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The Bonk price soared 59% in the last 24 hours to trade at $0.00003515 as of 03:28 a.m. EST on trading volume that surged 114% to $1.17 billion.
The increase led BONK to reach its highest value ever, following the endorsement of the ‘Learn and Earn’ campaign by BonkDAO, facilitated by the European fintech platform, Revolut. This initiative seeks to grow Bonk’s user base by 500,000.
#Revolut plans to list #BONK and launch a $1.2M campaign to educate users about the meme coin. Approval vote expected to pass. #crypto #Solana
Follow and stay tuned! 📺🔊
— Learn2Earn (@Learn2Earnify) February 14, 2024
Users who participate in the Learn and Earn campaign will be incentivized, with $1.2 million in rewards up for grabs.
Bonk Price Bullish – Trading Within The Upper Boundary Of The Bullish Pennant
The Bonk price has been on a tear this week, showing great potential as it rallied through a markup phase, overcoming the $0.000026 resistance level. The bulls continue to show resilience as BONK trades within the confines of the bullish pennant, aiming to breach the upper boundary of the pennant.
BONK is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the ongoing price rally.
Additionally, the Relative Strength Index (RSI) is currently at 77, confirming the current investor optimism as it trades within the overbought region.
Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, as the moving average line (blue) crosses over the signal line (orange), indicating a bullish crossover. A bullish crossover is an encouragement for the bulls to take more buying positions, which could still increase the price.
The green bars on the histogram extend above the zero line, an indication of positive momentum. Additionally, the Stochastic Oscillator 14 3 3 line (green) crosses above the trigger line (orange), confirming the bullish moving average crossover. The Stochastic Oscillator is also above level 80, currently at 99, showing that BONK is overbought and in a very strong bullish trend.
Bonk Price Prediction
The Bonk price is currently trading around its psychological barrier at $0.000035. BONK’s current 4-hour chart analysis shows that the bulls are ready to use this level to drive the price up, aiming to breach the upper boundary of the pennant.
Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.0000119. The bulls may capitalize on this to propel the price even higher, aiming at $0.000045.
However, the Stochastic Oscillator and the RSI are currently trading above the overbought regions, which indicates that there may be a looming price correction. In such a scenario, the bears may take charge of the price, allowing a slight price retrace back to the $0.000022 support zone.
As the BONK bulls aim for new ATHs, investors are also diversifying into another Solana-based meme coin that analysts say has the potential to surge 100X on launch.
$Smog Pumps Massively, A 100X Opportunity – Best Crypto To Buy Now
Since its debut, the Smog token has continued to perform remarkably while captivating audiences. Smog aims to dominate Solana-based meme coins, including BONK, MYRO, and WIF, and uses the slogan, “One meme coin to rule them all.”
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
The project is generating a huge buzz because of its plan to launch a massive airdrop, advertised as ‘the greatest in history.’ The team has already allocated 35% of the 1.4 billion token supply for the airdrop.
Since launch, $SMOG has experienced a significant rally, reaching a new all-time high of $0.12 before slightly retracing to its current price of $0.10. Its market capitalization has surged to $92 million. With over 40,000 holders of $SMOG and counting, this trend suggests the potential for even more explosive price increases coming up.
Buy $SMOG For The Next Big Giveaway, Stake For 42% Annual Rewards
To qualify for the Smog airdrop, simply buy and hold Smog tokens in your wallet. Another way for you to qualify is by completing different tasks managed by Zealy, and collecting airdrop points. There are over 800,000 quests already completed on the platform.
The project is also airdropping $1,500 worth of $SMOG through airdrop distributions daily to BONK, WIF, and MYRO holders.
You also have an opportunity to earn passively through the platform’s staking option, earning an impressive 42% annual percentage yield (APY).
Jacob Bury, a crypto analyst and YouTuber with more than 30K subscribers, believes that Smog has the potential to surge 100X.
You can buy the SMOG token on the official website to qualify for the historic airdrop. There’s also a 10% discount when you buy and stake $Smog.
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