$BONK is on a mission, aiming to burn a trillion tokens 🎄💥 before Christmas! While it's currently up 0.5% at $0.00003175, the broader crypto market is seeing a 1% dip today. Despite a 12% drop in the last week and a 45% fall from its all-time high of $0.00005825, there's hope on the horizon! 🌟
With the BONK DAO targeting a huge burn of 1 trillion tokens in celebration of ‘BURNmas,’ the stage is set for a potential comeback. 🚀🔥 The BURNmas tracker is currently anticipating a mind-blowing 1.6 trillion BONK to be burned, and some are even predicting a $0.11 price target long-term! 💰📈
But that's not all—BONK’s community is actively rallying! The DAO and Bonk team have launched a campaign to get the word out during BURNmas, with 100,000 BONK burned for every #LetsBONK tweet 📲🔥. With expectations far exceeded, the burn could represent 1.7% of the total supply—a significant chunk!
However, even with this massive effort, BONK's price hasn't yet reacted. The post-election market recovery and broader market trends have put a damper on things. But there’s a silver lining: the RSI (Relative Strength Index) 📊 is trending upwards again, hinting at a potential recovery as BONK could be forming an intermediate bottom. Plus, the 30-period moving average might soon cross over the 200-period moving average! 📈⚡
While trading volume is lower than November’s peaks, all eyes are on the crypto-friendly legislation and Donald Trump’s inauguration next month, which could give the market a much-needed boost! 💥
Is BONK poised to rebound to $0.000050 by Q1 2025 and possibly $0.00010 by Q2? The stage is set—hold on tight! 🚀🔥💸
