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The Bonk price has pumped 5% in the last 24 hours to trade at $0.00001981 as of 8:53 a.m. EST.

Last 24H:$BTC +4.81%$QUACK +10.11%$BONK +5.32%$SHIB +6.26%$TIA +15.57%$HEX +10.81%$SOL +8.94%$SEI +41.97%$VET +20.03%

Seamless cross-chain #Crypto Swaps with #QUACKex:https://t.co/84SBzrbnNM

No accounts, no KYC.

Seeking anonymity in your trades? Look no further. pic.twitter.com/XpchbME3Zh

— RichQuack (@RichQuack) December 19, 2023

Bonk Price Prediction

However, despite today’s surge, it’s still not the green light for the Bonk price trajectory. Looking at 1-hour BONK/USDT charts, the Relative Strength Index indicator is headed south, showing bearish momentum on Bonk.

The MACD is also in the red zone, backing this prospect. Both these point to a drop in the Bonk price in the short term as resistance is now felt at $0.000033.

The Bonk price is, however, facing low volatility, as shown by the Bollinger Bands, which are currently moving close to each other.

This can be attributed to decreasing trading activities that have seen BONK’s trading volume plunge by 39% in the last 24 hours.

1-hour BONK/USDT chart | Source: TradingView

However, despite the prospects of a price plunge in the short term, Arthur Hayes, BitMEX’s co-founder, believes Bonk will flip Shiba Inu.

Let’s do the damn thang.$BONK > $SHIB

🫡🫡🫡🫡🫡🫡 pic.twitter.com/ZQB1WecBEl

— Arthur Hayes (@CryptoHayes) December 17, 2023

The recent listings on Coinbase and Binance support Athur’s notion, with increased attention anticipated in the next few weeks, though the $5 billion gap in their market caps is a huge one to bridge.

Bonk (BONK) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKRrfh

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) December 14, 2023

Meanwhile, as the Bonk price risks correcting in the short term, Bitcoin Minetrix’s BTCMTX token, currently in presale, is bringing prospects of explosive gains upon release after the presale success witnessed so far. The presale has raised over $5.5 million, showing massive investor confidence in the project.

For more information, check out our Bonk Price Prediction guide.

Bonk Price Prediction: Should You Invest In BTCMTX Instead?

Bitcoin Minetrix (BTCMTX) is making waves in the market, capturing attention with its groundbreaking features. The ongoing presale activities indicate a keen interest from investors seeking innovative opportunities.

BTCMTX introduces a tokenized cloud mining platform, revolutionizing Bitcoin mining by allowing users to stake BTCMTX on Ethereum. Investors receive credits for mining Bitcoin, making traditional Bitcoin mining financially viable for the average person.

BTCMTX’s decentralized approach prioritizes security, transparency, and safety, simplifying the mining process. This revolutionary platform addresses accessibility, fraud, and questionable cloud mining practices.

Comparing the simplicity of #BitcoinMinetrix versus Traditional Cloud Mining:#BTCMTX: Buy using $ETH, $BNB, $USDT, or card. 🛒

Traditional Cloud Mining: Involves intricate contractual processes. 📄#CryptoMining #BTCMining pic.twitter.com/WltvcvQrg6

— Bitcoinminetrix (@bitcoinminetrix) November 23, 2023

Users only need an Ethereum-compatible wallet like MetaMask to buy and stake BTCMTX tokens to enter this ecosystem. The project boasts a low start-up cost, a user-friendly interface, and a secure onboarding process.

Acquiring tokens, opting for the buy-and-stake feature, and receiving Bitcoin rewards are all seamlessly integrated.

Roadmap And Future Plans

BTCMTX has ambitious plans outlined in its roadmap, prioritizing exchange listings and a comprehensive multi-media marketing effort. The team aims for rapid growth, with collaborations with industry giants in cloud mining. The stake-to-mine contract will be central to these initiatives.

The upcoming phase focuses on simultaneously implementing stake-to-mine desktop and mobile dashboards, Bitcoin withdrawals to wallets, and converting mining credits into hash power. This strategic approach enhances the project’s significance in expanding the cryptocurrency sector.

Bitcoin Minetrix is on track to become a cryptocurrency community leader, challenging perceptions of bitcoin-focused tokens.

Its user-friendly approach to Bitcoin mining positions it as a gateway for many to enter the Bitcoin ecosystem, offering significant potential for the cryptocurrency industry in this pivotal decade.

The BTCMTX token is priced at $0.0123 but a price hike is coming in less than three days. Acquiring tokens is flexible, allowing credit card transactions, ETH, USDT, or BNB.

Bitcoin Minetrix’s presale and unique features position it as a game-changer. Potential participants are encouraged to stay informed as this initiative unfolds. So, while the Bonk price risks facing a correction, the new BTCMTX token could be your ultimate investment alternative.

Visit Bitcoin Minetrix here.