TRADING ANALYSIS STARTING FROM THE NEW YEAR
The lifetime subscription of #Elites🔰 'll remain at $8 until the end of the year
Join here:https://t.co/i5fScvH2eW#Bitcoin dropped below $42K
Meme coins/hyped tokens might drop as well in coming days $BONK $SATS $BOB $RATS… https://t.co/Xg8nwJwjge— Honey (@Honeyxgpt) December 17, 2023
Pentoshi, a trader who accurately forecast the peak of the 2021 Bitcoin bull market, predicts a 50% decline in BONK within the next 4 to 6 weeks, even if it goes higher first.
https://twitter.com/Pentosh1/status/1735692395402944796?s=20
According to the behavior analytics tool Santiment, the hype surrounding BONK compares to the phenomenon observed with DOGE in 2021. It advised caution about excessive crowd FOMO for those considering a long position.
BONK’s market capitalization stands at $1.39 billion, with an 82% increase in its price over the last week.
The Bonk Price: Bulls Remain Resilient, Maintaining Bullish Momentum
The BONK price shows a sharp upward trajectory as buyers consolidate around the $0.0000002383 support to drive the price to the resistance point of $0.000035.
However, the price retraced from this point, erasing profits for the bulls. Despite this setback, the bulls have shown resilience by regaining control near the $0.00002038 support level, indicating the possibility of a continuous bullish trend and generating momentum for reaching a new high above $0.000035.
The BONK price is trading above the 200-day and 50-day simple moving averages, reinforcing the bullish momentum. The crossover at $0.0000004380 further solidifies the bullish dominance.
The Relative Strength Index (RSI) remains bullish above the overbought threshold of 70, currently standing at 79, indicating intense buying pressure for BONK.
The Bonk Price: Bulls Set their Target Above $0.000035 High
BONK continues its bullish trajectory as bullish investors set their sights on the next significant high above $0.000035.
However, there is a possibility that bears could continue the corrective phase, causing a further decline in price to the $0.00001029 support zone.
In light of the looming threat of a price crash in Bonk, investors might want to turn their attention to presale projects that are poised to offer lucrative returns.
Meme Kombat and Wall Street Meme present themselves as compelling alternatives to Bonk.
MK Presale Presale Surpasses $3.7 million, 3 Days to Price Hike
Meme Kombat (MK) has swiftly made remarkable strides, raising over $3.7 million and quickly heading to its $5 million goal. With only a little more than 3 days left before a price hike, you have a chance to buy the MK token at a discounted price of $0.246.
After passing the $3.5 million milestone, we look to the $5 million milestone👁️
We're getting there kombatants! pic.twitter.com/7eLqjx3n14
— Meme Kombat (@Meme_Kombat) December 17, 2023
This early investment opportunity positions buyers advantageously for future presale price increases, as the current rate is expected to rise progressively until the platform’s official launch.
Meme Kombat merges GameFi with meme characters, providing AI-generated battles. As a player, you can bet on your favorite meme characters, with the opportunity for significant rewards if your selected characters emerge victorious.
Are you hyped for this next week?
We're getting so close to 2024! pic.twitter.com/oDmynxdoTr
— Meme Kombat (@Meme_Kombat) December 17, 2023
Buy MK Tokens Fast, Stake, Earn High APY of 240%
You can boost your earnings by staking your acquired MK tokens, which guarantees you an impressive 240% annual percentage yield (APY).
Jacob Bury, a crypto analyst and YouTuber with a 25k subscriber base, has featured the Meme Kombat project. He anticipates a10X increase in value upon launch.
To participate in the MK presale, visit the official Meme Kombat website. You can connect your Web 3 wallet and exchange your ETH, USDT, or BNB for MK tokens there.
$WSM Poised to Soar on Wall Street Memes Casino Buybacks
GameFi meme coin Wall Street Memes has recently launched a Casino and Sportsbook while strengthening its commitment to transparency with a new token dashboard.
BUYBACK ANNOUNCEMENT! 🚨
Tokens are now being sent daily to our rewards wallet throughout the month, based on last month’s Net Gaming Revenue from @wsmcasino 🔥
So, we’ve paused our hourly buybacks 💰
You can view the estimated Net Gaming Revenue here, on our NEW dashboard ➡️… pic.twitter.com/rCFoHT0lyY
— Wall Street Memes (@wallstmemes) December 13, 2023
The WSM dashboard indicates a combined estimated revenue of $34,700 within a 24-hour period from the casino and sportsbook.
The rewards wallet has grown to hold 7.28 million $WSM, while the dashboard’s tracker for the rewards wallet reflects a value of $73 million.
Out of the total token supply of 2 billion WSM, 0.13% has been eliminated through burning, and the rewards wallet now constitutes 3.65% of the overall total.
To buy WSM or learn more about the project, go to the official website here. To find out more about its casino, go here.
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