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Bonk (BONK)

BONK Price Prediction Signals 55% Rally By July End, But There’s a Twist

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4 months ago

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The BONK price prediction in the daily chart shows a 4-day rally amid the current market recovery. From the $0.000022 low, the Meme coin jumped 28% to trade at $0.000028, while the market cap reached $1.94 Billion. This bullish upswing recently breached the immediate monthly resistance of $0.000027 along with the formation of a bullish reversal pattern. Time to go long?

BONK Price Prediction: Mt. Gox Sale Impact Overstated

BINANCE:BONKUSDT Chart BINANCE:BONKUSDT Chart
BONK Price Prediction| Tradingview

Following the recent market correction, the BONK price developed from a local bottom at $0.00018. The horizontal floor coincided closely with the support trendline of the rising wedge pattern creating a strong accumulation for buyers.

A bullish turnaround has uplifted the asset 56% within a fortnight to trade at $0.000028. Amid this upswing, the BONK price gave a decisive breakout from the double-bottom reversal pattern. 

Ki Young Ju, CEO of CryptoQuant, has highlighted the fear, uncertainty, and doubt (FUD) surrounding the potential sale of Mt. Gox’s Bitcoin is largely overblown. In a recent tweet, he pointed out that the growth of Bitcoin’s market cap has significantly outpaced its realized cap growth, indicating strong demand in the market.

Since 2023, a staggering $224 billion worth of Bitcoin has been sold, yet the price has surged by 350%. Ju noted that even if the $3 billion worth of Bitcoin held by Mt. Gox were sold on Kraken, it would represent just 1% of the realized cap increase in the current bull cycle. This minimal impact underscores the manageable liquidity in the market.

Amid prospects of an extended market recovery, BONK price prediction suggests a potential 55% rally before encountering significant resistance within a rising wedge pattern. As long as the converging trend lines hold, this Solana-based memecoin may continue to experience a consolidation phase.

If the overhead trendline persists, the BONK price may enter another fresh correction.

Technical Indicator:

  • Exponential Moving Average: The coin price back above the daily Exponential Moving Average (20, 50, 100, and 200) indicates the path to least resistance is up.
  • RSI: The daily Relative Strength Index slope back above 60% indicates the memecoin entering a high momentum rally.

Frequently Asked Questions (FAQs)

A double-bottom reversal pattern is a bullish chart formation that appears after a downtrend

Market cap, or market capitalization, is the total value of a cryptocurrency’s circulating supply multiplied by its current price.

EMA stands for Exponential Moving Average. It is a type of moving average that gives more weight to recent prices, making it more responsive to new information.

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Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

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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Bonk (BONK)

3 Solana Coins To Turn Portfolio of $100K to $1M By December 2024

Published

3 weeks ago

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October 17, 2024

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The cryptocurrency world is buzzing with high hopes as certain Solana coins show great potential for massive gains. Investors aiming for substantial returns see opportunities to grow a $100,000 investment into $1 million by December 2024. 

The crypto market trades sideways as Solana’s price remains firm, hovering around $152. Bitcoin is steady above $67,000, while Ethereum trades near $2,600. 

3 Solana Coins Poised to Turn $100K Into $1M

Bonk (BONK)

Bonk (BONK), a Solana-based meme coin, has attracted attention by distributing half of its tokens to Solana users. Over the past year, BONK’s price surged 11,857%, sparking predictions that it could turn a $100,000 investment into $1 million by December 2024. 

Currently, the value of BONK is at $0.00002291, with a slight 3% dip, but it still shows a 40% increase over the past month, indicating potential for further growth.

Crypto analyst has highlighted a potential breakout for Bonk, predicting a surge of 180% soon. According to the chart shared by the analyst, BONK is forming a bullish pattern, indicating a strong upward trend.

3 Solana Coins To Turn Portfolio of $100K to $1M By December 20243 Solana Coins To Turn Portfolio of $100K to $1M By December 2024
Source- X

​​Dogwifhat (WIF)

Dogwifhat (WIF), a meme coin in the Solana ecosystem, has gained attention for its impressive growth. Since its launch, WIF has skyrocketed over 1,429%, positioning itself as a potential game-changer. 

This rapid surge suggests a $100,000 investment could turn into $1 million by December 2024. Despite a minor 0.16% drop, WIF’s current price is $2.58, showcasing its growing influence and popularity within the crypto community.

According to the santiment data, the percentage of stablecoin supply held by whales, with more than $5 million, has seen a notable increase. As these large holders gain more control over the supply, analysts closely monitor the potential effects on liquidity and volatility. This trend could be crucial in shaping the next phase of market growth and price behavior.

3 Solana Coins To Turn Portfolio of $100K to $1M By December 20243 Solana Coins To Turn Portfolio of $100K to $1M By December 2024
Source- Santiment

Popcat (POPCAT)

Popcat (POPCAT), a cryptocurrency on the SOL blockchain, has experienced a remarkable surge, rising by 7935% recently. This increase has positioned POPCAT as a strong contender for significant portfolio gains, with a $100,000 investment potentially reaching $1 million by December 2024. 

The current price of the Cat themed-based coin is $1.34, reflecting its ongoing bullish trend. If POPCAT surpasses its current resistance levels, it may soon climb to $2. The cryptocurrency’s upward trend mirrors broader market movements, indicating a strong potential for continued growth. 

3 Solana Coins To Turn Portfolio of $100K to $1M By December 20243 Solana Coins To Turn Portfolio of $100K to $1M By December 2024
POPCAT price chart| Source: TradingView

With the current market trends, three Solana coins could turn a $100,000 portfolio into $1 million by the end of 2024. While the market remains volatile, the potential upside in Solana-based projects makes them attractive for investors looking to maximize returns in the next year.

Frequently Asked Questions (FAQs)

Bonk (BONK), Dogwifhat (WIF), and Popcat (POPCAT) show strong growth potential.

These coins could potentially turn $100K into $1M by 2024.

Market sentiment, broader crypto trends, and Solana ecosystem developments impact prices.

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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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