Bonk Price Prediction: BONK Soars 22% Amid Investor Enthusiasm for This Bitcoin Cloud Mining Platform Closes on $5 Million Presale

adminDecember 7, 2023

join us telegram A channel to stay up to date on breaking news coverage

Bonk prices have surged 22% in the last 24 hours. Traded for $0.00000792 At 8:50 a.m. EST, trading volume was down 14% to $81 million.

Bonk prices have surged 952% in the past month, driven by capital inflows into the Solana blockchain and a growing appetite for riskier investments in tokens associated with the network.

Bonk is now the third-largest token within the dog-themed category, behind Dogecoin (DOGE) and Shiba Inu (SHIB).

Bonk, with a market capitalization of $481 million, has surpassed Floki (FLOKI)’s $400 million and BabyDogeCoin’s $350 million.

Bonk price targets new high

Bonk price USD chart analysis. Source: Tradingview.com — BONKUSD chart analysis. Source: Tradingview.com

Bonk Price Prediction

BONK price shows a bullish technical trend, characterized by buyer consolidation near the $0.0000003434 support and a successful break of the February highs at the $0.000005625 resistance.

This resilience indicates the potential for a continued bullish trend generating momentum towards $0.00001077.

BONK remains positioned above the 200-day and 50-day simple moving averages (SMAs), confirming the bullish outlook and providing immediate support levels. The crossover of $0.0000004380 highlights that bullish sentiment is currently widespread.

The Relative Strength Index (RSI) is above the overbought threshold at 70 and is trading at 81, indicating strong buying pressure.

A target of $0.00001077 as the next resistance reflects a potential 32% increase from the current price.

However, a possible weakness-induced collapse during the bullish rally could trigger a bearish reversal, leading to a corrective move towards the $0.000005625 support zone.

Investors looking for diversification among altcoins with tremendous upside potential can also explore Bitcoin Minetrix.

Bitcoin Minetrix Raises $4.9 Million, Price Increases in 12 Hours

Bitcoin Minetrix (BTCMTX) Breaks away from traditional approaches to Bitcoin mining that require expensive equipment and allows ordinary individuals to mine BTC without the burden of expensive tools and the risk of falling victim to third-party fraud.

discovery #BTC Cloud Mining ⚒️🖥️
Dig into the process #Bitcoin Mining minus the burden of owning or maintaining equipment.
💰 No initial hardware costs.
🔧 All you need is basic skills.#Cloud Mining #Bitcoin mining pic.twitter.com/Arqhnr1gMx
— Bitcoin Minetrix (@bitcoinminetrix) December 5, 2023

Currently in the pre-sale phase, Bitcoin Minetrix has already secured an impressive amount of funding, exceeding $4.9 million toward a $5.4 million target. This positive investor sentiment reflects the token’s potential post-launch, especially with Bitcoin’s price soaring.

#Bitcoin Metrics Stage 11 ends in just one day! ⏳
How do I see it? #blockchain Will this impact data security in the next five years? 💻#Data Protection #Blockchain future pic.twitter.com/Ao30t6hdJ5
— Bitcoin Minetrix (@bitcoinminetrix) December 6, 2023

Investors can now Obtain BTCMTX tokens Available at a discounted price of $0.012 per token. However, this price will increase in about 12 hours as the pre-sale moves into the next phase. Therefore, it is recommended to purchase tokens at current low prices.

Earn BTCMTX Rewards and Earn Passive Income

BTCMTX holders receive immediate rewards and also have the opportunity to generate passive income. The project is currently hosting a $30,000 Mine Drop Sweepstakes where 10 participants will each win $3,000 worth of BTCMTX.

btcmtx staking

Additionally, investors can earn passive income through: BTCMTX Token Staking, secured a generous Annual Percentage Yield (APY) of 121%. It is worth noting that APY gradually decreases as more individuals participate in staking.

According to popular cryptocurrency analyst and YouTuber Jacob Bury, BTCMTX was recently recognized as one of the best cryptocurrencies to buy this December. In his video, he briefly explains the mechanics of the project.