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Bonk Price Rises as Meme Coin Market Rebounds, Meme Kombat Also Backed to Pump

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The meme coin market is showing signs of recovery after two brutal weeks, with Bonk (BONK) rising over 9% in the past 24 hours.

Several other major meme coins, like Dogecoin (DOGE) and Shiba Inu (SHIB), have also rebounded as the overall crypto market shows signs of life.

As interest returns to the meme coin sector, another new project being backed for growth is Meme Kombat (MK), which is in the midst of a highly successful presale phase.

BONK Price Bounces Back as Buyers Eye Further Gains

BONK is now hovering around the $0.000011 level, having erased most of the losses sustained on Monday.

The token has rejected $0.000010 as support – a level previously tested on January 8.

Following the last test of this level, the BONK price surged 92% in the days that followed, suggesting that there’s likely to be a large volume of buy orders in the area.

However, for BONK to mirror those gains, the token must break back above the 50-day exponential moving average, currently around $0.000012.

This is a distinct possibility, given that spot trading volumes are up 9% in the past day – making BONK the 50th most-traded cryptocurrency globally.

Crypto analysts are also turning bullish on BONK again, with trader Ty Digital setting a near-term price target of $0.000018.

Whether BONK can hit this zone in the days ahead remains to be seen, but momentum is clearly on the side of the bulls.

Top Meme Coins Rally as Buying Momentum Returns

It’s not just Bonk seeing a revival – the wider meme coin sector is bouncing back after a difficult period.

Major players like DOGE and SHIB have erased some of the losses sustained in previous weeks, gaining over 3% each in the past day.

Lower cap coins like Floki (FLOKI) and Memecoin (MEME) have also risen as hype returns to the meme coin space.

However, the biggest gainer over the past day is dogwifhat (WIF), which has surged 37% to hit $0.3224.

The price pumps of these tokens have helped the meme coin market’s value climb back over the $20 billion mark.

Interestingly, there has been no clear catalyst for the uptick in demand for meme coins – hinting that the resurgence may be driven by speculative trading and community-driven momentum.

Regardless, things are starting to look up for meme coin investors as sentiment appears to be shifting positively.

Newcomer Meme Kombat Turns Heads Before Uniswap Launch with Battle Arena Feature

While the meme coin market picks back up, a new addition called Meme Kombat (MK) is turning heads.

Set in a virtual battle arena, Meme Kombat allows players to watch animated fights between characters inspired by meme coins.

The platform uses its native MK token as the primary currency for wagers on fight outcomes, leveraging the power of the Ethereum blockchain for transparency and fairness.

Meme Kombat’s smart contracts have also been audited by Coinsult – adding another layer of safety for players.

The combination of gaming and staking provides utility for the MK token beyond mere speculation, setting it apart from the many hype-driven meme coins that flood the market each week.

As Meme Kombat is currently in its presale phase, early investors are given the opportunity to buy into the project at an early stage.

MK tokens are on offer for just $0.279 to presale buyers – yet this price point is only available for a limited time before the planned exchange listings occur.

Due to the low token price, influencers like My Crypto Journey have speculated that MK could be the “next big meme coin.”

Prominent YouTuber Michael Wrubel, who has over 310,000 subscribers, even predicted that MK’s value could “100x” if the development team achieves their strategic goals.

While there’s no telling whether these bullish forecasts will materialize, the enthusiasm surrounding Meme Kombat has reached a fever pitch as the project gears up for its official launch.

Visit Meme Kombat Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Cryptocurrency

BONK Explodes by 20% Daily as Bitcoin (BTC) Remains Solid at $108K: Weekend Watch

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Bitcoin’s stagnation continues as the asset has made little to no attempt to move away from the $108,000 level.

While most larger-cap alts have produced insignificant gains, TON and BONK have emerged as the biggest gainers on a relatively calm Sunday morning.

BTC Calm at $108K

It has been a quiet period for the primary cryptocurrency. In fact, the latest major price moves came about two weeks ago – on June 23 and 24 – when it dumped to $98,000 before it soared past $105,000 a day later as the Middle East war was going rampantly.

Ever since then, though, the asset has been stuck in a tight trading range between $105,000 and $110,000. It tested the lower boundary on Wednesday, where the bulls stepped up and pushed it south toward the upper one.

On Thursday, BTC showed signs of a breakout attempt when it spiked to a multi-week peak of $110,500, but the bears stepped up at this point and didn’t allow a surge to a new all-time high.

The landscape has been somewhat unchanged since then, as bitcoin quickly returned to $108,000 and has not moved from that level for a few days. Its market capitalization stands strong at $2.150 trillion, while its dominance over the alts is at over 63% on CG.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

BONK on the Run

As the graph below will demonstrate, most larger-cap alts are slightly in the green on a daily scale. Such minor increases are evident from the likes of ETH, BNB, SOL, TRX, DOGE, ADA, BCH, LINK, and XRP. In contrast, HYPE and PI have lost some traction over the past 24 hours.

The biggest gainers are TON and BONK. The former has risen by over 9% and sits at $3, while the meme coin has exploded by 20% and now trades at $0.000022.

The cumulative market cap of all crypto assets has remained relatively stable at $3.4 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

We Asked 4 AIs How High Ripple (XRP) Will Go in 2025: The Answers Might Shock You

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TL;DR

  • Ripple’s price actions are a big prediction topic within the cryptocurrency community, with analysts and believers rushing to offer their insights and forecasts.
  • However, we decided to take a different approach this time and asked four of the biggest AI chatbots (ChatGPT, Perplexity, Grok, and Gemini) about their take on the matter.

2025 Price Targets

All four AI solutions seemed very coherent about XRP’s price potential this year, as Perplexity explained it:

“Ripple’s (XRP) price in 2025 is broadly expected to rise significantly from current levels, with expert forecasts varying but generally bullish.”

Although Ripple’s cross-border token has stalled in the past few months and is actually slightly in the red since the start of the year, all AIs had similar conclusions about its price moves until the end of the year.

ChatGPT laid out three potential scenarios, with the conservative one being at $3.4, which would match the asset’s all-time (and yearly) high. The optimistic is set at $5-$6, and the “aggressive forecasts” put the token at $10-$15 by the end of the year.

Google’s Gemini had similar ideas in mind, saying that “a realistic high could be in the $5-$10 range.” Perplexity also joined the $5-$10 club, which could be reached under “favorable conditions” (more on that later).

Grok was slightly more specific and was the only one that said XRP can finish the year lower than its current price tag. It noted that a “realistic price range” for the asset this year is somewhere between $1.8 and $5.81. Although that’s a pretty wide range, it concluded that the most likely peak will come somewhere between $3 and $4.5.

The Favorable Conditions

When it came down to outlining the factors that could impact XRP’s price moves this year, the AIs were once again aligned in their answers. First, they mentioned regulatory clarity and the official conclusion of the lawsuit against the SEC.

Although Ripple CEO Brad Garlinghouse stated in March that the case had been resolved and there had been several developments on the matter, the judge overseeing the case has yet to agree fully.

Second, the AIs brought up institutional adoption and bullish partnerships, such as those with Santander, SBI Holdings, and others. A spot XRP ETF will also play a significant role in the asset’s price trajectory this year, if approved, said the chatbots. According to ETF experts, the current odds stand at nearly 100%.

Lastly, the AI solutions highlighted the overall crypto market trends:

“Bitcoin’s post-halving performance and a pro-crypto U.S. administration under President Trump could fuel bullish sentiment across the crypto market, benefiting XRP,” – answered Grok, which was similar to what the others had to say.

Despite these bullish predictions for 2025, all four chatbots clarified that these are just that – speculative forecasts that might or might not come to fruition. Investors should do their own research before allocating funds to any cryptocurrency (or other asset, for that matter).

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Ethereum Price to Hit $6K This Year? Analysts Make Bold Call

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If pseudonymous analyst Weslad is to be believed, Ethereum (ETH) is caught in a tug-of-war between wildly differing futures: a historic surge past $6,000 or a soul-sapping plunge to $1,800.

The market technician claims that ETH is completing a massive ABCDE wave structure within a years-long “symmetrical pennant,” which can only mean one thing: explosion.

The Roaring Bull Case

In a recent breakdown, Weslad explained that Ethereum’s price action since its $4,851 all-time high has formed a giant consolidation pattern. According to him, this structure is now approaching a critical inflection point known as wave D, testing its upper boundary.

At the same time, a bullish Inverse Head and Shoulders (IH&S) pattern is emerging on the daily chart, with its neckline acting as stubborn resistance near $2,855.

This technical confluence suggests a coiled spring ready to unleash tremendous energy into the market, leading the analyst to state unequivocally:

“A confirmed breakout above the neckline [$2,855] would likely validate both the IH&S and the breakout from wave D, setting the stage for a potential expansion move toward the $6,000 target and beyond.”

Weslad’s audacious target found an ally in fellow strategist Jeremy Fielder, who declared in a video posted on X:

“We’re looking at $6,500 Ethereum by the end of the year and then a possible 10,000 Ethereum in early next year… Regulation is now pro-crypto. That’s all you need to know.”

He based his argument on the accelerating adoption of Web3 and a favorable regulatory shift, dismissing granular metrics in favor of a sweeping bullish tide.

While not as lofty a milestone as Weslad’s and Fielder’s, market watcher Titan of Crypto’s $4,100 target is not far off the ballpark. His thesis is hinged on Ethereum’s successful recovery back inside its crucial weekly trading range, noting that momentum is building towards the range high.

Looming Bear Trap

But don’t celebrate just yet. Weslad’s otherwise bullish analysis also comes with a stark warning for the downside scenario. He suggested that if ETH faces rejection at the critical $2,855 neckline resistance or the upper boundary of the pennant, a retracement into wave E becomes highly probable.

According to him, this trajectory would drag the price down towards a “high-confluence demand zone” spanning $1,400 to $1,800. That’s a potential 40% collapse from current levels.

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