- Solana value is up 30% in 24 hours as bulls look to strengthen above $70.
- In the meantime, Bonk (BONK) has hit a brand new all-time excessive amid the bullish SOL outlook.
- Is the Memeinator (MMTR) likely to profit from a resurgence in meme cash like Bonk?
Solana traded to above $72 on Friday morning, with SOL value gaining greater than 13% prior to now 24 hours to pierce a stage final seen in Could 2022. Solana’s value was hovering at 19-month highs, with bulls boasting a greater than 800% spike since SOL flipped increased from lows of $8 in late December 2022.
Might this surge for SOL cascade to Solana ecosystem meme coin Bonk (BONK)? What would a surging BONK imply for Memeinator (MMTR)?
Solana (SOL) value might surge to $100 in coming weeks
Analysts are predicting the sixth ranked cryptocurrency might proceed an upside trajectory in the direction of the $100 mark.
A take a look at the charts exhibits SOL/USD has notched 7 inexperienced weekly candles out of the final 8, and on the month-to-month chart, its 4 consecutive greens for the primary time since SOL rallied increased with 5 straight greens from July to November 2021.
Solana value on the weekly chart. Supply: TradingView
With buy-side stress likely to mount amid key community development and value motion, the previous BitMEX CEO Arthur Hayes’ bullish call for Solana to $100 could possibly be on the playing cards. Whereas that will not occur this weekend, strengthening above $70 might bulls the inspiration to assault the upper ranges.
If bears handle to poke their nostril into bulls’ enterprise within the brief time period, then a bearish retest of assist could possibly be potential for the vary of $60-$55. Under that’s the $50 stage which can likely act as a sturdy assist space.
Bonk (BONK) – Solana-based meme simply hit new ATH
Bonk (BONK) is a Solana-based dog-themed meme coin that has seen important beneficial properties over the previous few weeks. Throughout the Solana ecosystem, BONK stands out as one of many prime performing cash, rising over 200% prior to now week.
Over the previous 30 days, this meme token has jumped over 1,000%. The previous 24 hours have seen BONK rise 30%, hitting an all-time excessive of $0.00001224 on December 8. This got here as buying and selling quantity reached $200 million and up 137% within the final 24 hours.
BONK was launched final yr and struggled for any group traction because the meme coin house skilled a dip. Nonetheless, with curiosity in Solana rising over the previous few months as buyers took positions across the layer 1 blockchain, BONK benefited.
Ought to the bullish sentiment round Solana proceed, and meme cash like Dogecoin, Shiba Inu sign a return of the meme coin glory days, BONK value might take just a few zeros off the worth stage.
Memeinator value prediction – will MMTR catch the meme coin resurgence?
The Memeinator (MMTR) is a brand new meme token wanting to leverage synthetic intelligence (AI) within the quest to emerge as the highest meme coin. Whereas the token has but to launch, its presale is attracting a whole lot of consideration from buyers.
Memeinator’s whitepaper highlights potential utility through gaming, non-fungible tokens (NFTs), decentralised purposes (dApps) integration and staking. As alluded to on the presale web page, the MMTR is a token designed to clear the meme coin world by concentrating on weak meme tokens.
The challenge hopes to seize a $1 billion market cap by overtaking low or no utility. This has the investor group primed, with a resurgence in meme cash like Pepe, Bonk and Floki likely the explanation the Memeinator presale has raised over $1.75 million already.
Latest updates like a large 129 million MMTR burn and launch of staking is likely to see additional curiosity because the presale strikes in the direction of an in depth.
As soon as it launches on main exchanges, the worth of Memeinator might rise considerably, with consumers who get in on the present $0.014 value doubtlessly including to the 250% improve the token will see by the remaining presale levels as it rises to $0.049.
If market circumstances align for a bullish rally in 2024 when MMTR launches, this token might goal $0.1 within the yr and $0.5 to $1 by finish of 2025.
Discover out extra earlier than you make investments on the Memeinator social media pages or their website.
