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While technical indicators suggested a bearish trend, the price movement hinted at a potential reversal, possibly occurring soon. Traders might need to consider using wider stop-losses due to the potential for a liquidity hunt.
BONK's rising OBV and OI suggests that the meme coin could rebound to the range highs.
Introduced on January 13, the Solana-based meme coin Honk entered the scene, sparking a rivalry with Bonk, another Solana meme coin. Honk's project is straightforward: to surpass Bonk in both market capitalization and price.
Considering you do not live under a rock, the stars are aligning for the crypto bulls in 2024, from the fourth Bitcoin halving coming this year to the Bitcoin ETFs getting approval. The potential altcoin season seems just around the corner. Amidst the upcoming altcoin season, the most significant altcoins are sure to perform.
The memecoins had successfully concluded the previous year on a strong bullish sentiment, highlighting a rise in the investor's interest in them. However, this year has started on a bearish note as the memecoin category has displayed significant correction in their respective valuation.
Solana-based goose-themed meme coin Honk debuted on January 13, starting a rivalry with Solana meme coin Bonk. Honk meme coin project states it has only one goal to flip Bonk in market cap and price.
How will Shiba Inu (SHIB) price react as media attention switches towards Solana's BONK memetoken and the upcoming Jupiter (JUP) airdrop?
Despite market fluctuations, the appeal of meme coins is steadily increasing, attracting more investors.
The weekend has started with a bearish mood on the cryptocurrency market. However, there are some exceptions.
Are you on the lookout for the next big thing in the cryptocurrency world? As an investor navigating the dynamic crypto landscape, it's essential to identify memecoins that have the potential for bull market success.
The BONK meme coin emerged as a whimsical attempt to inject vitality into the Solana ecosystem following the turmoil caused by FTXs struggles in late 2022. Fast forward one year and both entities have experienced significant growth, transforming BONK into an unexpected player: an investor in a venture fund.
Meme token group Bonk DAO made a groundbreaking $500,000 venture capital investment into a Solana startup fund organized by web3 hackathon platform Colosseum.
Bonk DAO, a council overseeing a significant portfolio of $124 million in BONK tokens, has announced its intention to invest $500,000 from its treasury into an early-stage startup fund. The fund is dedicated to supporting projects developed on the Solana blockchain.
BONK DAO is writing a $500,000 check for the venture fund of Colosseum, Solana's new hackathon organizer.
BONK continues to face the heat as its price declines by large amounts.
Additionally, the price of BONK has dropped by more than 7% in the last day and has fallen around 23% over the past month. BONK Price Movement: A Rollercoaster Ride The month began positively for the BONK price, but increased market volatility swiftly changed sentiments, leading to a sharp downturn.
Despite the increased market volatility, the memecoins continue to display bearish sentiment, highlighting a rise in the disinterest of the investors in it. Further, the BONK price has lost over 7% within the past day and has lost approximately 23% over this month.
Despite a material price surge, BONK's market sentiment remains pessimistic.
Meme coin BONK is up 3.9% in the past seven days and 1,011% in the past 12 months. In recent months, the Solana-based altcoin was traded more heavily than (Shiba Inu) SHIB and (Dogecoin) DOGE.
Bonk and MEME AI emerge as notable meme coins that have recently gained popularity within the market. They exhibit distinct characteristics and advantages that may appeal to investors and traders.
January began with enthusiasm as the price of BTC neared $49,000. Many altcoins reached new highs throughout the past year, often experiencing double-digit daily gains.
The Solana-based meme coin, Bonk (BONK), has overtaken Ethereum's Shiba Inu (SHIB) in 24-hour trading volume. BONK might be gearing up for a comeback after plunging from its December peak.
Investors are considering their stance on the crypto market going into the weekend after a bullish wave triggered modest increases across the board on Friday. Bitcoin price settled above $41,000 up 5.5% in 24 hours while Ethereum ticked up by 4% to $2,277, CoinGecko revealed.
The crypto market flushed green again on Friday, with Bitcoin price ticking above $41,000. Altcoins recovered subsequently with some like Bonk gaining in double-digits to $0.00001187.
