Crypto Ahmet
--
Bullish
šššBonk Price Prediction As BONK Increases 5% in 24 Hours ā Is It Time to Buy?
The market's third largest Doge-inspired meme coin, #BONK , has increased by 6% in the last 24 hours and was trading at $0.00001055 at the time of writing.
This is an increase of just over 1% compared to last week, but the token has lost 20.5% of its price over the past thirty days due to a downward trend.
Today's big breakthrough was supported in part by the Sunday-wide rise, which contributed 4.6% to the market leader Bitcoin and 3% to its closest competitor Ethereum.
BONK is published on the Solana blockchain.
The network's native #SOL token is also performing well, registering a growth of 7.4%. since late 2023, BONK's rallies usually mirror those of the main network token.
BONK's Relative Strength Index (RSI) is currently around 58, which indicates healthy buying. When this number rises to 70, as it did earlier today and several times throughout January, the token is considered overbought and therefore overvalued.
The cryptocurrency is currently above its 30-day moving average, as can be seen from the pale blue line. This indicates that it is better than the usual short-term performance.
Memecoin BONK: A Start-Up
BONK was launched on Christmas Day 2022, shortly after the collapse of FTX, dealing a major blow to the public image of the closely related Solana blockchain.
Its creators distributed 50% of the total supply of the token as an airdrop to various developers, NFT owners, creators and artists.
In the middle of the following December, it reached an all-time high when it traded at $ 0.00003416. Today's price reflects a 70% retreat from this.
BONK, whose current market value is $ 641,624,033, is 109th by market value. it is the largest cryptocurrency. This is a little away from the capitalization of the original, number one Doge-based memecoin Dogecoin (DOGE), which captured $ 11.5 billion of the market and took eleventh place. Dogecoin also uses its own Proof-of-Work blockchain.
#Write2Earn #binance
The market's third largest Doge-inspired meme coin, #BONK , has increased by 6% in the last 24 hours and was trading at $0.00001055 at the time of writing.
This is an increase of just over 1% compared to last week, but the token has lost 20.5% of its price over the past thirty days due to a downward trend.
Today's big breakthrough was supported in part by the Sunday-wide rise, which contributed 4.6% to the market leader Bitcoin and 3% to its closest competitor Ethereum.
BONK is published on the Solana blockchain.
The network's native #SOL token is also performing well, registering a growth of 7.4%. since late 2023, BONK's rallies usually mirror those of the main network token.
BONK's Relative Strength Index (RSI) is currently around 58, which indicates healthy buying. When this number rises to 70, as it did earlier today and several times throughout January, the token is considered overbought and therefore overvalued.
The cryptocurrency is currently above its 30-day moving average, as can be seen from the pale blue line. This indicates that it is better than the usual short-term performance.
Memecoin BONK: A Start-Up
BONK was launched on Christmas Day 2022, shortly after the collapse of FTX, dealing a major blow to the public image of the closely related Solana blockchain.
Its creators distributed 50% of the total supply of the token as an airdrop to various developers, NFT owners, creators and artists.
In the middle of the following December, it reached an all-time high when it traded at $ 0.00003416. Today's price reflects a 70% retreat from this.
BONK, whose current market value is $ 641,624,033, is 109th by market value. it is the largest cryptocurrency. This is a little away from the capitalization of the original, number one Doge-based memecoin Dogecoin (DOGE), which captured $ 11.5 billion of the market and took eleventh place. Dogecoin also uses its own Proof-of-Work blockchain.
#Write2Earn #binance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
Replies 0