Meme coins $DOGE and Bonk ($BONK ) are catching the attention of investors with mixed performance in the current crypto market. 🔥✅️
While DOGE is supported by Elon Musk signals, BONK relies on strategic token burning. 🔥
Dogecoin: Is $1 Within Reach?🔥
Dogecoin has been on the rise in the past week after a tweet from Elon Musk, endorsing DOGE as a digital payments tool. 🔥🔥
DOGE price surges to $0.3432, accompanied by a 90% increase in daily trading volume to $3.80 billion. 🔥🔥
Whales have also shown strong confidence in the token, accumulating an estimated 470 million DOGE, expressing optimism about the coin’s long-term potential. 🔥🔥
Dogecoin is currently hovering near the key Fibonacci level 0.618 at $0.33, which is a historically important area for major DOGE bullish waves. 🔥🔥
If this trend repeats, DOGE could hit the psychological $1 barrier in 2025. 🔥🔥
BONK: Recovery Despite Major Token Burns Bonk recently burned 1.69 trillion tokens worth over $51 million, aiming to increase scarcity and boost value. 🔥
However, BONK price is still below the 100-day simple moving average, indicating a negative sentiment. Despite this, analysis suggests that BONK could break its downtrend and reach $0.000075 in 2025, with a long-term forecast targeting $0.11. 🔥
Bonk's roadmap focuses on expanding its ecosystem and increasing the utility of the token, which could attract more investors and drive growth. 🔥✅️
While DOGE and BONK rely on community support and token strategies🔥💰$BONK