Bonk Price Surges 33% in 7 Days – 2 New Meme Coins That May Also List on Binance
The Bonk price has dipped by 3% in the past 24 hours, slipping to $0.00001374 as the crypto market holds tight to a total cap of $2 trillion.
Despite today’s loss, BONK remains up by close to 33% in the last seven days, and while it’s flat in the past month it’s also up by an impressive 1,200% in the last 12 months.
Bonk’s past performance means that traders shouldn’t discount the meme token as a potential vehicle for big profits, even if it hasn’t enjoyed any dramatic gains across the month as a whole.
Yet investors may also consider other, newer meme tokens, with two in particular – Sponge (SPONGE) and Smog (SMOG) – ready to begin listing on new exchanges in the next few weeks.
After several weeks of stagnation, it seems that BONK is gathering some momentum, which could continue intensifying in the near term.
Its relative strength index (purple) has settled at around 60, after buyers pushed it from below 40 more than a week ago.
BONK’s 30-day average (yellow) has also recently picked up after declining since the New Year, signalling what may possible be the beginning of a new bullish period for the coin.
Given that the meme token is 60% down from its all-time high of $0.00003416 (set in mid-December), it would certainly be plausible to say that it has corrected enough and should recover soon.
Yet it may be rash to conclude that it will return to something like its former strength, with its 24-hour trading volume still 92% down from its peak in December.
And as we’ve noted before, it has been quite a while since a whale came in with a big BONK buy, suggesting that it’s struggling to recreate earlier interest.
GM Friday and everyone living it!
FRYday, another busy & productive week but my brain is not at all fried. BONK rumours…
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