{"id":464169,"date":"2023-12-08T10:28:08","date_gmt":"2023-12-08T10:28:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=464169"},"modified":"2023-12-09T16:18:13","modified_gmt":"2023-12-09T16:18:13","slug":"bonk-price-prediction-bonk-soars-again-for-1000-monthly-gain-amid-dog-coin-fever-but-consider-this-meme-coin-upstart-for-future-explosive-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bonk-price-prediction-bonk-soars-again-for-1000-monthly-gain-amid-dog-coin-fever-but-consider-this-meme-coin-upstart-for-future-explosive-gains","title":{"rendered":"Bonk Price Prediction: BONK Soars Again For 1000% Monthly Gain Amid Dog Coin Fever, But Consider This Meme Coin Upstart For Future Explosive Gains"},"content":{"rendered":"<p>The Bonk price pumped 45% in the last 24 hours to trade for $0.00001180 as of 12:55 a.m. EST time as trading volume surged 135%.<\/p>\n<p>The meme coin continues to surge, now boasting a 1000% monthly gain as dog-themed token mania continues. Nevertheless, there is a new project in the meme coin sector, <a href=\"https:\/\/insidebitcoins.com\/visit\/memekombat\" target=\"_blank\" rel=\"noopener nofollow\">Meme Kombat<\/a>, that is set on dethroning its peers.<\/p>\n<p>Evidence of this is seen in how fast it is amassing followers despite being in the presale stage. It&rsquo;s also earned itself a position among the top five crypto presales to buy in December.<\/p>\n<p><iframe title=\"Top 5 Crypto Presales to Buy Now - New 10X Potential Crypto Coins!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/dF3-D-SbRes?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>BONK&rsquo;s surge has seen the token break the $700,000 threshold on the market capitalization metric.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;<a href=\"https:\/\/twitter.com\/hashtag\/SOLANA?src=hash&amp;ref_src=twsrc%5Etfw\">#SOLANA<\/a> MEME COIN <a href=\"https:\/\/twitter.com\/hashtag\/BONK?src=hash&amp;ref_src=twsrc%5Etfw\">#BONK<\/a> BREAKS $700M MARKET CAP, RANK #85, UP 42% IN 24HRS. <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\">#BITCOIN<\/a> <a href=\"https:\/\/t.co\/4DSL4aMNQT\">pic.twitter.com\/4DSL4aMNQT<\/a><\/p>\n<p>&mdash; Crypto Macro (@cryptomacro14) <a href=\"https:\/\/twitter.com\/cryptomacro14\/status\/1732998272221171982?ref_src=twsrc%5Etfw\">December 8, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It features among the altcoins that are rallying alongside Ethereum, the largest altcoin by market capitalization, even as the Bitcoin price wobbles a bit. Behavior analytics tool Santiment attributes this to traders being fearful that the crypto market may be in a bull trap at the moment.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128561; Traders are fearful that <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> markets may be in a <a href=\"https:\/\/twitter.com\/hashtag\/bulltrap?src=hash&amp;ref_src=twsrc%5Etfw\">#bulltrap<\/a> at the moment. But while <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> may have stopped its momentum for the time being, <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/altcoins?src=hash&amp;ref_src=twsrc%5Etfw\">#altcoins<\/a> are blasting off once again. <a href=\"https:\/\/twitter.com\/hashtag\/FUD?src=hash&amp;ref_src=twsrc%5Etfw\">#FUD<\/a> could propel <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> to $50K if it increases. <a href=\"https:\/\/t.co\/CjzkGxfzA1\">https:\/\/t.co\/CjzkGxfzA1<\/a> <a href=\"https:\/\/t.co\/Y24qVpaBJ4\">pic.twitter.com\/Y24qVpaBJ4<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1732856975711781117?ref_src=twsrc%5Etfw\">December 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum And Altcoins, Including BONK, Blast Off<\/h2>\n<p>For the layperson, a bull trap in the crypto market refers to a false signal indicating that the market is in a &nbsp;temporary uptrend and is poised to continue upward. Nevertheless, this trend quickly reverses, leading to a decline. In most instances, the price goes to levels lower than before the bull trap started.<\/p>\n<p>With this, Santiment holds that despite the pause in Bitcoin price, Ethereum is leading altcoins north, &ldquo;blasting off.&rdquo; Even so, the on-chain analytics tools observe that the fear uncertainty, and doubt (FUD), as it pertains to a bull trap, could in fact be what drives Bitcoin price to the $50,000 psychological level, if the FUD persists.<\/p>\n<p>Meanwhile, capital continues to flow from Bitcoin into altcoins, effectively leading to a surge in altcoin prices.<\/p>\n<p>More closely, other than Bitcoin and Ethereum, the total market capitalization of altcoins could breach past an 18-month-long downtrend, which provoked a decline in market capitalization since May 2022.<\/p>\n<figure id=\"attachment_464170\" aria-describedby=\"caption-attachment-464170\" style=\"width: 1273px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/TOTAL3_2023-12-08_00-51-16.png\"><img decoding=\"async\" class=\"wp-image-464170 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/TOTAL3_2023-12-08_00-51-16.png\" alt=\"BONK\" width=\"1273\" height=\"568\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/TOTAL3_2023-12-08_00-51-16.png 1273w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/TOTAL3_2023-12-08_00-51-16-300x134.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/TOTAL3_2023-12-08_00-51-16-1024x457.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/TOTAL3_2023-12-08_00-51-16-768x343.png 768w\" sizes=\"(max-width: 1273px) 100vw, 1273px\"><\/a><figcaption id=\"caption-attachment-464170\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/x\/fNcnxcSo\/\" target=\"_blank\" rel=\"noopener\">Total altcoins market capitalization, excluding Ethereum<\/a><\/figcaption><\/figure>\n<p>Meanwhile, BONK enjoys a position among the crypto top 80, at position 75, after breaking its previous all-time high.<\/p>\n<p>https:\/\/twitter.com\/GourAdeetya\/status\/1733005723133788577<\/p>\n<h2>Bonk Price Outlook<\/h2>\n<p>In a market range measured from $0.0000002017 to $0.00001214, Bonk price is scaling another attempt to breach the roof of the market range. Technical indicators show potential for further price increases as the Relative Strength Index (RSI) remains northbound.<\/p>\n<p>This suggests momentum is still rising and adds credence to the bullish thesis.<\/p>\n<p>Similarly, the histogram bars of the Awesome Oscillator (AO) are not only green but also high up in the positive territory to show the bulls are leading the BONK market.<\/p>\n<p>Increased buying pressure above current levels could see Bonk price clear the immediate roadblock at $0.00001214 to create a new range high.<\/p>\n<p>Notably, the price of Bonk has broken out above the upper band of the Bollinger indicator at $0.00000972. When the bands of this technical indicator narrow the distance between each other, it often signals an incoming breakout.<\/p>\n<p>However, if, like now, the candles break out above the top band, then the price movement will likely to continue edging higher.<\/p>\n<figure id=\"attachment_464171\" aria-describedby=\"caption-attachment-464171\" style=\"width: 1265px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/BONKUSDT_2023-12-08_08-51-49.png\"><img decoding=\"async\" class=\"wp-image-464171 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/BONKUSDT_2023-12-08_08-51-49.png\" alt=\"BONK\" width=\"1265\" height=\"541\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/BONKUSDT_2023-12-08_08-51-49.png 1265w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/BONKUSDT_2023-12-08_08-51-49-300x128.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/BONKUSDT_2023-12-08_08-51-49-1024x438.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/BONKUSDT_2023-12-08_08-51-49-768x328.png 768w\" sizes=\"(max-width: 1265px) 100vw, 1265px\"><\/a><figcaption id=\"caption-attachment-464171\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/x\/WXzUEwlY\/\" target=\"_blank\" rel=\"noopener\">TradingView: BONK\/USDT 1-day chart<\/a><\/figcaption><\/figure>\n<h4><strong>Converse Case<\/strong><\/h4>\n<p>On the other hand, considering BONK is already overbought, a pullback could be underway and traders should not be caught off guard. With this, those with open long positions should consider leaving them open until such a time when the RSI teases with breaking below the 70 level.<\/p>\n<p>On the other hand, investors looking to open new long positions should exercise caution.<\/p>\n<p>If profit booking commences, the ensuing selling pressure could see Bonk price pull south, possibly retracing to the most important Fibonacci level of 61.8% at $0.00000758.<\/p>\n<p>In the dire case, the price could drop below the 50% Fibonacci level of $0.00000617. A break and close below this level would invalidate the bullish thesis. &nbsp;This could set the tone for Bonk price to revisit the 23% Fibonacci level of $0.00000294, levels last seen on November 19. Such a move would constitute a 70% fall below current levels.<\/p>\n<p>Meanwhile, another player in the meme coin space has taken center stage, giving token holders an easy entry into a <a href=\"https:\/\/insidebitcoins.com\/news\/hottest-new-stake-to-earn-gaming-meme-crypto-launches-presale-meme-kombat\" target=\"_blank\" rel=\"noopener\">hot stake-to-earn ecosystem<\/a>.<\/p>\n<h2>Promising Alternative To BONK<\/h2>\n<p>MK, the powering token for the <a href=\"https:\/\/insidebitcoins.com\/visit\/memekombat\" target=\"_blank\" rel=\"noopener nofollow\">Meme Kombat ecosystem<\/a>, is selling for only $0.235, with presale sales now reaching $2.686 million out of the $3.5 million target.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Your <a href=\"https:\/\/twitter.com\/search?q=%24MK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MK<\/a> is worth more!<\/p>\n<p>Yes. You read that correctly. You can buy <a href=\"https:\/\/twitter.com\/search?q=%24MK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MK<\/a> now for $0.235&#129321; <a href=\"https:\/\/t.co\/DAKBpbMqUB\">pic.twitter.com\/DAKBpbMqUB<\/a><\/p>\n<p>&mdash; Meme Kombat (@Meme_Kombat) <a href=\"https:\/\/twitter.com\/Meme_Kombat\/status\/1732792312785252455?ref_src=twsrc%5Etfw\">December 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The price tag will only hold for the next five days, meaning now is the time to <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-meme-kombat\" target=\"_blank\" rel=\"noopener\">buy MK<\/a> at low rates. Once a token holder, stake your tokens for Annual Percentage Yields (APY) as high as 318% as the dashboard is already live.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128227; Major Update &#128227;<\/p>\n<p>The Meme Kombat Staking Dashboard is officially live and ready to be used by you! <\/p>\n<p>Take a break from Kombat and visit the staking dashboard here: <a href=\"https:\/\/t.co\/nNFEYESjPs\">https:\/\/t.co\/nNFEYESjPs<\/a> <a href=\"https:\/\/t.co\/yswl0esb4G\">pic.twitter.com\/yswl0esb4G<\/a><\/p>\n<p>&mdash; Meme Kombat (@Meme_Kombat) <a href=\"https:\/\/twitter.com\/Meme_Kombat\/status\/1722694253648703804?ref_src=twsrc%5Etfw\">November 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Visit the Meme Kombat website to buy MK in the presale <a href=\"https:\/\/insidebitcoins.com\/visit\/memekombat\" target=\"_blank\" rel=\"noopener nofollow\">here<\/a>.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/meme-kombat-initiates-new-crypto-presale-will-this-transparent-stake-to-earn-meme-coin-achieve-a-10x-return\">Meme Kombat Begins New Crypto Presale: Can The Innovative Stake-to-Earn Meme Coin Achieve a 10x Return?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/how-to-buy-meme-kombat-on-presale-alessandro-de-crypto-video-review\">How To Buy Meme Kombat On Presale &ndash; Alessandro De Crypto Video Review<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bonk-price-prediction-bonk-becomes-third-largest-dog-themed-coin-behind-doge-and-shib-after-1000-surge-but-investors-still-rush-to-this-new-meme-coin-for-future-gains\">Bonk Price Prediction: BONK Becomes Third-Largest Dog-Themed Coin Behind DOGE And SHIB After 1,000% Surge, But Investors Still Rush To This New Meme Coin For Future Gains<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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