The price of Bonk has surged over 90% in the past 24 hours, reaching $0.00002828. The surge is attributed to a FOMO frenzy surrounding the dog-inspired altcoin.
New Airdrop Linked To The Solana Phone Is Worth More Than The Phone
The Solana phone, initially lacking interest, is now becoming a sellout due to the allure of a 30 million BONK airdrop. The airdrop is available to every owner of the Saga phone. This means that with the current Bonk price, the airdrop is worth around $700, surpassing the phone’s cost of $599.
Saga phone sales have increased more than 10 times in the past 48 hours and are expected to sell out before the new year, according to Solana co-founder Raj Gokal.
The Bonk Price Is At A Critical Juncture
The Bonk price must overcome a significant obstacle in the next 48 hours to sustain its rally. The altcoin attempted to break out above an ascending price channel but was rejected by the upper level of the channel.
If the Bonk price manages to close above the upper barrier of the channel at $0.0000346810, it will have a clear path for further climb. However, failure to close above this threshold could result in a temporary pullback to the support level at $0.0000149068.
Bonk Price: Technicals Show Bullish Momentum
Technical indicators for BONK suggest bullish momentum. The MACD and RSI indicate a positive trend, though the RSI also suggests the meme coin is overbought. Meanwhile, Meme Kombat’s presale is close to selling out, with a large wallet buying $200K worth of MK tokens.
Whale Nudges This Presale Closer To Its Fundraising Target
Meme Kombat has raised over $3.475 million in its presale after a large wallet bought $200K worth of MK tokens. This purchase brings the presale close to selling out. With an attractive staking program and game platform, Meme Kombat has the potential to generate significant returns for early investors.
Meme Kombat Could 10X Soon
Analysts speculate that Meme Kombat could provide 10X returns for early-stage investors. With a token supply of 120 million and attractive rewards for early investors, Meme Kombat may become the next top meme-inspired project.
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Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.