Bonk Price Prediction as BONK Becomes Best Performing Meme Coin on the Market – What’s Going On?
The Bonk price has jumped by 3.5% in the past 24 hours, climbing to $0.00001393 on the back of news that Revolut is likely to list the Solana-based meme token.
BONK is also up by an impressive 33% in the past week, and while the token is flat in the last 30 days, it still holds onto a 1,500% appreciation in a year.
This has made it the best-performing major meme coin in the market, and while it has had ups and downs in recent weeks, the likely Revolut listing underlines how it still has the potential for big rallies.
Bonk Price Prediction as BONK Becomes Best Performing Meme Coin on the Market – What’s Going On?
What’s particularly encouraging about BONK is that it had struggled to escape an oversold position much of January, implying that it’s due a nice healthy rally.
Its relative strength index (purple) reflects this, having risen from 40 for much of January, it now stands at around 60, giving it plenty of space for further increases.
Similarly, its 30-day average (yellow) has recently begun rising again after more than a month of decline, something which again suggests that the coin could be at the beginning of a period of growth.
It’s also bullish that its 24-hour trading volume has increased substantially in recent days, up from $50 million a week ago to $160 million as of writing.
Much of this volume stems from insider reports suggesting that trading platform Revolut is about to list Bonk.
😍📈 Solana’s Meme Coin ‘Bonk’ Spikes 15% On Revolut Listing Report@RevolutApp plans to list Solana-based meme coin “Bonk” on its trading platform, according to a @CoinDesk report, citing a person familiar with the matter.#CryptoNews #BONKhttps://t.co/ZXzkhHMMop
— Cryptonews.com (@cryptonews) February 15, 2024
If true, a Revolut listing would provide even more credibility for BONK, helping to cement its position as a big meme coin and also potentially laying the foundation for future listings and price rises.
And it does seem that such news has arrived at the right time, with BONK having struggled to recover some of its former momentum in recent weeks.
It seems that whales have almost forgotten the coin, with the last major whale purchase of BONK dating to December.
Nonetheless, its improved trading volume today shows that some interest is likely to remain, and if and when the Revolut listing does materialize, it will likely bring new investors to the token.
As such, the Bonk price could return to $0.000020 in the next few weeks, buoyed by rising bullishness in the wider market.
New High-Potential Tokens for Market-Beating Gains
For traders not entirely convinced by Bonk, there are a variety of promising new tokens in the market worth checking out, with several presale tokens looking especially promising.
One of the newest of these is Scotty the AI (SCOTTY), an AI-powered crypto-currency trading platform that has just launched the sale for its native SCOTTY token.
🚨only $25k left at stage 3,
Stage 1 & 2 closed out early!⚠️ Price increases at stage 4.
BUY $SCOTTY presale at https://t.co/zRmy4g8hfW#blockchains #memecoins #Binance #presale #Ethererum #cryptocurrency pic.twitter.com/ebnS2FoCtG
— Scotty The Ai (@ScottyThe_Ai) February 15, 2024
Despite having opened as recently as late January, SCOTTY’s presale has already raised close to $400,000, a sign that investors are quickly taking an interest in it.
Scotty the AI’s platform boasts two main features, Scotty Swap and ScottyChat.
The first is a trading platform that enables users to perform token swaps, with artificial intelligence-based tools providing a more seamless and intuitive trading experience.
The second, ScottyChat, is an AI-powered chatbot that functions as a complement to Scotty Swap, providing traders with advice and information related to the cryptocurrency market.
In particular, traders can ask ScottyChat for predictions on how the market may behave, with users then able to act on these predictions within Scotty Swap.
Together, these two features have already provided Scotty the AI with enough fundamental promise to attract a growing number of investors.
As a token, it will have a total supply of 1,234,567,890, with 30% of this going towards the presale, and the remainder going towards a mix of staking, marketing and liquidity.
🐾 Don't Forget to Join Scotty's Telegram Room, so you can stay up to date with his latest findings and chat with the communityhttps://t.co/QhJNj6fRSc
— Scotty The Ai (@ScottyThe_Ai) January 12, 2024
It will serve as the utility token of the two main Scotty the AI tools, while as an ERC-20 token will also be open to staking.
Investors can join in the sale by visiting the official Scotty the AI website, where SCOTTY is selling at a price of $0.0052 per token.
This will rise in just under five days, while SCOTTY could rise much higher once it lists on exchanges later in the year.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
