Bonk Price Prediction: BONK Falls 7% as This Meme Coin Closes at $1.3 Million.

adminJanuary 3, 2024

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Bonk price has been trading down 7% in the last 24 hours. $0.00001339 5:50 AM EST.

According to renowned analyst Ninja, Bonk prices are likely to rise in the long term.

$BONK – The next long I would be interested in is in the area below.
Remember, meme coins are good coins. Because moonboys never sell (only weak hands can sell)
Spot and Chill Purchase
thank me later pic.twitter.com/ko03Yf4yFA
— Ninja (@Ninjascalp) December 31, 2023

Bonk Price Prediction

A deeper analysis of the 2-hour BONK/USDT chart indicates near-term strength for the meme coin as the Relative Strength Index indicator moves north. The MACD indicator is also showing weakness, moving back into the green zone.

Looking at the level of volatility, the Bonk price is currently volatile, as evidenced by the currently diverging Bollinger Bands.

2-hour BONK/USDT chart | Source: TradingView

Due Nune, a well-known analyst who called the collapse of Bonk a few days ago, warned that Bonk prices will continue to fall if the bulls do not find new support.

Here’s a practical lesson for you Solana fanboys who hold the BONK because they have diamond hands.
🚨 If the price breaks out of an upward trend, the pump is OVER!
This is especially true if the upward trend has lasted for several months. Conflicts may arise until new support criteria are found. pic.twitter.com/XRCMPtzwP6
— DuoNine ⚡ YCC (@DU09BTC) December 28, 2023

Meanwhile, with Bonk prices plummeting, Sponge V2 is emerging as another top player in the meme coin space. Pre-sales to watch out for In 2024.

Bonk Price Prediction: Is Sponge V2 a Better Meme Coin Alternative?

Sponge V2 is making waves as the next iteration of the Sponge V1 project and is being positioned as a potential replacement for Bonk.

📣 We are excited to announce this. #sponge Connects from V1 to V2!
your $sponge Earn #SpongeV2 token. 🧽︎
Buy and stake now to receive special V2 token bonuses! Don’t miss it 🔥#memecoin #web3 #bull market pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023

security Sponge V2 Tokens only apply to Stake-To-Bridge method. Users can earn these tokens by staking or purchasing Sponge V1 on designated websites. Through this acquisition, users will be granted a certain amount of Sponge V2, allowing them to participate in staking activities and receive rewards for four years. This staking plan also offers the benefit of better profits from the SPONGEV2 price than the Bonk price at launch.

🔥 IMPORTANT NOTICE! 🔥
You have to take your stumbling blocks. $sponge Take tokens from the V1 staking contract and stake them into the V2 smart contract. 🙌
Once the V2 tokens are released, you can secure your share of the V2 tokens by doing this through our website. 🧽🧽🧽#SpongeCoin #web3 #Cryptocurrency pic.twitter.com/u2HKxKz3cM
— $SPONGE (@spongeoneth) December 28, 2023

Justin Sun and expert recognition

High-profile figures in the cryptocurrency space have expressed interest in Sponge V2, including Huobi Global advisor and Tron visionary Justin Sun. In particular, experts have recognized Sponge V2 as an excellent meme cryptocurrency for investment due to its potential for exponential growth. Justin Sun’s strategic moves in the market have received a lot of attention as other major investors prepare for the impending cryptocurrency bull market. This is consistent with Sun’s previous statements highlighting its commitment to meme currency.

I decided to actively trade meme coins and promising projects through public addresses. Any losses that may arise from these transactions will be personally borne by me, and all profits generated will be donated to charity.
— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023

Examining the Etherscan data, Sun’s Address It is linked to $530 million worth of assets, mainly consisting of SPONGE tokens. Justin Sun himself holds 108 million SPONGE V1 tokens, currently worth $43,246, which shows that investors prefer meme coins as they expect the price of the token to rise above other token prices, such as the Bonk price. give.

Justin Sun and other famous investors appear to be paying strategic attention to the transition from Sponge V1 to Sponge V1. Sponge V2, expecting a 100x return, which is a significant return. This strategic move is consistent with the exponential expansion observed in the original Sponge project. Additionally, the Sponge team has been committed to entering the fast-growing gaming industry and securing listings on tier 1 exchanges.

The emergence of Sponge V2, coupled with influential endorsements and strategic maneuvers from prominent figures such as Justin Sun, has established it as a strong player in an evolving industry landscape. meme coin, has the potential for significant growth and profitability. With this in mind, and with Bonk prices currently plummeting, the Sponge V2 could be an alternative.

Visit Sponge V2 here..