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The Bonk price rose 22% in the last 24 hours until trade at $0.00000792 at 8:50 a.m. EST, while its trading volume saw a 14% drop to $81 million.
Bonk's price has soared 952% in the past month, a rally attributed to an influx of capital into the Solana blockchain and a growing appetite for riskier investments in tokens associated with the network.
Bonk is now the third largest token within the dog-themed category, behind only Dogecoin (DOGE) and Shiba Inu (SHIB).
With a market capitalization of $481 million, Bonk has surpassed Floki's (FLOKI) $400 million and BabyDogeCoin's $350 million.
Bonk price aims for a new high
Bonk Price Prediction
BONK price is showing a bullish technical trend, characterized by buyer consolidation around the $0.0000003434 support zone and a successful breakout of the February high at the $0.000005625 resistance.
This resistance indicates the potential for a sustained uptrend, generating momentum towards $0.00001077.
BONK maintains its position above the 200-day and 50-day SMA, affirming the bullish outlook and serving as immediate support levels. The crossover at $0.0000004380 underlines the current prevalence of bullish sentiment.
The Relative Strength Index (RSI) has crossed the overbought threshold at 70 and is trading at 81, indicating intense buying pressure.
The target of $0.00001077 as next resistance reflects a potential upside of 32% from the current price.
However, a possible stoppage by the bears during the bullish rally could trigger a bearish reversal, leading to a corrective move towards the $0.000005625 support zone.
Investors looking to diversify across altcoins with huge upside potential could also explore bitcoin Minetrix.
bitcoin Minetrix raises $4.9 million and raises price in 12 hours
bitcoin Minetrix (BTCMTX) is moving away from the conventional approach to bitcoin mining, which requires expensive equipment, by allowing the average individual to mine btc without the burden of expensive tools and the risk of falling victim to third-party scams.
Discovering btc?src=hash&ref_src=twsrc%5Etfw”>#btc Cloud mining
Discovering the process of bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mining less the burden of ownership or maintenance of the equipment.
No initial hardware costs.
All you need are basic skills.#CloudMining #bitcoin Mining pic.twitter.com/Arqhnr1gMx—Bitcoinminetrix (@bitcoinminetrix) December 5, 2023
In the current pre-sale phase, bitcoin Minetrix has already raised an impressive sum of funding exceeding $4.9 million, with a target of $5.4 million. This positive investor sentiment reflects the token's post-launch potential, especially with rising bitcoin prices.
#BitcoinMinetrix Stage 11 will end in just 1 day!
As you see #blockchain Will it affect data security in the next 5 years? #Data Protection #BlockchainFuture pic.twitter.com/Ao30t6hdJ5
—Bitcoinminetrix (@bitcoinminetrix) December 6, 2023
Investors can currently acquire BTCMTX tokens at the discount rate of $0.012 per token. But this price will increase in about 12 hours as the pre-sale moves to the next stage. Therefore, it is advisable to buy the tokens at the current lowest price.
Earn BTCMTX rewards, earn passive income
BTCMTX holders also have the opportunity to earn instant rewards and generate passive income. The project is currently hosting a $30,000 mine giveaway, where 10 participants can win $3,000 in BTCMTX each.
Additionally, investors can earn passive income through staking your BTCMTX tokens, ensuring a generous annual percentage yield (APY) of 121%. It is worth noting that the APY will gradually decrease as more people participate in betting.
Recently, BTCMTX gained recognition as one of the top cryptocurrencies to buy this December, according to Jacob Bury, a popular cryptocurrency analyst and YouTuber. In his video he offers a brief explanation of the mechanism of the project.
You can buy BTCMTX tokens using eth, BNB, USDT or MATIC on the official bitcoin Minetrix website or buy them directly using your bank card.
Related news
- Audited by Coinsult
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- Staking Rewards: Over 100% APY
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