BONK, a meme coin, has seen a surge in trading volume to $900M, indicating possible whale activity. Despite a temporary pullback, the price has fallen by 5.64% in the past 24 hours, currently at $0.000033. However, the coin has shown an overall increase of 35.43% in the past week and an impressive return of 7,990.65% in the last year. This growth surpasses major tokens like BTC, ETH, and SOL, suggesting significant interest from investors. With a 24-hour trading volume of $902.9 million, BONK’s short-term momentum could indicate a potential rebound.
The BONK price prediction points to a possible price bounce as the relative strength index of the coin has fallen, indicating oversold conditions. Other indicators, such as a positive trendline and moving averages, support the view that the recent retracement is temporary. With the coin’s trading volume increasing by 33% in the past week, there is speculation about large hands entering the market. Market catalysts like the return of Roaring Kitty and the approval of US Ethereum Spot ETFs could further boost BONK’s price, potentially reaching $0.000040 in the summer.
As BONK has already achieved a $1.7B market cap, traders are looking for alternative meme coins with potential for big rallies. Dogeverse, a Shiba Inu-inspired Solana meme coin, has gained attention for its cross-chain capabilities and 100x potential. Built on a multichain network spanning various platforms, such as Ethereum, BNB Chain, and Solana, Dogeverse has raised over $15 million in its presale. Investors can stake DOGEVERSE tokens on Ethereum to earn passive income, making it a promising passive income opportunity. Currently priced at $0.00031, DOGEVERSE is set to launch soon, with potential for significant price growth once it hits the open market.
Overall, BONK’s recent trading volume surge and price predictions suggest that the meme coin could experience a price rebound in the near future. With market catalysts and increasing investor interest, there is potential for further gains in the coming months. Additionally, alternative meme coins like Dogeverse present opportunities for traders to capitalize on the growing trend of meme coins in the crypto market. As always, investors should be cautious and conduct thorough research before investing in high-risk assets like meme coins.
