Altcoin News
BONK Price Drops 17%—Is This Newcomer the Next Big Profit Maker?
Published
3 weeks agoon
By
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While the global cryptocurrency market rebounds from a recent decline, as the market cap rises by almost 2%, Bonk (BONK), the pioneering dog-themed coin on the Solana blockchain, has experienced a notable price decrease. As of January 29, 2025, BONK is priced at $0.00002531, reflecting a drop of 17.60% in the last week.
This drop follows BONK hitting its peak of $0.00005916 on November 20, 2024, prior to a pullback of 57.21%. As the meme coin faces a significant drop, Nebula Stride (NST), a new player concentrating on tokenizing real-world assets, is attracting attention as a possible profit generator.
BONK Price: Market performance
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Despite recording nearly 17% and 14% in losses, over the past week and month respectively, BONK’s price has experienced substantial growth. Launched on December 25, 2022, under the motto “for the people, by the people,” BONK sought to restore liquidity to decentralized exchanges (DEXs) based on Solana.
Fifty trillion coins, representing half of its total supply, were airdropped to the Solana community, which included NFT creators, developers, and artists, to promote a community-focused ecosystem.
This effort not only increased the SOL token’s price by 34% within 48 hours of its launch, but also led to BONK’s trading volume skyrocketing to around $20 million on Orca, a DEX based on Solana.
Since being listed on major exchanges on December 30, 2022, BONK has witnessed an astounding increase of more than 20,000%. This positrioned it as one of the best meme coins to invest, based on return percentages for 2023.
Is BONK Price Bullish Reversal on the Horizon?
Despite this recent downturn, BONK continues to engage its communit. With over 350 onchain integrations, it has recently concluded its “Year of The BONKdragon” event. Rewards from this event will be claimable from February 4th to February 18th, 2025, potentially benefiting all BONK holders.
Moreover, technical analysis from market observers like @TheEuroSniper suggests a potential price reversal as the top dog-themed meme coin approaches a significant demand zone following a treble drive pattern, hinting at a possible bullish future.
Looking for this on $BONK
Treble drive into weekly demand! pic.twitter.com/iA7iqMHiW9
— €uroSniper (@TheEuroSniper) January 29, 2025
Nebula Stride (NST): The New Contender
In the midst of BONK price fluctuations, another digital currency, Nebula Stride (NST), is attracting investor interest. NST is establishing its presence as one of top RWA tokens, by prioritizing user-friendly infrastructure that links the cryptocurrency domain with tangible economic assets.
By facilitating fractional ownership of physical assets, NST expands a multi-trillion-dollar market to a wider audience. This was once available solely to the affluent. This real-world asset (RWA) strategy might result in notable price increases. It might also help increase adoption, establishing NST as a likely front-runner in the sector.
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NST is currently trading at $0.02. Analysts are suggesting high potential returns as the platform expands and the concept of tokenization gains momentum. The token offers a low entry barrier, making it attractive as an early-stage cryptocurrency for both institutional funds and individual investors. It is appealing to those interested in diversifying into tangible assets supported by a comprehensive ecosystem in the RWA sector.
Final Thoughts: BONK vs NST as Two Diverging Paths in the Evolving Crypto Market
As the crypto market continues to evolve, the contrast between BONK’s community-driven meme coin approach and NST’s focus on real-world asset integration presents two different visions for the future of digital currencies. While BONK price navigates through correction, NST comes in the limelight. NST’s innovative model might indeed make it the next big profit maker in the cryptocurrency landscape. Investors are watching closely as both tokens navigate their respective paths in this dynamic market.
Jane Lubale
With over four years of experience in the cryptocurrency, Fintech, blockchain, and Web3 industries, I bring a wealth of knowledge and expertise to every piece I write. Backed by a Masters in Business Administration, my writing combines insightful analysis with a deep understanding of market trends, technological advancements, and regulatory landscapes. Whether crafting engaging articles, informative guides, or thought-provoking analyses, I strive to deliver content that informs, educates, and inspires readers in this rapidly evolving space.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Analyst Identifies Key Support For Cardano Price Bullish Momentum
Published
21 hours agoon
February 22, 2025By
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Crypto analyst Ali Martinez has noted key support levels for Cardano (ADA) price between $0.67 and $0.80. He emphasized their role in sustaining the current bullish trend. According to Martinez’s analysis, these levels have historically acted as both resistance and support for the altcoin. The repeated interaction with this range indicates its significance in determining ADA price direction.
Key Support Levels for Cardano Price Stability
In a post on X, Ali Martinez highlighted that Cardano price has repeatedly tested the $0.67–$0.80 range. This zone has provided stability for ADA, preventing further declines and acting as a foundation for bullish movements.
Historical price movements suggest that this support area has been critical during both uptrends and corrections. The ability of ADA to hold above this range signals strong buying interest.
Recent market data indicates that ADA remains within this support range, maintaining its position despite market fluctuations. If buying pressure persists, Cardano price could establish a stronger footing and attempt an upward breakout.
Meanwhile, Grok 3 AI highlighted Cardano’s strong decentralization as a driving force behind its potential rally to $5-$6 in this bull cycle. If Cardano price can break key resistance levels, it may gain the bullish momentum needed to reach these ambitious price targets.
Technical Indicators Suggest Growing Buying Pressure
Cardano price is about to cross the 20-day Exponential Moving Average, a significant indicator for short-term trend identification. The 20 EMA acts as a support level and a breakout above it may indicate a rally for the altcoin.
Supporting the bullish sentiments, the 1-day Moving Average Convergence Divergence indicates Cardano price is holding above key support levels, providing a foundation for a altcoin rally.
More so, the MACD line is above the signal line, signaling a bullish crossover. If ADA maintains its position above $0.75 and builds on this momentum, it will break the $0.80 resistance and push higher in the short term.
Furthermore, there is the Parabolic Stop and Reverse (SAR) indicator whose dotted lines are placed below Cardano price, which is common in an upward trend. This suggests that ADA price has found a strong support base, further reinforcing the likelihood of an upward move.
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ADA Price To $1?
If Cardano price remains above the key support range of $0.67–$0.80 and manages to break above resistance levels, analysts project a potential rally toward $0.94. A successful test of this price point could pave the way for ADA to revisit the $1 mark.
Conversely, if ADA fails to sustain support above $0.67, selling pressure could increase, driving the price lower. In such a scenario, the next key support level would be around $0.54, where buyers might re-enter the market.
Moreover, another analyst shared the bullish sentiments, emphasizing that ADA price movements suggest a potential breakout. The expert highlighted that if Cardano surpasses the critical resistance at $0.9837, it could pave the way for a rally toward $1.35.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Pi Coin Price Crashes 50%, What Shall Investors Do Next?
Published
2 days agoon
February 21, 2025By
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All the excitement around the Pi mainnet launch has faded within 24 hours of launch as the Pi Coin sees strong selling pressure with its price crashing more than 50% from the peak of $2 yesterday. The selling pressure comes with huge trading activity as daily trading volumes surge to more than $1.2 billion.
Pi Coin Sees Major Pump and Dump
Pi Coin, the native cryptocurrency of the Pi Network faces a major pump-and-dump as it currently trades around $0.70 falling more than 65% from its peak of $2.0 Investors’ euphoria surrounding the mainnet launch seems to be waning fast.
Even as of the current price of $0.70, the Pi Network pegs a market cap of $4.45 billion. With more than 10 million users, the Pi Network has achieved significant market following. following the mainnet launch, a total of 1 billion from the total 9.7 billion PI tokens are available initially. The remaining tokens will be locked in user wallets and unlocked over a period of time.
Although some market analysts have turned bullish, investors should be careful while taking fresh bets and look for any potential signs of trend reversal.
Will Binance and Coinbase Listing lead to Trend Reversal?
Despite the current Pi Coin price fall, the optimism surrounding the recovery remains high. Some market analysts believe that this would not be the right time to sell at the bottom considering that the daily trading volumes have remained robust at more than $1.2 billion.
Some of the global crypto exchanges like OKX and CoinDCX have already extended support to Pi coin. Furthermore, the industry has been pushing to bring the Pi Network’s native crypto token to top exchanges like Binance and Coinbase.
Binance and Coinbase, being among the largest cryptocurrency exchanges globally, offer access to a vast user base and high trading volumes. This increased liquidity can make Pi Coin more attractive to traders and investors. Besides, it will further boost the credibility of the crypto asset among retail investors.
$PI network chart dosen’t look bad at all
are you selling the bottom?
Almost 1B volume in 8 hours, and pi is listed on only few CEX, when #Binance and other top CEX come real fun will start, buy the dip and hold #Picoin #PiNetwork #Crypto #Trump pic.twitter.com/i8rlk3k4ll
— GEM HUNTER
(@TrueGemHunter) February 20, 2025
Pi Community Shows Discontent
Following the massive pump and dump, there’s a major discontent among the Pi community. Notably, crypto commentator Wood LightYear expressed frustration over a specific narrative surrounding the Pi Network mainnet launch. In a statement shared on social media, LightYear said:
“The only narrative I really hated about yesterday’s listing of Pi was that of people having cheap access to accumulate what we paid for with our time, for many years.”
The sentiment highlights concerns among long-term supporters of the Pi Network, who believe the listing undermines the project’s core narrative of valuing time and attention
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Binance To Delist These Token Pairs Soon, Prices At Risk?
Published
3 days agoon
February 20, 2025By
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Binance has sparked bearish investor concerns despite a broader crypto market recovery trend on Thursday as it unveiled plans to delist certain token trading pairs ahead. In an official announcement on February 20, the crypto exchange giant revealed that it is delisting specific ALGO and ATOM pairs, posing a risk factor to the asset prices. Market watchers remain cautious about what lies ahead for these coins as the latest decision by the exchange comes as a setback presenting reduced market visibility and thus, diminished investor interest.
Binance To Delist These Specific Trading Pairs Ahead
According to an official Binance announcement, the crypto exchange will remove five ‘Dual Investment’ token pairs for ALGO and ATOM on February 21 at 06:00 UTC.
Here Are The Token Pairs To Be Delisted:
- ALGO/USDT
- ALGO/USDC
- ATOM/USDT
- ATOM/FDUSD
- ATOM/USDC
Why Is Binance Delisting These Pairs?
Per the official announcement, this mover by the exchange comes to enhance the liquidity and services for its colossal user base. Following a thorough and regular review process of ‘Dual Investment’ token pairs, the crypto exchange giant decided to delist the abovementioned pairs.
More About The Delisting Process
Also, Binance added that users will no longer be able to subscribe to these pairs after the removal. The existing subscriptions are to remain unharmed and a settlement is to be conducted upon expiration.
Altogether, the delisting by one of the top crypto exchanges set off investor concerns, projecting a gloomy outlook for the assets due to reduced offerings in the market. For context, the tokens could witness diminished money inflow into their ecosystems amid not-so-diverse trade offerings for the assets in the market.
Past Chronicles Solidify Investor Concerns
CoinGape previously reported that Binance announced the removal of certain DOGS, FET, NOT, & NEIRO pairs recently. As a result, these coins have defied the broader market uptrend today, encountering volatility.
Also, the tokens AMB, VITE, STMX, and CLV witnessed a price crash with their delisting on the same exchange. In the wake of these volatile actions, investors remain apprehensive about ALGO and ATOM price actions ahead.
ALGO price also faced turbulence, exchanging hands at $0.2630, up nearly 1% intraday. The coin’s 24-hour low and high were $0.2568 and $0.269, respectively. ATOM price jumped by 3% intraday and closed at $4.78. The coin hit a bottom and peak of $4.61 and $4.87, respectively.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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