Ponke Price Pumps 5% To Defy The Meme Coin Crash As Investors Rush To Buy Solana Rival SEAL Before Its Launch

The Ponke price surged 5% in the last 24 hours to trade at $0.4891 as of 4 a.m. EST on trading volume that jumped 15% to $47.16 million.

That made Ponke one of the top-performing meme coins on a day when most of the meme coin market traded deeply in the red. Ponke has also surged 17% in a week and 175% over the past month.

A crypto expert named Rypto on X recently commented that PONKE is gearing up for a $1 billion market cap. While the token’s market cap currently sits at $206 million and has quite a way to go in order to fulfil such a prediction, stranger things have happened in the meme coin market.

$PONKE is gearing up for that $1B market cap. @ponkesol pic.twitter.com/FchMuJ9Uxq

— Rypto (@Rypto__) June 10, 2024

Ponke recently hit 90,000 followers on X, thus increasing the PONKE Army of supporters to the next level and closing in on the 100k milestone.

90,000 X FOLLOWERS!

Thank you to the entire $PONKE ARMY

Keep putting helmets on everyone. We never stop growing 🪖🪖🪖

I AM PONKE
YOU ARE PONKE
WE ARE PONKE pic.twitter.com/94CkhoNAww

— Ponke (@ponkesol) June 9, 2024

Ponke Price Prediction

While Ponke’s performance against the market has impressed many in the crypto industry, the fact is that no crypto can defy the broader market sentiment for too long. Even Ponke’s technical indicators suggest that the project is about to see a strong Ponke price correction, which is something that its supporters should prepare for.

The token’s Bollinger bands have started narrowing, which is a bearish sign that suggests that its price is likely to dip in hours to come. Meanwhile, Ponke’s Relative Strength Index (RSI) value further confirms this conclusion.

The token’s RSI has dropped from the overbought zone at 76, where it was about 24 hours ago, to the current value of 37.27. This is a massive drop which shows that traders and investors, who were buying as recently as yesterday afternoon, are now rapidly selling to take profit as the market continues to go deeper into the red.

However, this also presents an opportunity for those who have a larger risk appetite and are willing to take a chance. While the time may not be right just yet, PONKE’s drop will reach its bottom soon, which will be the perfect time to buy the dip.

This will, in turn, start pushing the token’s price back up, if only enough investors and traders move in on this upcoming opportunity. However, it is important to be patient and wait for the right moment, and not move in too quickly, in order to avoid losses.

A Promising Alternatives To Ponke

While PONKE has been defying the market for days now, the token’s correction has already started, which means that many in the crypto industry are likely looking for a more rewarding, or at least safer, alternative.

One such option is Sealana (SEAL), a meme coin that is currently approaching the end of its presale. With that said, there is still some time left for investors to approach the project and invest before the token goes live and starts distributing its tokens.

#Sealana has got some big news for y'all today! 🦭🍻 After a long night of drinking, doin' American $SEAL things 🇺🇸 and blacking out! 😵 He woke up with some real mental clarity and made the call that the #Presale's gonna end on June 25th at 6 pm UTC! ⏰

You know what that… pic.twitter.com/va7W8abVjb

— Sealana (@Sealana_Token) June 6, 2024

Sealana runs on Solana’s network, one of the fastest and busiest networks in the industry.

As mentioned, SEAL is a meme coin, but unlike others fighting for investor attention with attempts to bring new technology, Sealana took the old school approach, taking the concept of a meme coin back to the basics, established in 2013 by Dogecoin itself.

In other words, it doesn’t promise massive rewards, nor does it offer utility — it simply offers humor and a way to diversify your portfolio with a fun and interesting token.

While this may sound simplistic — and it is — in today’s stressful and complex crypto sector, a simple token that everyone can understand at a glance comes as a breath of fresh air.

And that’s confirmed by Sealana’s presale, which has raised over $4 million. Even a crypto expert behind the YouTube account Cryptonews, which has nearly 10k subscribers, believes that SEAL has 100x potential.

SEAL tokens are priced at $0.022 each. If you decide to join others who jumped on the opportunity to get this token early, you can buy it with ETH, USDT, BNB, SOL, or a credit/debit card. But don’t think about it for too long because the presale will end soon.

Visit the official SEAL website to buy tokens here.

Related Articles:

• Sealana ICO Nears End: What’s Ahead For The Solana Meme Coin?
• Sealana Presale Surpasses $4 Million Milestone As It Prepares To List
• How to Buy Sealana – SEAL Presale Review

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