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đŸ”„ AI predicts BONK price for May 1, 2024 Bonk (BONK) has been making significant moves in the last 7 days to the point that it is, at press time, the best-performing top 100 cryptocurrency within the time frame. Indeed, while overshadowed to an extent by newer meme coins such as Dogwifhat (WIF) in the 2024 crypto bull market, Bonk has been offering decent performance throughout and is, on top of its 75% 7-week climb, 81% in the green year-to-date (YTD). Additionally, BONK is set to expand its audience with the neo-banking platform Revolut is enabling trading of the meme coin this April. With the recent and upcoming developments in mind, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of a platform specializing in forecasting future cryptocurrency prices – PricePrediction – on where Bonk might stand on May 1, 2024. ♊ AI forecasts BONK’s May 1 price According to the AI, Bonk will trade ever so slightly higher and with relative stability throughout the rest of April and climb to $0.000026 by May 1 – approximately 6.38% up from its press time price of $0.00002444. It is also forecast to start slumping shortly after and drop to $0.000025 by May 2, indicating that the April stability might not hold despite the predicted price representing a 0.229% upside from the April 25 values. Analysts are, however, substantially more bullish on the popular Solana (SOL) meme coin. Benjamin, a crypto analyst on X, found that having broken out after forming a symmetrical wedge, BONK is set to retest an all-time high (ATH). ♊ BONK price chart While it isn’t certain BONK will indeed soon surge 165% – or 6% for that matter – its recent performance has been exceptionally strong. The meme coin is 75% in the green on the weekly chart – though it did decline 7.84% on the daily chart indicating its crypto market strength may not be sustained. The longer time frames are, however, more positive despite the high volatility. Bonk rose a significant 81% since January 1 and is up as much as 3,904% in the last 52 weeks. $BONK #BONK

đŸ”„ AI predicts BONK price for May 1, 2024


Bonk (BONK) has been making significant moves in the last 7 days to the point that it is, at press time, the best-performing top 100 cryptocurrency within the time frame.

Indeed, while overshadowed to an extent by newer meme coins such as Dogwifhat (WIF) in the 2024 crypto bull market, Bonk has been offering decent performance throughout and is, on top of its 75% 7-week climb, 81% in the green year-to-date (YTD).

Additionally, BONK is set to expand its audience with the neo-banking platform Revolut is enabling trading of the meme coin this April.

With the recent and upcoming developments in mind, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of a platform specializing in forecasting future cryptocurrency prices – PricePrediction – on where Bonk might stand on May 1, 2024.

♊ AI forecasts BONK’s May 1 price

According to the AI, Bonk will trade ever so slightly higher and with relative stability throughout the rest of April and climb to $0.000026 by May 1 – approximately 6.38% up from its press time price of $0.00002444.

It is also forecast to start slumping shortly after and drop to $0.000025 by May 2, indicating that the April stability might not hold despite the predicted price representing a 0.229% upside from the April 25 values.

Analysts are, however, substantially more bullish on the popular Solana (SOL) meme coin. Benjamin, a crypto analyst on X, found that having broken out after forming a symmetrical wedge, BONK is set to retest an all-time high (ATH).

♊ BONK price chart

While it isn’t certain BONK will indeed soon surge 165% – or 6% for that matter – its recent performance has been exceptionally strong. The meme coin is 75% in the green on the weekly chart – though it did decline 7.84% on the daily chart indicating its crypto market strength may not be sustained.

The longer time frames are, however, more positive despite the high volatility. Bonk rose a significant 81% since January 1 and is up as much as 3,904% in the last 52 weeks.

$BONK #BONK

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👀 Is Uniswap Planning To Sunset Gas Fee? Founder Drops Unusual Hint A new X post from Uniswap Protocol founder Hayden Adams suggests that the platform could be considering the elimination of gas fees. 🔾 Potential Elimination of Ethereum Gas Fee Taking to X, Adams noted that no user should hear of the term “gas fee.” His statement is a clear indication that Uniswap, as a decentralized exchange, has issues with gas fees and their impact on user experience. For context, gas fees are transaction costs incurred for conducting transactions on the Ethereum blockchain, paid in Ether. The issue of gas fee is one that is of general concern as congestions generally drive these costs upward. The Dencun upgrade took place recently and it impacted the gas fee by lowering the payable fees on Ethereum Layer-2 protocols. Precisely, the Ethereum gas fee touched its lowest level in four years since 2020, resting at 6.8 Gwei. The post-Dencun upgrade brought about blobs and enhanced network efficiency, resulting in the noticeable decrease in fees. This upgrade piqued developers’ interest in how gas prices might rise if market activity were to surge. As one of the biggest Decentralized Exchanges (DEX), if Uniswap can eliminate gas fee on its platform, it might ultimately trigger a new wave of embrace. 🔾 Ethereum Ecosystem Welcomes Multiple Upgrades Meanwhile, the Ethereum ecosystem has welcomed other upgrades in last few months. On Friday, Christine Kim, the Vice President on the Research team at Galaxy took to the X platform to highlight the latest task that Ethereum (ETH) developers are undertaking regarding Pectra upgrade. According to Kim, these developers agreed to further expand the scope of the Pectra upgrade with the inclusion of EOF and EIP 7702. There is Electra upgrade, the next consensus layer-focused hardfork coming to Ethereum. Prior to the proposed expansion of Pectra upgrade, Kim identified four key codes that the team behind Electra upgrade plans to add. $UNI #UNI #Uniswap
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🚀 Solana’s DeFi activity could be good news for SOL’s price – Here’s why Unique Active Wallets (UAWs) on Solana [SOL] recorded an incredible surge in the last 24 hours, according to DappRadar. Decentralized applications including Jupiter, Raydium, and Magic Eden contributed to the aforementioned surge. TopCryptoNews found that UAWs on aggregator Jupiter Exchange were 307,100 in number, representing a 251% hike. For Raydium, it was an uptick to 285,200 while NFT activity picked up. Finally, the same hiked by up to 178% on Magic Eden. 🔾 Memecoins are driving SOL up and down The rise in activity on Raydium and Jupiter could be linked to increasing memecoin activity in the market. An assessment of the platforms revealed that the buzzing memecoin narrative can be attributed to GameStop (GME) and legendary trader Keith Gill, popularly known as “Roaring Kitty.” On 7 June, derivative tokens linked to the trader appeared in high numbers. Also, these Solana-based tokens jumped to mind-blowing market caps within just short periods. This hike also indicated an increase in demand for SOL. However, at press time, Solana’s price was valued at $162.44, representing a 5.44% fall in the last 24 hours. For many degenerates, the idea of buying a memecoin is not to hold for a long time. In crypto, a degenerate refers to an individual who engages in trading highly-volatile and speculative tokens with no fundamentals. As such, when the tokens reach a certain level of gain, they exchange it for the Solana native token, and sell it for a stablecoin or fiat. Recently, there has been a plethora of such pumps and dumps, and it might not stop anytime soon. Should this be the case, SOL might continue to move sideways. 🔾 Can the token bank on BTC? On the other hand, a hike in buying pressure accompanied by high volatility could trigger a breakout in price. However, by the look of things, SOL could drop below $160 in the short term. $SOL #SOL #Solana
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✅ Binance Active Users Reached 200 Million Mark Binance active users achieved growth of more than 30 million in early 2024 despite legal challenges. 🔾Binance Active Users Achieve Major Growth in 2024 Binance active users increased by over 30 million in the first half of the year, highlighting the platform’s resilience and continued user trust amid ongoing turbulence in the cryptocurrency market. The increase in users from 100 million to 200 million on Binance took two years and two months. According to Binance CEO Richard Teng, the company is dedicated to putting the demands of its expanding user base first because it is a user-centric platform. Throughout 2023, Binance faces numerous difficulties, including lawsuits from the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Despite these challenges, the exchange has made considerable strides in compliance and regulation. In 2024, Binance secured regulatory approvals from several countries, marking a significant step towards bolstering its global operations. $BNB #Binance #Binance200M
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đŸ€Ż Hundreds of Millions of Dollars of Offers Accepted on This Altcoin The Arbitrum Foundation, the organization that supports Ethereum rollup-based Layer 2 network Arbitrum, has received approval to distribute hundreds of millions of dollars to support gaming projects on the network over the next three years. The proposal, first announced in March, was officially adopted on Friday with over 75% support votes. The proposal will allocate 225 million ARB tokens, worth approximately $215 million at current prices, over three years to a newly created Game Catalyst Program (GCP). GCP is designed to “
immediately expand awareness and adoption of Arbitrum/Orbit/Stylus by developers and players in the gaming community,” according to the proposal. Organizations that significantly supported the proposal included L2Beat, Wintermute, and the gaming-focused Treasure DAO, while Blockworks Research and Camelot DAO were among those who voted against it. The bulk of the funding was allocated to developers; New and early-stage developers have the opportunity to apply for grants worth up to 500,000 ARB (about $483,000 at current prices), while more established developers must apply for investments with a share of value component through tokens, equity or similar means. The remainder of the funds can be allocated to infrastructure-related awards and operational expenses. $ARB #ARB #Arbitrum
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📣 2 cryptocurrencies to reach $25 billion market cap in the second half of the year The cryptocurrency market remains volatile, heavily influenced by broader economic factors. Recent U.S. job growth data exceeded expectations, indicating the economy is coping well with higher interest rates. 🔾 Dogecoin (#DOGE ) Dogecoin’s (DOGE) current market cap stands at $21 billion. Recently, the price of Dogecoin faced severe bearish pressure, dropping below $0.15 for the first time in June 2024. Despite this downturn, recent blockchain activity suggests this decline might be temporary. Significant whale activity has been observed on the Dogecoin blockchain. Crypto analyst Ali Martinez reported over 150 DOGE transactions, each worth over $1 million, in a single day. This surge in whale transactions, the highest since mid-April, indicates that major investors are acquiring Dogecoin at current prices, setting the stage for a potential price recovery. Although the meme coin sector has been under intense selling pressure, technical analysis projects DOGE could surpass $1 per coin. However, economic fundamentals and market volatility may challenge this target. Despite a recent 7% decline in value on the weekly chart, Dogecoin’s substantial market cap and strong community support could drive it towards the $25 billion mark. 🔾 Toncoin (#TON ) Unlike broader market trends, Toncoin, a Layer-1 cryptocurrency closely linked to Telegram, has rallied by over 6.5%. As of press time, Toncoin is trading at $7.18, with a market cap of $17.4 billion and trading volumes exceeding $354 million. This surge follows Telegram’s announcement of a new in-app currency, Stars, linked to Toncoin. Stars will facilitate the purchase of digital goods and services across all mini-apps on Telegram, creating a crypto-backed ecosystem. Users can purchase Stars with fiat currency or directly within Telegram, using them to buy digital products within Telegram mini-apps. $DOGE
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