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The Bonk price is up 10% in the last 24 hours, trading at $0.00001881 at 07:50 a.m. EST, while its trading volume jumped 54% to $398 million.
The surge may be attributed to the Binance announcement on December 19 that it was adding BONK to its Binance margin.
This recent development signifies an expansion in Binance’s offerings, providing users with additional opportunities to leverage the price rally of BONK.
The Bonk Price: Bulls Regroup on $0.0000182 Support
BONK Buyers have shown resilience despite encountering resistance at the $0.000035 level following a substantial bullish movement that originated from the support zone at $0.0000002383, breaking through the resistance point at $0.000005715.
The Bulls have successfully regained control, stabilizing around the $0.0000182 support level. This resilience hints at the potential for a sustained bullish trend, paving the way for a reclaiming of the high at $0.000035 and the potential establishment of new highs beyond this point.
The BONK price is currently trading above both the 200-day and 50-day simple moving averages, reinforcing the bullish momentum.
These moving averages serve as immediate support levels for the BONK price, with the crossover at $0.0000004380 further solidifying the dominance of bullish forces.
The Relative Strength Index (RSI) reflects a rebound around the 70 level, signaling an overall bullish sentiment. This suggests a significant level of buying pressure in the market.
Bonk Price Prediction: Continues On Bullish Trajectory
The BONK price has regained ground and continues on its bullish trajectory, supported by the convergence of moving averages and a positive alignment in the RSI. Sustained bullish momentum could propel the price towards the next level at $0.0000552, representing a potential 52% increase from the current price.
However, it’s important to note the possibility of bears capitalizing on a corrective phase, potentially triggering a retracement towards the $0.0000182 support zone.
The market is showing increased interest in meme coins, with examples like Bonk experiencing surges. Amidst this trend, traders are recognizing the potential in Meme Kombat and Sponge, two meme coins that experts say could offer up to 100X gains.
Meme Kombat Secures $4.1 Million
The Meme Kombat presale has successfully raised $4.1 million in its current funding round and is racing to reach its target of $5 million. This comes as the current price of $0.246 per MK token is set to increase imminently.
🥊 MAJOR MILESTONE 🥊
We reached $4 million raised in the $MK presale🚀
Congratulations fighters! pic.twitter.com/qkHtTP7z9F
— Meme Kombat (@Meme_Kombat) December 21, 2023
The imminent price increase and the appeal of Meme Kombat have drawn numerous investors, all eager to acquire MK tokens early on. Given its current low price, investors are presented with the opportunity to potentially see their investments surge exponentially following the project’s debut on major exchanges.
Moreover, the staking feature of Meme Kombat allows investors to further grow their earnings, with an attractive annual percentage yield of 221% available at the time of writing.
📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
As an innovative project that merges GameFi and meme culture, Meme Kombat is stirring excitement in the cryptocurrency space, prompting discussions among various high-profile analysts about its scalability potential.
Jacob Bury, a popular crypto analyst on YouTube, has released a video reviewing Meme Kombat, predicting a 100X increase potential post-launch and highlighting the additional benefits for those who choose to buy and stake early on.
You can conveniently buy MK tokens on the official Meme Kombat website.
Sponge V2 Promises Easy 100X Gains Potential
Sponge V2 (SPONGE), is another meme coin that has caught the eye of experts, promising potential 100X returns. It stands out not just for speculation but for its proven track record. Its predecessor, Sponge V1, surged over 2000%.
https://twitter.com/spongeoneth/status/1736710430888739065?s=20
With the launch of Sponge V2, the team is even more committed to breaking new records.
This new version enhances the project’s real-life utility by introducing a play-to-earn (P2E) game, offering players the chance to compete and earn Sponge V2 tokens. The game will be available in both free and premium versions, broadening its appeal.
Sponge V2 is bringing exciting utility to the new token through our #P2E game! 🔥🧽
Users will be able to earn #SpongeV2 tokens by playing the game and ranking on the leaderboard.
Don't miss out. 😎$SPONGE #Presale #Altcoins pic.twitter.com/5tHsKwwlhP
— $SPONGE (@spongeoneth) December 21, 2023
In addition, holders of the $SPONGE have the opportunity to stake their tokens via the Sponge.vip website. But it’s not just for previous holders, new investors can also visit Sponge.vip to purchase and stake Sponge V1 tokens on the widget.
Staking $SPONGE offers you a lucrative annual percentage yield of 1,285%. So far, 1.2 billion SPONGE have been staked.
It’s worth noting that the more you buy and the longer you stake your tokens, the greater the amount of Sponge V2 you’ll accumulate, which you’ll eventually be able to claim.
This strategy not only rewards early and long-term holders but also enhances the potential for growth and reward in the Sponge ecosystem.
You can buy and stake SPONGE on the official Sponge.vip website.
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