BONK💵
127,325 views
155 Discussing
Hot
Latest
See original
Bonk Price Prediction as BONK Jumps 50% in 24 Hours – $1 BONK In?
BONK may be the third-largest meme coin by market cap, but two meme coins with lower market caps posted higher rallies: Dogwifhat (WIF) jumped 137% to $0.8074, while PEPE mushroomed 147.0% to $0.0 5 2897 .
A quick look at the BONK chart shows that the current rally may lose steam quite quickly. On the 5-day analysis, the cup-and-handle pattern has stopped appearing on the BONK candle, indicating the bullish cycle may be winding down.
However, zooming out to three months, the candles suggest BONK may have just re-entered a comfortable support level.
There is still potential for further price increases through the Bitcoin halving narrative.
In mid-April, the new supply of Bitcoin will halve in a quadrennial event known as a “halving” that analysts say historically leads to reduced supply and higher prices.
As Bitcoin strengthens, you can be sure that most, if not all, of the other leading coins are not left behind either.
#BONK #BONK💵 #Bonk $BONK
BONK may be the third-largest meme coin by market cap, but two meme coins with lower market caps posted higher rallies: Dogwifhat (WIF) jumped 137% to $0.8074, while PEPE mushroomed 147.0% to $0.0 5 2897 .
A quick look at the BONK chart shows that the current rally may lose steam quite quickly. On the 5-day analysis, the cup-and-handle pattern has stopped appearing on the BONK candle, indicating the bullish cycle may be winding down.
However, zooming out to three months, the candles suggest BONK may have just re-entered a comfortable support level.
There is still potential for further price increases through the Bitcoin halving narrative.
In mid-April, the new supply of Bitcoin will halve in a quadrennial event known as a “halving” that analysts say historically leads to reduced supply and higher prices.
As Bitcoin strengthens, you can be sure that most, if not all, of the other leading coins are not left behind either.
#BONK #BONK💵 #Bonk $BONK
See original
Current Bonk Price
Bonk is currently priced at $0.00003313 (BONK/USD) with a live market cap of 2.1B. Its 24-hour trading volume was 0.9B USD which is equivalent to positive %37.11181. With a circulating supply of 65.4T, Bonk's price movement is currently positive.
Bonk Fundamental Analysis
Fundamental analysis aims to measure the inherent value of an asset. Meanwhile, technical analysis involves examining statistical patterns in the price and volume of that asset. These two techniques are used to analyze and predict potential developments in the price of the asset in the future. In the case of BONK, the simplest way to perform fundamental analysis is to observe its supply and demand dynamics. In addition, one can also observe the total market capitalization (2.1B) and circulating supply (65.4T) to arrive at reasonable future price assumptions. Then, in the case of requests, you can observe on-chain data regarding the number of active addresses, new addresses and number of transactions.
What drives Bonk prices?
There are a number of variables in the cryptocurrency market that can drive the price of Bonk up or down. The main driver behind Bonk's asset value is market supply and demand. The increase or decrease in demand for BONK is very dependent on the growth of adoption.
Additionally, significant events, such as protocol updates or hard forks, can also play a significant role in Bonk's price.
Next, the main factor that needs to be considered is whale activity. Large holders of Bonk can greatly influence the price, as one large sell order can lower the price significantly. In addition, do not underestimate the power of the adoption of large institutions and political regulations on Bonk values.
Summary
It is important to note that some price predictions can appear contradictory. There is no truly clear method for determining the future value of any cryptocurrency. This is because many factors are involved in price prediction.
#BONK #BONK💵 #BONK. $BONK
Bonk is currently priced at $0.00003313 (BONK/USD) with a live market cap of 2.1B. Its 24-hour trading volume was 0.9B USD which is equivalent to positive %37.11181. With a circulating supply of 65.4T, Bonk's price movement is currently positive.
Bonk Fundamental Analysis
Fundamental analysis aims to measure the inherent value of an asset. Meanwhile, technical analysis involves examining statistical patterns in the price and volume of that asset. These two techniques are used to analyze and predict potential developments in the price of the asset in the future. In the case of BONK, the simplest way to perform fundamental analysis is to observe its supply and demand dynamics. In addition, one can also observe the total market capitalization (2.1B) and circulating supply (65.4T) to arrive at reasonable future price assumptions. Then, in the case of requests, you can observe on-chain data regarding the number of active addresses, new addresses and number of transactions.
What drives Bonk prices?
There are a number of variables in the cryptocurrency market that can drive the price of Bonk up or down. The main driver behind Bonk's asset value is market supply and demand. The increase or decrease in demand for BONK is very dependent on the growth of adoption.
Additionally, significant events, such as protocol updates or hard forks, can also play a significant role in Bonk's price.
Next, the main factor that needs to be considered is whale activity. Large holders of Bonk can greatly influence the price, as one large sell order can lower the price significantly. In addition, do not underestimate the power of the adoption of large institutions and political regulations on Bonk values.
Summary
It is important to note that some price predictions can appear contradictory. There is no truly clear method for determining the future value of any cryptocurrency. This is because many factors are involved in price prediction.
#BONK #BONK💵 #BONK. $BONK
See original
The significant development made the coin $BONK have to be BURNED and resulted in a significant decline, Is now the time to buy $BONK the graph shows signs of an increase:
#BONK❓ #BONK💵 #memecoin🚀🚀🚀 #BTC🌪️
#BONK❓ #BONK💵 #memecoin🚀🚀🚀 #BTC🌪️
Login to explore more contents