Bonk Price Prediction: BONK Overtakes PEPE to Become Third Largest Meme Coin, But Investors Expect Small Pre-Sales Amid Market Turmoil.

adminDecember 12, 2023

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Bonk price has risen 10% in the last 24 hours to $0.00001277 as of 12:05 AM ET, as trading volume fell 25%.

In a month, Bonk is up 434%, with the Solana-based meme coin surpassing peer PEPE to take third place in the list of top meme coins by market capitalization. As of press time, its market capitalization is $778 million compared to Pepe’s $595 million.

Bonk prices have skyrocketed as interest in the Solana ecosystem has grown.

As interest in the Solana ecosystem grows, blockchain projects are gaining attention over time, and BONK is at the forefront.

As can be seen in the chart above, Bonk price has outperformed Shiba Inu (SHIB) and even Dogecoin (DOGE), up 5% and 6% respectively compared to Bonk’s 102% surge in 7 days.

According to one X user @baileyunderhil1, “The meme coin phenomenon has a new competitor in the Bonk token.” The user added that the surge signals “a potentially massive change in the meme coin hierarchy.”

Bonk Price Prediction After Soaring 1,000% in 30 Days – Can It Overtake DOGE and SHIB? 💎💎💎
The meme coin phenomenon has a new competitor in the form of Bonk Token, which has experienced an incredible 1,000% surge in just 30 days, signaling a potentially massive change in the future for meme coins.
— Bailey Underhill (@baileyunderhil1) December 10, 2023

Among the tailwinds for Bonk prices were the listings of Binance and KuCoin.

Elsewhere, the BONK token has received a ton of interest in the futures market, with perpetual traders riding the volatility of the Bonk price.

Bonk Price Prediction

Bonk price is at the $0.00001185 support level in a market range measured from $0.0000002017 to $0.00001499.

The buyer congestion zone is just above the 70.5% Fibonacci level, which provides further support at $0.00001063.

From a big picture perspective, Bonk remains bullish on the daily time frame. Bonk price action is defined by higher highs and higher lows, and the outlook is supported by the Relative Strength Index (RSI).

This momentum indicator continues to point north, suggesting that momentum is still rising despite BONK being overbought.

Additionally, the Awesome Oscillator (AO) is in positive territory with a green histogram bar, indicating that bulls have established a strong presence in the BONK market.

Increasing buying pressure may extend Bonk price northward and break the high range of $0.00001490. In a very bullish case, the meme coin could hit a new all-time high by filling the local high of $0.00001499.

Conversely, once profit booking begins, Bonk price may fall below the $0.00001185 support, tagging the 70% Fibonacci level of $0.00001063. If this retracement level fails to hold support, the market value of the meme coin could decline further and potentially revisit the important Fibonacci level of 61.8% at $0.000009345.

In severe cases, the Bonk price may extend the load shedding movement to find support at the 50% Fibonacci level of $0.000007599. However, for the bullish outlook to be invalidated, Bonk price would need to close the daily candlestick below the 23.6% Fibonacci level of $0.000003604. Such a move would result in a 70% decline from current levels.

Meanwhile, amid the meme coin craze, two tokens in particular continue to make headlines: MK and WSM. It is one of the top five cryptocurrencies to buy in December, with experts expecting a 10x growth potential.

A promising alternative to BONK

MK, which supports the Meme Kombat ecosystem, and WSM, the ticker of the Wall Street Memes ecosystem, are presented as the most promising alternatives to BONK.

combat memes

Meme Kombat is a revolutionary new gaming platform designed for gaming enthusiasts. It uses an equity-to-earnings strategy, with equity holders enjoying annual percentage returns (APY) of up to 296% as of press time.

MK Steak

The Staking Dashboard was launched in early November, giving token holders the opportunity to increase their earnings.

📣Major Updates📣
The Meme Kombat Staking Dashboard is officially live and ready for you to use!
Take a break from Kombat and visit our staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023

The Meme Kombat ecosystem continues to gain traction, and its popularity boasts over 9,775 followers on X.

$MK Reaching new heights. #memecoin A world full of storms. Participate in the pre-sale now! https://t.co/2x2FvsuR61
— Meme Kombat (@Meme_Kombat) December 12, 2023

This followership comes as sales reach more than $2.85 million of the $3.5 million goal.

Exceeded 2.8 million dollars💪
Have a great week! pic.twitter.com/1OJfgQzWxr
— Meme Kombat (@Meme_Kombat) December 11, 2023

Currently in the pre-sale phase, interested investors can purchase MK tokens for $0.235. This price will last for the next two days before the price increases to $0.246. Don’t miss this opportunity to save nearly 10% on admission.

Visit the Meme Kombat website to purchase MK in pre-sale here.

wall street memes

Wall Street Memes is a worthwhile purchase as ownership of WSM tokens gives investors access to an exclusive community of token holders.

WSM Casino has a variety of bonuses and opportunities to earn rewards by staking $WSM tokens. The project only recently launched a dashboard, giving community members the opportunity to view their projected net gaming revenue and WSM buybacks in real time.

Dashboard released! 🚀
Here you are! We’re excited to launch the dashboard today. Here is the expected game net revenue and $WSM Buy back in real time! 🔥
Check it out here ➡️ https://t.co/CiduXK4vBh
There are also hints at other features to come… pic.twitter.com/jOAH5LsjaJ
— Wall Street Memes (@wallstmemes) December 11, 2023

To purchase WSM in pre-sale here, visit the Wall Street Memes website.