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‘Crypto president’ Donald Trump’s new and improved Securities and Exchange Commission (SEC) has announced today the creation of a crypto task force to tackle the industry’s regulations.

Per the official statement from SEC Acting Chairman Mark T. Uyeda, this task force will be led by Commissioner Hester Peirce, and it will develop “clear rules for crypto,” something that has been missing for years.

The group is also designed to work with government agencies, Congress, and international bodies. Peirce, long nicknamed “Crypto Mom,” has been a proud advocate for crypto for years.

She will be supported by Richard Gabbert, who will serve as Chief of Staff, and Taylor Asher, stepping into the role of Chief Policy Advisor.

SEC steps up as crypto chaos intensifies

Under Gary Gensler, the SEC was criticized for its heavy-handed and inconsistent approach to crypto regulation, relying mostly on enforcement actions instead of clear guidelines. Companies have been left guessing what’s allowed and what isn’t, often finding out the hard way.

This new task force claims it’s gonna change that by setting straightforward rules for registration and compliance. Uyeda said:

“This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties. We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation.”

The task force will also coordinate with federal departments like the Commodity Futures Trading Commission (CFTC) and international regulators.

Commissioner Peirce added that the initiative would only succeed if it had plenty of input from industry stakeholders. Meanwhile, the crypto market erupted with the news as President Trump’s own memecoin, $TRUMP, finally went green again.

The token, which plummeted two days ago after First Lady Melania Trump launched MELANIA, has now revived to above $50 as of press time. Coinbase decided to list the meme coin too following the news. But Kraken has already made headlines as the first US exchange to do so four days ago.

Social media buzzed with criticism, with many pointing out the risks of mixing influential people with crypto projects, as we’ve seen many times in the past. Despite the backlash, analysts like Gautam Chhugani from Bernstein believe: “The President of America has his own coin. Our view would be to view the event as a signal that a new crypto regulatory era is here to stay and invest in the more valuable parts of the ecosystem.”

Meanwhile, after hitting $109,350 before Trump’s inauguration, Bitcoin dipped to $103,527 shortly after before rebounding to $107,000 at press time.

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Bonk is currently exchanging at $0.00002918, according to CoinMarketCap data analytics. But Coinfomania believes it could balloon to $0.00009414 by February 20. 

This forecast points to a massive 227.69% potential increase, but the market sentiment is still bearish.

Despite the optimistic projection, the Fear & Greed Index shows extreme greed at a reading of 76. This suggests that while excitement is high, caution is still needed in the market.

Source: coinmarketcap Short-Term Targets Show Back-to-Back Growth for BONK

Bonk has been moving within a volatile range, with an 8.02% price fluctuation in the last 30 days. During this period, the token enjoyed green days half of the time, closing higher on 15 out of 30 days.

In the next few days, BONK’s price could gradually rise, with a projected top of $0.00003739 by January 26, 2025. That would mean an appetizing 28.50% growth from the current price level.

Farther Potential Looks Bright for Bonk Investors

Upfront, Bonk’s price predictions for 2025 suggest an exciting year. In January alone, prices could cap from $0.00002873 to $0.00009750, bringing a potential 234.70% return on investment.

February seems even more attractive, with a high estimate of $0.000136 and an ROI projection of 365.43%. 

March might cool down slightly, with an expected range between $0.00007128 and $0.000105. In April, Bonk could hover between $0.00009900 and $0.000115, offering steady returns.

May’s forecast suggests a trading cap from $0.00007690 to $0.000104, indicating some stability. June might see prices dip a bit, dangling between $0.00006299 and $0.00008099.

July could follow the same pattern, with Bonk expected to range from $0.00006812 to $0.00007983. In August, the token might trade between $0.00004893 and $0.00006692, inking a quieter market phase.

September projections suggest a cap of $0.00005200 to $0.00006189, with modest growth. October could bring a slight uprun, with prices skipping between $0.00005228 and $0.00006969.

November’s picture looks okay, with an expected range between $0.00006882 and $0.00007948. December might close the year with prices between $0.00007181 and $0.00007363, showing a steady finish.

Should You Invest in Bonk Now?

An investor throwing $1,000 into BONK today might see their portfolio grow to $4,660 by February 2025. This would translate to a huge 366.03% return, minus any additional fees.

Bonk’s technical finger points mixed signals with the 50-day moving average cruising at $0.00003444 and the 200-day moving average at $0.00002700. The 14-day RSI stands at 50.02, suggesting the token is in neutral territory.

FAQs 

1. What’s the current sentiment for Bonk?

It’s bearish, but greed is high.

2. What’s Bonk’s short-term price target?

It could hit $0.00003739 by January 26, 2025.

3. How much can Bonk grow in 2025?

It might rise by 365.43%.

The post Bonk (BONK) Price Prediction, Jan-Dec: Could BONK Deliver 365% Gains in 2025? Is It Late to Get In Now? appeared first on Coinfomania.

GM!

In Davos this week meeting world and corporate leaders. The sentiment has shifted significantly and now more are keen to embrace crypto and digital assets.