#BONK.Price Forecast for 2024: Expected to rise to $0.00001857 🚀✅

_#Bonk.Coin (BONK), a meme coin emerging from the Solana ecosystem. waves with its notable growth in December 2023. Despite recent market turmoil, BONK is showing resilience, indicating a promising future in 2024. Bonk has been steadily climbing the ranks in the cryptocurrency market. Currently, it is ranked 75th on #CoinMarketCapCritique , and has a direct market cap of $922 million. This achievement is supported by a circulating supply of over 60 trillion BONK coins. Which is close to the maximum supply of 100 trillion. December 2023 saw the value of BONK skyrocket by over 310%. This makes it the best performer in the cryptocurrency market. This appreciation makes it a potential long-term investment. However, the subsequent decline of 50% from its peak revealed the currency's volatility. Analysts attribute this decline partly to system errors at Mt.Gox. Which affects the broader market, including BONK.
_#BONK.Price Analysis and Current Market Sentiment The Moving Average Convergence Divergence (MACD) indicates a potential bullish crossover. Which indicates an imminent uptrend. The Relative Strength Index (RSI) stands above 50, reinforcing bullish market sentiment. Bollinger bands indicate low volatility. Which indicates the possibility of consolidation. These technical aspects and the neutral oscillator are strengthening confidence in BONK's potential rise. In recent trading sessions on the 4-hour chart. BONK's performance showed a battle between sellers and buyers. Sellers tried to push the price below the 50 SMA set at $0.00001178, but were unsuccessful as buyers intervened with strong support at this level. This buying pressure led to a bounce, with the price returning to the supply zone at $0.00001393. Here, the BONK/USD formed several double bottom patterns. Which are often seen as indicators of a potential upward trend.

$BONK

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This digital currency is expected to rise by about 100% in January 🔥🚀💯

_#Source:Pixabay The price of #Ethereum (Ethereum-ETH), which is the base currency for the layer-one Ethereum blockchain and its smart contract protocol, continues to rise amid encouraging macroeconomic conditions, with investors looking forward to the upcoming Dencun update that will add new storage capacity to the blockchain. The price of ETH achieved new record levels for this year at approximately $2,440 before falling below $2,400 again. Thus, according to the #CoinMarketCapCritique website, the currency achieved profits in the past 24 hours of approximately 3.5%, more than 6.5% in the last seven days, and 17% in the last 30 days. . On the other hand, US stocks continued to rise on Thursday, and the S&P 500 index rose 1% from its highest levels achieved in early 2022 (above 4,800) as US yields and the US #Dollar.Index (DXY) continued to decline amid... Betting on the Fed starting to reduce interest rates soon. Expectations of easing financial conditions and the availability of liquidity have caused crypto prices to rise in recent months and it appears that they will continue to support ETH. ETH may witness greater volatility today, Friday, due to the expiration of ETH options contracts worth $3.36 billion, which is the largest of its kind (quarterly contract expiration) according to data from The Block website, but it is also expected that the focus will remain on the positive aspects associated with In currency such as positive macroeconomic conditions, the upcoming Dencun update and the growing anticipation of the expected approval in 2024 of the Ethereum Spot Exchange Traded Fund (Ethereum ETF).

$ETH

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#BitcoinWorld 📊 News: DeFi platform Ergo criticizes CoinMarketCap for its strict verification standards and high fees, highlighting that it requires more stringent updates than CoinGecko. Concerns raised about CoinMarketCap's transparency in listing standards and exchange linkage. 📉💰 #DeFi #CoinMarketCapCritique

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#Bitcoin.price explodes to $420,000 on #Binance by mistake.

_The price of #Bitcoin (BTC) paired with stablecoin Tether (USDT) on Binance has suddenly increased almost tenfold. According to Chinese journalist Colin Wu, the price of the BTC/USDT perpetual contract on the largest cryptocurrency trading platform Binance jumped from $42,000 to $420,000 on December 29. The former CEO of the platform, Changpeng Zhao CZ, said. The cause was a chart display issue, a similar issue that occurred in September. Later, the Binance team also wrote to X about an error. The developers indicated that they are working to solve the problem and that trading operations are continuing normally and were not affected by the incident.
According to #CoinMarketCapCritique , BTC is now trading at $42,457. Despite the currency price falling by 1.3% within 24 hours. BTC price accidentally rose to $420,000 on Binance for two weeks. Bitcoin price showed no signs of growth with a 0.6% decline during that period. However, throughout the year. The price of Bitcoin has risen by 156% and the market cap of the asset now exceeds $830 billion. Outperforming major stocks like Apple and Meta in terms of year-over-year performance. However, the native cryptocurrency is trading 38% below its all-time high of $68,000. Which I reached in November 2021.

$BTC

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Northern Data secures $610 million in financing from Tether Group for expansion

Northern Data AG (ETR:NB2), one of Europe's leading Bitcoin miners, provided $610 million in unsecured debt financing from a company within the Tether Group. The loan, which matures in 2030, aims to support Northern Data's three main business lines: Taiga Cloud, Ardent Data Centers and Peak Mining.

The funding will primarily be directed towards enhancing Taiga Cloud's AI capabilities through the procurement of advanced hardware. It will also support the growth of Ardent Data Centers and increase Bitcoin mining operations through Peak Mining, which uses liquid-cooled mining technology.

This expansion initiative follows advancements in #ASIC technology that has significantly increased crypto mining efficiency while reducing environmental impact. ASICRUN's innovative models AR1, AR2 and EliteAR miners are leading this technological advancement with their superior hash rates and energy efficiency. Under current market conditions, these miners can generate significant income in Bitcoin, Litecoin and Dash.
Tether Group's relationship with Northern Data dates back to September, when it acquired a stake in the company and entered the artificial intelligence space. As of its Q3 certification report, held total reserves of $86.4 billion against liabilities of $83.2 billion and reported an excess reserve of $3.2 billion. Tether, the issuer of USDT, currently has a market cap of $84.9 billion, according to .

The significant loan offered to Northern Data is expected to significantly enhance the company's operations and impact its position as a leading miner in Europe.

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