• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Market & Analysis

Solana’s BONK Roundtrips Total Gains From 2024, Here’s Why It’s A Good Buy Now

n70products by n70products
February 7, 2025
in Market & Analysis
0
Solana’s BONK Roundtrips Total Gains From 2024, Here’s Why It’s A Good Buy Now
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

After a yr of explosive value progress, the Solana based meme coin, BONK, has worn out all of its 2024 positive aspects, retracing roughly 76% from its peak. Regardless of this dramatic decline, a crypto analyst has instructed that this dip may very well be a strategic shopping for alternative for buyers quite than a trigger for concern. 

Solana‘s BONK Retraces 2024 Features

The broader meme coin market has been experiencing a extreme downturn, pushed by the volatility and market adjustments attributable to the current Bitcoin price decline. Following United States (US) President Donald Trump’s trade war, meme cash like BONK, Dogecoin, Shiba Inu, and others crashed severely. 

Associated Studying

A current chart evaluation by a TradingView knowledgeable recognized as ‘Cusdridge19523’ sheds light on the extent of Bonk’s severe decline. In keeping with the analyst, Bonk has round-tripped just about all of its positive aspects from 2024, dropping over 76% from its most up-to-date market peak. 

This large value crash marks the fourth main correction within the meme coin’s historical past. In 2024, Bonk skilled three significant price pullbacks that noticed its value drop by greater than 60%. At first of the earlier yr, the meme coin fell 72.77% after reaching an area peak. Equally, through the second quarter of 2024, BONK skilled a 74.2% value drop and declined once more by 65.05% across the third quarter. 

BONK
Supply: Cusdridge on Tradingview

Its current 76.08% in 2025 marks its highest crash in comparison with earlier corrections in 2024. CoinMarketCap additionally reviews that Bonks’ whole positive aspects for 2025 are about 78.82%. The meme coin skilled a gradual value drop to its present low, plummeting by 48.02% in a single month and one other 28.46% prior to now week. 

At the moment, the BONK price is still in the red zone, having fallen by 1.28% within the final 24 hours. Its present value is $0.000018, aligning with previous assist ranges and consolidation areas that triggered robust rebounds. The TradingView analyst has additionally revealed that the market could have to attend between 7 and 90 days for BONK to make a spherical journey and expertise a potential price rebound.

Why Now Would possibly Be A Good Time To Purchase

As BONK reaches consolidation lows just like previous developments, the TradingView analyst believes its present value stage presents a pretty buying opportunity for buyers trying to benefit from market dips. Traditionally, Bonk has proven a transparent sample of robust value reversals after sharp market corrections, giving buyers extra motive to consider that the token may as soon as once more ship robust returns from market lows. 

Associated Studying

Moreover, the TradingView knowledgeable revealed that the broader crypto market outlook for 2025 is bullish, with hypothesis rising round Solana-based Change Traded Funds (ETFs). The introduction of a Solana ETF may additionally drive institutional curiosity, not directly benefiting meme cash like BONK. The analyst has additionally highlighted the opportunity of a BONK ETF, including to the bullish hearth and doubtlessly driving demand.

BONK
BONK buying and selling at $0.000017 on the 1D chart | Supply: BONKUSDT on Tradingview.com

Featured picture from LinkedIn, chart from Tradingview.com



Source link

Tags: BONKBuyGainsGoodHeresRoundtripsSolanasTotal
Previous Post

Ethereum Could Crash To $1,700 If This Support Fails, Analyst Says

Next Post

SEC Officials Instructed to Shrink Cryptocurrency Enforcement Team: Report

Next Post
SEC Officials Instructed to Shrink Cryptocurrency Enforcement Team: Report

SEC Officials Instructed to Shrink Cryptocurrency Enforcement Team: Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Ethereum Holds Key Support To Set A ,000 Target – Analyst

Ethereum Holds Key Support To Set A $6,000 Target – Analyst

October 31, 2024
SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

April 2, 2025
‘Pay Attention to Sui’ – Macro Guru Raoul Pal Says Solana Rival Looking Like ‘The Chosen One’ Amid Bullish Signals

‘Pay Attention to Sui’ – Macro Guru Raoul Pal Says Solana Rival Looking Like ‘The Chosen One’ Amid Bullish Signals

September 19, 2024

Recents

Have cryptocurrencies arrived as an asset class? It’s complicated

Have cryptocurrencies arrived as an asset class? It’s complicated

June 21, 2025
Can holding Bitcoin make you a target? France’s scary new reality

Can holding Bitcoin make you a target? France’s scary new reality

June 21, 2025
Shares of Coinbase and Circle Explode in Value After US Senate Passes Landmark Stablecoin Bill

Shares of Coinbase and Circle Explode in Value After US Senate Passes Landmark Stablecoin Bill

June 21, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version