How high can bonk prices be? Solana Meme Coin Pumps Additional 30% as Analysts Support This Token for Next Explosion.

Bonk, a Solana-based meme coin, has seen massive gains this week, surging more than 150% this week and 110% today, and now has a market cap of $1.8 billion.

Meanwhile, analysts are backing the newly released Meme Kombat for succeeding Bonk after pre-sales topped $3.3 million.

Traders concerned about Bonk’s next move

Bonk’s now-infamous rise comes after leading centralized exchanges Coinbase and Binance announced that they would list the token on their respective platforms.

As a result, prices and trading volume increased explosively with the influx of mainstream liquidity.

This rise is very similar to that of Pepe, whose market capitalization soared to $1.8 billion after listing on Binance. But Pepe fell just as quickly. Nonetheless, the broader cryptocurrency market is now entering a completely new paradigm.

In particular, traders are anticipating the upcoming Bitcoin ​​ETF approval decision and Bitcoin ​​halving, and analysts believe that the FED will cut interest rates in 2024, which will lead to a rebound in the cryptocurrency price.

Therefore, cryptocurrency prices are likely to rebound in 2024 and Bonk is also likely to rise. But after such a parabolic shift, will you first step back?

One trader who believes Bonk will pull out is Crypto GBR. Analysts speculate that Bonk will bounce back to $0.000018-$0.000023 after rejecting $0.000033.

So far, the predictions are going well, with Bonk finding strong resistance at the level in question.

Meanwhile, Gold_Cryptoz is also paying attention. The trader announced that he had “converted $10,000 into $408,000 on the spot,” but decided to liquidate the position and lock in profits.

“There’s a chance it could double here and say, ‘I wish I had held on,’ but then there’s also a chance it could top out and say, ‘I wish I had sold.’”

The analyst said they weren’t trying to fool anyone, but “they’ve been around long enough to know what happens to people who marry a bag.”

But while Bonk’s euphoria looks set to wear off soon, analysts are backing Meme Kombat for the next explosion.

Could Meme Kombat make a similar profit after raising $3.3 million in pre-sales?

Meme Kombat is a play-to-earn (P2E) meme coin that allows users to gamble on AI-generated battles between meme coin characters. Compelling use cases suggest massive upside potential by leveraging P2E, meme coins, and cryptocurrency gambling markets.

Additionally, users will need $MK tokens to bet on battles. This provides a steady flow of demand that negates typical meme coin volatility.

However, the project still benefits from the viral meme coin appeal, featuring some of cryptocurrency’s most beloved meme coin characters such as the Dogecoin dog, Shiba Inu, and Pepe the Frog.

Meanwhile, Meme Combat The account implements a flawless strategy to help foster a vibrant community by posting upbeat, culturally relevant memes. So far, the team has amassed an impressive 10,000 followers.

Another advantage of Meme Kombat is that it boasts a doxxing team and smart contract auditing. This provides transparency and accountability that is uncommon in meme coin projects, potentially making it a more attractive investment for more conservative market participants.

This project is currently in pre-sale. This means that investors can purchase it at a discounted price before it is released on the exchange.

The current Meme Kombat pre-sale price is $0.246, but it will increase to $0.257 in 6 days.