Bonk Value Up 29% in a Week; May This New Solana Meme Coin Surge Subsequent?

Because the broader crypto market turns bullish, Bonk has seen distinctive outcomes, pumping 7% at this time and 29% this week.

However with a market cap of over $800 million, merchants are eagerly looking for the following Solana meme coin to surge. One promising contender is Smog, which soared 1,400% in its opening hours.

Bonk Follows as Solana Gathers Momentum

Bonk’s 29% uptick was enabled by SOL pushing forward, lately flipping BNB to change into the fourth largest cryptocurrency by market cap. Solana’s surge has resulted in a 19% improve this week.

Rising demand for SOL has benefitted Bonk’s worth as a result of it’s native to the Solana blockchain.

The rise has pushed BONK above the 50-day EMA. Moreover, since breaking above on Friday, it has consolidated which alerts a bullish pattern continuation is probably going.

Nonetheless, america’ CPI figures for January have simply been introduced at 3.1%. This was greater than anticipated, with consensus anticipating 2.9% inflation.

Consequently, volatility has ensued within the crypto market, with Bonk taking a small dip. This will have an effect on its probabilities of holding the 50-day EMA within the days forward.

However, long-term worth predictions stay bullish. In keeping with TradingView analyst The Buying and selling Wizard, Bonk is poised for over a 2x transfer from its present worth to $0.000033.

The Buying and selling Wizard highlights that Bonk lately broke a descending triangle chart sample on the 4-hour time-frame and speculates a pattern line retest earlier than an explosive pump.

In the meantime, analyst Babyblockchain famous a double backside sample formation and anticipates a transfer towards $0.000017.

“BONK, Solana’s meme coin, displays resilience! Holding above the $0.0000095 help, it kinds a double backside sample with three reversals. On the present $0.0000167 worth, it goals for a 53% rise in direction of $0.0000178 resistance,” wrote the analyst on X.

However with Bonk’s market cap already over $800 million, merchants are actively in search of new options with extra upside potential. Presently, the most well liked Bonk different is Smog, a multi-chain meme coin that soared 1,400% in its opening hours.

New Meme Coin Smog Providing Airdrop, 42% Staking APY and Multi-Chain Performance

Whereas Bonk is Solana’s main meme cash, a number of different initiatives like Dogwifhat and Myro have been snapping at its heels, seeing outsized beneficial properties in latest months.

However the newest meme coin hype, Smog, appears to take Bonk’s crown as soon as and for all, powered by a beneficiant airdrop and multi-chain performance.

Out there on Solana and Ethereum, Smog has entry to a a lot deeper liquidity pool, enabling worth stability and natural long-term development.

Regardless of launching on 7 February, it already holds a $24 million market cap. This illustrates large neighborhood curiosity, possible pushed by its airdrop.

35% of Smog’s complete provide is allotted in direction of the airdrop. Primarily based on its FDV of $42.5 million, this equates to $4.875 million price of $SMOG.

There are quite a few methods to achieve airdrop eligibility, the primary being to purchase and maintain the token. Potential individuals can study different methods to enter or improve their probabilities of profitable on the Smog Zealy web page.

Those that purchase Smog on the Ethereum community may also stake their tokens to earn passive rewards. The staking APY is 42%, and up to now, over two million Smog have been staked.

Solana Smog holders can bridge their tokens to Ethereum utilizing Portalbridge.com and stake them on the mission’s web site.

Go to Smog Web site

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