Bonk Price Prediction: BONK Soars 22% Amid Investor Frenzy For This Bitcoin Cloud Mining Platform That’s Closing On $5 Million In Presale

On Dec 6, 2023

Join Our Telegram channel to stay up to date on breaking news coverage

The Bonk price surged 22% in the last 24 hours to trade at $0.00000792 at 8:50 a.m. EST, while its trading volume saw a 14% drop to $81 million.

The Bonk price has soared 952% surge in the last month, an upswing attributed to an influx of capital into the Solana blockchain and an increasing appetite for riskier investments in tokens associated with the network.

Bonk is now the third-largest token within the dog-themed category, trailing only Dogecoin (DOGE) and Shiba Inu (SHIB).

Boasting a market capitalization of $481 million, Bonk has surpassed Floki’s (FLOKI) $400 million and BabyDogeCoin’s $350 million.

Bonk Price Aims For New High

BONKUSD Chart Analysis. Source: Tradingview.com

Bonk Price Prediction

The BONK price displays a bullish technical trend, characterized by buyer consolidation around the $0.0000003434 support zone and a successful breach of the February high at $0.000005625 resistance.

This resilience indicates the potential for a sustained bullish trend, generating momentum towards $0.00001077.

BONK maintains its position above the 200-day and 50-day Simple Moving Averages (SMAs), affirming the optimistic outlook and serving as immediate support levels. The crossover at $0.0000004380 underscores the current prevalence of bullish sentiment.

The Relative Strength Index (RSI) has crossed the overbought threshold at 70 and is trading at 81, indicating intense buying pressure.

The target of $0.00001077 as the next resistance reflects a potential 32% increase from the present price.

However, possible disruption by bears during the bullish rally could instigate a bearish reversal, leading to a corrective movement toward the $0.000005625 support zone.

Investors looking to diversify among altcoins with huge upside potential might also explore Bitcoin Minetrix.

Bitcoin Minetrix Raises $4.9 Million, Price Hike In 12 Hours

Bitcoin Minetrix (BTCMTX) is moving away from the conventional approach to Bitcoin mining, which demands expensive equipment, by allowing the average individual to mine BTC without the burden of costly tools and the risk of falling victim to third-party scams.

Discovering #BTC Cloud Mining ⚒️🖥️
Uncovering the process of #Bitcoin mining minus the burden of equipment ownership or maintenance.
💰 No upfront hardware expenses.
🔧 Basic skills are all you need.#CloudMining #BitcoinMining pic.twitter.com/Arqhnr1gMx
— Bitcoinminetrix (@bitcoinminetrix) December 5, 2023

In the current presale phase, Bitcoin Minetrix has already secured an impressive funding sum exceeding $4.9 million, with a target of $5.4 million. This positive investor sentiment reflects the token’s potential post-launch, especially with Bitcoin prices soaring.

#BitcoinMinetrix Stage 11 is ending in just 1 day! ⏳
How do you see #Blockchain impacting data security in the next 5 years? 💻#DataProtection #BlockchainFuture pic.twitter.com/Ao30t6hdJ5
— Bitcoinminetrix (@bitcoinminetrix) December 6, 2023

Investors currently can acquire BTCMTX tokens at the discounted rate of $0.012 per token. But this price will increase in about 12 hours as the presale moves to the next stage. Therefore, buying the tokens at the current lower price is advisable.

Win BTCMTX Rewards, Earn Passive Income

BTCMTX holders also have the chance to get instant rewards and generate passive income. The project currently hosts a $30,000 mine drop giveaway, where 10 participants stand to win $3,000 worth of BTCMTX each.

Additionally, investors can earn passive income by staking their BTCMTX tokens, securing a generous 121% annual percentage yield (APY). It’s worth noting that the APY will gradually decrease as more individuals engage in staking.

Recently, BTCMTX earned recognition as one of the top cryptocurrencies to buy this December, according to Jacob Bury, a popular crypto analyst and YouTuber. In his video, he provides a brief explanation of the project’s mechanism