Bonk Price Prediction: BONK Surges 59% to All-Time High, but Traders Are Still Flocking to Surging Solana Competitor for the Biggest Airdrop in History.

adminMarch 4, 2024

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Bonk price has surged 59% in the last 24 hours. Traded for $0.00003515 As of 3:28 a.m. EST, trading volume had increased 114% to $1.17 billion.

The increase helped BONK reach its highest ever valuation after supporting BonkDAO’s ‘Learn and Earn’ campaign by European fintech platform Revolut. The plan aims to increase Bonk’s user base to 500,000.

#revolution Plan to list #bonk Launches $1.2 million campaign to educate users about meme coins. An approval vote is expected to pass. #Cryptocurrency #Solana
Follow us and stay tuned! 📺🔊
— Learn2Earn (@Learn2Earnify) February 14, 2024

Users who participate in the Learn and Earn campaign will be incentivized and receive $1.2 million in rewards.

Bonk price bullish – trading within the upper boundary of the bullish pennant

Bonk price chart analysis Source: Tradingview.com — BONKUSD Chart Analysis Source: Tradingview.com

Bonk price plunged this week, overcoming the $0.000026 resistance level and rebounding through the markup phase, showing great potential. The bulls continue to show resilience as BONK trades within the bullish pennant range to break the upper boundary of the pennant.

BONK is currently trading above the 50-day and 200-day simple moving average (SMA), confirming continued price growth.

Additionally, the Relative Strength Index (RSI) is currently trading within overbought territory at 77, confirming the current investor optimism.

Main course

Moreover, the Moving Average Convergence Divergence (MACD) is also bullish because the moving average line (blue) crosses the signal line (orange), indicating a bullish crossover. A bullish crossover encourages bulls to take more long positions, which can still push the price higher.

The green bar in the histogram extends above the zero line, indicating positive momentum. Additionally, the Stochastic Oscillator 14 3 3 line (green) crosses above the trigger line (orange), confirming a bullish moving average crossover. The Stochastic Oscillator has also crossed level 80 and is currently at 99, indicating that BONK is overbought and in a very strong bullish trend.

Bonk Price Prediction

Bonk price is currently trading near the psychological barrier of $0.000035. BONK’s analysis of the current 4-hour chart shows that the bulls are ready to use this level to push the price higher, aiming to break the upper limit of the pennant.

Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.0000119. Bulls can take advantage of this and push the price higher, targeting $0.000045.

However, the Stochastic Oscillator and RSI are currently trading above overbought territory, indicating that a price correction could be imminent. In such a scenario, bears could take charge of the price and the price could move back slightly towards the $0.000022 support area.

As BONK bulls aim for a new ATH, investors are diversifying into another Solana-based meme coin that analysts say has the potential to surge 100x upon launch.

$Smog Pumps Massive 100x Opportunities – Best Cryptocurrency to Buy Now

After debut, smog token He continued to captivate the audience with his outstanding performances. Smog aims to dominate Solana-based meme coins, including BONK, MYRO, and WIF, and uses the slogan “One meme coin rules them all.”

one #memecoin To rule them all! 🚀
Get ready for the best moment #airdrop Distributed in History #Solana. 💰
join #smog From Jilly! 🔥
Profile link 🔗 pic.twitter.com/vsn4p5cSF4
— Smog (@SMOGToken) February 8, 2024

The project is generating a lot of buzz because it is planning a large-scale airdrop, advertised as ‘the largest in history’. The team has already allocated 35% of the 1.4 billion token supply for the airdrop.

SMOG price chart. Source: dexscreener.com

Since its launch, $SMOG has experienced a significant rebound, reaching a new all-time high of $0.12 before settling back slightly to its current price of $0.10. The market capitalization soared to $92 million. With over 40,000 $SMOG holders and growing, this trend suggests the potential for more explosive price growth in the future.

Buy $SMOG for our next big sweepstakes and get 42% annual rewards

To receive the Smog Airdrop, simply Buy and hold Smog tokens In your wallet. Another way to qualify is by completing various tasks managed by Zealy and collecting airdrop points. There are already over 800,000 completed quests on the platform.

The project is also airdropping $1,500 worth of $SMOG through daily airdrop distribution to BONK, WIF, and MYRO holders.

You also have the opportunity to earn passively through the platform’s staking option, earning a 42% Annual Percentage Yield (APY).

Jacob Bury, a cryptocurrency analyst and YouTuber with over 30,000 subscribers, believes Smog has the potential to surge 100x.

You can purchase SMOG tokens. official website To qualify for the historic airdrop, purchase and stake $Smog and you will also receive a 10% discount.