Bonk Price Set to Explode as $100 Million in Trading Volume Pours In
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As Bonk trading volumes surge back above $100 million, per Yahoo Finance data, the Bonk price could be set to explode.
BONK was last trading just above the $0.000017 level, with trading volumes hitting their highest level since last Friday.
Since mid-July, BONK has been stuck in a bearish trend.
But bulls are hoping that if the Bonk price can this week bust above its recent downtrend, it can explode higher.
Indeed, a breakout above the $0.000019 area would set the stage for a rapid rise back to the mid-$0.000030s, assuming BONK could also burst above its 50 and 200DMAs in the $0.000023s.
But that’s a big if. For now, the BONK price remains stuck in a bearish trend.
Its no surprise then that, amid the uncertainty, BONK holders are looking for alternatives with a better probability of near-term gains.
One new Bonk alternative that analysts at Cryptonews.com think has great potential is PlayDoge (PLAY).
PlayDoge is a new play-to-earn (P2E) meme coin game, styled after the classic Tamagotchi.
PlayDoge is currently available in presale, and investors have already poured in over to $6.0 million.
And investor FOMO is growing, with the PlayDoge presale scheduled to end in just under a week.
Read more on cryptonews.com
