BONK ($BONK) hit a new ATH this past week, but due to fears of price correction, experienced traders are now pivoting to newer alternatives. Given that it’s about to be listed across several tier 1 crypto exchanges, the alternative for many here is Pikamoon ($PIKA).
Quick Takeaways
- BONK hit a new ATH… TWICE in a week.
- Bitcoin’s halving and market optimism could sporadically boost BONK, but its prime surge is probably behind us.
- Memecoins like Pikamoon (PIKA) continue eyeing top exchange listings, meaning better alternatives are now out there.
- The stage is set for PIKA to soar 1000x from its initial listing price of $0.0007.
What’s the Latest on BONK?
BONK, like other Solana Meme Coins, has had a crazy 2024 so far. The meme token hit an all-time high of $0.00004704 last week, up almost 4491.23% from a year ago. Its 24-hour trading volume also shot up to $1 billion, which is a crazy feat to say the least.
BONK also enjoyed an all-time high market cap of approximately $2 billion, however since then it’s slipped a little to settle around $0.00002958. Overall, the project has experienced an impressive 40% gain on a weekly basis.
(Bonk one-month price chart via: CoinMarketCap)
With the increasingly bullish momentum on the cards, BONK can perhaps go on to reach new heights. This has led many to questioning whether it can hit that elusive $1 mark. We’ll explore this next…
Bonk Price Prediction 2024 & Beyond: Is $1 BONK Loading?
Short Term Prediction
Bad news folks… the latest technical indicators for BONK are mostly neutral or sell right now, suggesting that the price may not be loading or increasing significantly in the near future.
Most notably the relative strength index for BONK coin has hit 70, which is in the slightly overbought category.
Some analysts warn that the Bonk price could drop soon, as the daily Moving Average Convergence Divergence (MACD) and the daily Relative Strength Index (RSI) indicators indicate a risk of a price correction or a decrease in buying interest.
The 14-day RSI and the STOCH (9,6) also imply a sign of oversold, which means that the price may have reached its peak and may reverse soon.
All this comes off the back of the news that BONK rallied because whales started buying up the token again. Before the price pump, one notable whale bought almost 98 Billion $BONK for a price of $1.5 million.
That means a price correction may be on the horizon in the short term.
Today the price of $BONK has increased by more than 50%!
A SmartMoney accumulated 98B $BONK($1.54M) from #Binance again before the price increased.
He currently holds 319.44B $BONK($7M), with a profit of $2.9M.https://t.co/1oXGa1QlKp pic.twitter.com/TXYw2H07yz
— Lookonchain (@lookonchain) February 29, 2024
Long Term Prediction
As for the big question itself, can BONK hit $1?
The answer seems… highly unlikely.
To reach a value of $1, BONK coin would need to increase its price by over 42 million times. This would imply a market cap of over $93 quadrillion, which is more than the estimated global wealth of $418 trillion.
Based on the indicators above, BONK coin has some potential to grow in value, but not to the extent of reaching $1. A more realistic price target for BONK coin could be $0.0001, which would imply a market cap of $9.35 billion and a 4.240% increase from the current level. This would still require a high level of adoption, innovation, and favourable market conditions for the BONK coin.
TLDR:
BONK to $1 is not possible in 2024. We could see BONK beat its new ATH in the coming weeks, potentially reaching $0.00005 (or even removing a decimal place by the year-end).
New Meme Token All Set For Crazy Rally
Pikamoon (PIKA) is a new meme token that is set to take the crypto world by storm. Unlike BONK – which is losing steam after expecting a market correction – PIKA has a solid foundation and a bright future ahead.
Here are some of the reasons as to why traders are looking to pivot from BONK to PIKA as the next crypto bull market of 2024 approaches.
Impressive Pre-sale Performance
PIKA ended its presale with a bang last month, selling out all 15 billion tokens in just 7 days into the 60-day countdown and raising over $1.3 million in less than a week.
This shows the huge demand and excitement for PIKA among investors and the general public alike, all of which are eager to get their hands on this deflationary GameFi token with real value.
Upcoming Token Launch on Tier-1 CEXs
In their first public appearance via the Pikamoon Podcast, the now doxxed founders of the project Brock and Kanto revealed that the token has secured listings on some of the most reputable and popular centralized exchanges (CEXs) in the industry.
They also revealed that a public listing is expected sometime in the upcoming two to three weeks – however, due to legal reasons, they can’t reveal the names of the platforms just yet. A Presale token being listed on CEXs is practically unheard of in the crypto world, which demonstrates the legitimacy and impressiveness of Pikamoon as a game and PIKA as token.
Endorsements From Global Influencers
PIKA has been endorsed by some of the most influential figures in the crypto space, such as Jacob Bury, who dubbed it the “Moonshot” of this bull run, and Tom Sheen, who praised its unique concept and growth prospects.
Many influencers helped build huge momentum for PIKA throughout the presale, and many more are expected to continue doing so. Of course, such endeavour is designed to attract even more investment interest during the lead up to the token launch.
Market Cap Comparisons with other GameFi tokens
PIKA is not just a community meme token, it’s a GameFi token that powers an immersive and rewarding Play-to-Earn (P2E) game – just like Axie Infinity’s AXS, Illuvium’s ILV, or The Sandbox’s SAND that is.
In the previous bull run, all of these tokens went from a few million market caps to over a billion dollars each.
To give one example, Axie Infinity (AXS) started 2021 with a market cap of around 30 million and priced at $0.4. In just 11 months, at the peak of the bull run, it crossed a billion-dollar market cap and saw an all-time high of $164.90.
What’s interesting is that PIKA will be launching with a similar market cap of $10 million – where coupled with the general bullish market sentiment and re-emergence of GameFi, the stage is set for PIKA to follow a similar trajectory in 2024.
A Fully Doxed Team of Professionals
As previously mentioned, the founders of Pikamoon revealed their identities in a recent podcast – meaning in boasting a fully doxed and transparent team, Pikamoon is one of the most trustworthy and reliable GameFi projects in the space.
This is because full transparency is a rarity in the crypto space, further meaning that it should never be underestimated by investors and holders.
The #Pikamoon Founders are now doxxed 👀
Exciting times for the #PikaArmy
➖@lukeyapples Aka. Kanto (Co-CEO)
➖@altcoinconrad Aka. Brock (Co-CEO)The full development team behind the game & $PIKA is also now public!
➖@orbitcosmoshq🔌 $200 Giveaway (Follow all, RT, Like) pic.twitter.com/YE8aQsw4FF
— Pikamoon (@PikaMoonCoin) February 29, 2024
Although only one episode has been released so far, the trio intend to release more… and in doing so, more exclusive details surrounding the past, present, and future of Pikamoon will be revealed.
In turn, the Pikamoon Podcast offers the community an amazing and unique way to get to know the people behind their investments, whilst also allowing them to stay updated on the latest news and developments from ‘the Pikaverse’.
Community-Backed Project
Pikamoon is an entirely community-backed project, with over 15,000 holders and 7,500 beta players already on board. It has active communities on Telegram, Reddit, Discord, X, and more.
This engaged and active user base not only provides a strong foundation for the project, but also ensures ongoing momentum and explosive growth. The community will also have a say in the governance of the project, as PIKA holders will be able to vote on proposals and influence the direction of Pikamoon.
Open World Metaverse Future Plans
The in-house development team behind Pikamoon ‘Orbit Cosmos’ are working on creating a widely interactive free-roamable open world within Pikamoon – similar to what the creators of Axie Infinity ‘Sky Mavis’ did to achieve a multi billion dollar token.
The vision for Pikamoon’s mass metaverse is to offer players a dynamic and expansive world where they can connect, socialize, and explore with one another. Players will also be able to create and customize their own unique avatars, embark on quests, battle opponents, and discover hidden treasures across a vast virtual landscape.
As outlined by the tech duo founders throughout the podcast episode, having an in-house development team allows for far greater control over the development process, as the team can create exactly what they want, down to the very last pixel. It also allows for a streamlined feedback system, where community concerns, bug reports, and suggestions will easily reach the development team.
Final Thoughts
All things considered, Bonk Coin and PIKA are two altcoins that have caught the attention of investors and cryptocurrency enthusiasts alike. While it has experienced a significant increase in value over a short period of time, BONK price prediction for the future looks uncertain.
For those eyeing the next big altcoin set to explode, PIKA offers an intriguing and promising opportunity. Fortunately, the token is now set to launch on leading crypto exchanges for a mere $0.0007 in the coming weeks.
With its vibrant community, passionate development team, and ambitious plans for an open-world metaverse, Pikamoon has an excellent long-term outlook to become a significant player in the digital currency and gaming sectors alike. So, don’t sleep on this opportunity!
BONK Price Prediction & Pika Potential – FAQs
What factors influence the price predictions of memecoins like Bonk and Pikamoon?
Price predictions are influenced by factors, such as market sentiment, trading volume, adoption rates, technological developments within the project, and broader crypto market trends. For meme coins, social media buzz and influencer endorsements also play a significant role.
How can I participate in the growth of coins like Pikamoon?
You can participate by investing early, joining their community, contributing to the project’s governance, and spreading its word. Staying informed about the project’s developments and milestones through their official channels is also important.
What makes a meme coin like Pikamoon stand out in a crowded market?
Unique features, a strong development team, an active and engaged community, real-world utility, and transparent project goals can make a meme coin stand out. Endorsements from well-known figures in the crypto space can also add credibility and attract attention.
How does the future of gaming and metaverse projects impact the value of GameFi tokens?
The growing interest in gaming and metaverse projects is expected to drive demand for GameFi tokens. Projects like Pikamoon that offer engaging gameplay, economic incentives, and immersive experiences are more likely to attract a larger user base, potentially increasing the value of their tokens.
Can meme coins like Bonk and Pikamoon be used for real-world transactions?
Yes. But it depends on the project as well. While some meme coins gain utility and can be used for transactions or in decentralized finance (DeFi) applications, many remain primarily speculative assets. The utility depends on the project’s development and partnerships.
How do I safely store my meme coins?
Store your meme coins in a secure wallet, such as a hardware wallet like Ledger for the highest security or a reputable software wallet for convenience. Always follow best practices for digital security, including using two-factor authentication and keeping your private keys offline.
