Bonk Plunges 10% in 24 Hours
The Bonk price has dropped 10% in the last 24 hours to a trade for $0.00001239 at 12:40 a.m. EST. The trading volume has also decreased by 45%.
Bonk is a Nice Short
Perpetual traders are taking advantage of the slump in Bonk and shorting it. One trader, Shubidubby, says, “Bonk is a nice short” but advises investors to be cautious and “not to exceed 5x leverage.”
Bonk Price Prediction
On the daily timeframe, the BONK price is confronting the 50-day Simple Moving Average (SMA) as it tries to reclaim above the ascending trendline. Enhanced buyer momentum above this level could send the BONK price to $0.00002166 or higher, extending to as much as $0.00003500.
Promising Alternative To Bonk
Smog, a new peer of the Solana ecosystem, is drawing attention. It’s expected to have the greatest Solana airdrop ever and is trending because of the Chinese Lunar New Year of the Dragon.
Chinese New Year Of The Dragon Bodes Well For Smog
As Smog’s dragon theme appeals to investors celebrating the Chinese New Year of the Dragon, it’s likely to benefit. The community is quickly expanding, and investors are anticipating a significant increase in value once it is launched.
Chinese New Year Of The Dragon Bodes Well For Smog
As Smog’s dragon theme appeals to investors celebrating the Chinese New Year of the Dragon, it’s likely to benefit. The community is quickly expanding, and investors are anticipating a significant increase in value once it is launched.
Hot Take
With the Chinese New Year celebrations and the promising future of Smog, it’s a good time to look into this new peer of the Solana ecosystem and the potential returns it offers.
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