The Bonk price is currently experiencing a downtrend in the crypto market, but ongoing market accumulation suggests a potential 90% surge in the future. The price of Bonk is hovering around $0.0000225 and is testing its 200DMA once again. Buying Bonk when it tests its 200DMA and holding for a few weeks has historically been a successful strategy. Additionally, the Bonk price is approaching a retest of an uptrend that has been in place since February, which could potentially lead to a 90% rally towards the $0.000040s. This demonstrates the upper bounds of Bonk’s accumulation range in recent months.
For those seeking larger gains beyond the potential 90% rally in Bonk, investing in new meme coins early may be a lucrative opportunity. Meme coin presales present an opportunity to get in on the ground floor of a new project that could potentially offer significant gains, such as 10x or more. Cryptonews.com is monitoring the meme coin presale market closely and has identified a new project called Shiba Shootout as having strong potential. Shiba Shootout is a Wild West-themed play-to-earn (P2E) meme coin that is currently conducting a presale of its native SHIBASHOOT token. Investors have already contributed over $860,000 to this new rival coin.
Shiba Shootout offers P2E utility and passive income opportunities, making it an attractive investment option for those seeking high returns. Popular crypto presale analyst Michael Wrubel believes that Shiba Shootout could be the next 100x gem in the market. The excitement surrounding SHIBASHOOT is growing as the project successfully raised over $800,000 in funding. This new meme coin has the potential to offer significant gains for investors who get in early and capitalize on the growth of the project.
As with any investment in the crypto market, it is important to understand that investing in meme coins and new projects carries a high level of risk. Cryptocurrency is a volatile asset class, and investors should be prepared for the possibility of losing all of their capital. This article is provided for informational purposes and does not constitute investment advice. Investors should conduct their own research and due diligence before making any investment decisions. Despite the potential for significant gains, it is important to approach investments in meme coins with caution and be aware of the risks involved in this market.
