{"id":564696,"date":"2023-12-09T09:20:30","date_gmt":"2023-12-09T09:20:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=564696"},"modified":"2023-12-09T07:41:44","modified_gmt":"2023-12-09T07:41:44","slug":"the-bonk-bomb-solana-meme-coin-gets-extra-200-boost-to-its-7000-value-appreciation","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/the-bonk-bomb-solana-meme-coin-gets-extra-200-boost-to-its-7000-value-appreciation\/","title":{"rendered":"The BONK Bomb: Solana Meme Coin Gets Extra 200% Boost To Its 7,000% Value Appreciation"},"content":{"rendered":"<p>The price of some digital assets has reached an all-time high due to the recent growth in the bitcoin market. The unprecedented upswing in the cryptocurrency market has not only been good to tokens of decentralized protocols, but also meme coins like Bonk Inu (BONK). Today marked a new high for the token as its price increased by <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bonk\" target=\"_blank\" rel=\"noopener nofollow\">more than 200%<\/a> in the weekly timeframe.<\/p>\n<p>Solana&#8217;s meme coin Bonk has been on a tremendous bull run for quite some time, with a price increase of over 7,000%, indicating the strengthening of the Solana ecosystem.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/ethereum-price-soars-to-over-2300-is-3000-next\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price Soars To Over $2,300 \u2013 Is $3,000 Next?<\/a><\/div>\n<h2><strong>BONK Surges: A Crypto Standout<\/strong><\/h2>\n<p>November saw a sharp 1,000 surge in BONK&#8217;s value, making it one of the most profitable assets in the cryptocurrency market to date. The general upward trend in the cryptocurrency market in the first part of the month is partially the reason for this growth.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-564699\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-57.png?resize=567%2C265\" alt=\"\" width=\"567\" height=\"265\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-57.png?w=567 567w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-57.png?w=460 460w\" sizes=\"(max-width: 567px) 100vw, 567px\"><\/p>\n<pre id=\"attachment_140628\" class=\"wp-caption aligncenter\" aria-describedby=\"caption-attachment-140628\">Source: TradingView \/\u00a0<a href=\"https:\/\/www.tradingview.com\/symbols\/BONKUSDT\/\" target=\"_blank\" rel=\"noopener nofollow\">BONKUSDT<\/a><\/pre>\n<p><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">The BONK price<\/a> has consistently produced large bullish candles since breaking out of the bearish trend it had been in since the start of the year. The majority of meme currencies are not moving very much, but BONK is experiencing high trade frequencies that are causing many bull runs.<\/p>\n<p>Even though there was a slight decline in price, the bulls&#8217; overwhelming domination kept the price above the gains. Considering that the volume has now turned to its advantage, the uptrend should last until the end of the month.<\/p>\n<p>Based on the technical indications, there is no sign that the bullish momentum will abate anytime soon. At the moment, BONK is experiencing a strong positive trend, with its price hitting an exponential high of $0.0000152. Interestingly, the prior high at $0.0000100 has become a level of support.<\/p>\n<pre style=\"text-align: center\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/AlLT1xa2\/\" width=\"1273\" height=\"522\">BONKUSD currently trading at $0.00001360 territory on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ZUMCtHpo\/?symbol=CRYPTOCAP:XRP\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p>The 89th position on the Relative Strength Index (RSI) indicates an overbought zone. Extended green histograms on the Moving Average Convergence Divergence (MACD) indicate a strong bullish trend.<\/p>\n<h2><strong>BONK&#8217;s Ascent Faces Resistance Challenges<\/strong><\/h2>\n<p>BONK will encounter early resistance near its new all-time high of $0.0000133299 if it continues to rise. Above that, the extended Fib -0.236 level at $0.0000156963 and Fib -0.382 at $0.0000171293 are targets for higher moves. Volume is still high, indicating that people are still interested in BONK as it rises.<\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-564698 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-56.png?w=640&#038;resize=640%2C488\" alt=\"\" width=\"640\" height=\"488\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-56.png?w=640 640w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-56.png?w=460 460w\" sizes=\"(max-width: 640px) 100vw, 640px\">BONK seven-day price action. Source: Coingecko<\/pre>\n<p>Meanwhile, some fortunate Solana ecosystem participants stand to gain greatly from the skyrocketing price of the meme coin. Solana gave away $10 worth of BONK tokens when it released its Saga smartphone back in April. Those tokens are now worth over $11,500 because BONK is now over 1,000 times the price since then.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/crypto\/what-is-usdc\/\" target=\"_blank\" rel=\"noopener \">This BRC-20 Token Just Breached $1 Billion Market Cap With 180% Rally Today \u2013 Details<\/a><\/div>\n<p>For those who are still holding onto their BONK airdrops, this has already been a transformative experience. Even in the wildest meme coin theories, gains of over a thousand percent are practically unheard of.<\/p>\n<p>Furthermore, given the continued growth of the cryptocurrency industry overall, it is possible that Solana and the meme coin community will continue to surprise us in the future given the persistent enthusiasm and risk-taking behavior.<\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em>Featured image from Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of some digital assets has reached an all-time high due to the recent growth in the bitcoin market. The unprecedented upswing in the cryptocurrency market has not only been good to tokens of decentralized protocols, but also meme coins like Bonk Inu (BONK). Today marked a new high for the token as its price increased by more than 200% in the weekly timeframe. Solana&#8217;s meme coin Bonk has been on a tremendous bull run for quite some time, with a price increase of over 7,000%, indicating the strengthening of the Solana ecosystem. Related Reading: Ethereum Price Soars To Over $2,300 \u2013 Is $3,000 Next? BONK Surges: A Crypto Standout November saw a sharp 1,000 surge in BONK&#8217;s value, making it one of the most profitable assets in the cryptocurrency market to date. The general upward trend in the cryptocurrency market in the first part of the month is partially the reason for this growth. Source: TradingView \/\u00a0BONKUSDT The BONK price has consistently produced large bullish candles since breaking out of the bearish trend it had been in since the start of the year. The majority of meme currencies are not moving very much, but BONK is experiencing high trade frequencies that are causing many bull runs. Even though there was a slight decline in price, the bulls&#8217; overwhelming domination kept the price above the gains. Considering that the volume has now turned to its advantage, the uptrend should last until the end of the month. Based on the technical indications, there is no sign that the bullish momentum will abate anytime soon. At the moment, BONK is experiencing a strong positive trend, with its price hitting an exponential high of $0.0000152. Interestingly, the prior high at $0.0000100 has become a level of support. BONKUSD currently trading at $0.00001360 territory on the daily chart: TradingView.com The 89th position on the Relative Strength Index (RSI) indicates an overbought zone. Extended green histograms on the Moving Average Convergence Divergence (MACD) indicate a strong bullish trend. BONK&#8217;s Ascent Faces Resistance Challenges BONK will encounter early resistance near its new all-time high of $0.0000133299 if it continues to rise. Above that, the extended Fib -0.236 level at $0.0000156963 and Fib -0.382 at $0.0000171293 are targets for higher moves. Volume is still high, indicating that people are still interested in BONK as it rises. BONK seven-day price action. Source: Coingecko Meanwhile, some fortunate Solana ecosystem participants stand to gain greatly from the skyrocketing price of the meme coin. Solana gave away $10 worth of BONK tokens when it released its Saga smartphone back in April. Those tokens are now worth over $11,500 because BONK is now over 1,000 times the price since then. Related Reading: This BRC-20 Token Just Breached $1 Billion Market Cap With 180% Rally Today \u2013 Details For those who are still holding onto their BONK airdrops, this has already been a transformative experience. Even in the wildest meme coin theories, gains of over a thousand percent are practically unheard of. Furthermore, given the continued growth of the cryptocurrency industry overall, it is possible that Solana and the meme coin community will continue to surprise us in the future given the persistent enthusiasm and risk-taking behavior. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":564702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87477,87478,87479,87481,6664,88164],"class_list":["post-564696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bonk","tag-bonk-inu","tag-bonk-price","tag-bonkusd","tag-crypto","tag-memecoins"],"acf":[],"yoast_head":"\n<title>BONK Gets Extra 200% Boost To Its 7,000% Value Appreciation<\/title>\n<meta name=\"description\" content=\"The price of some digital assets has reached an all-time high due to the recent growth in the bitcoin market. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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