Bonk (BONK) and Floki (FLOKI) Buyers Head to New Memecoin Amid Price Drop
The meme coin market has been highly volatile lately, with Bonk (BONK) and Floki (FLOKI) experiencing price dips. However, their buyers have found a new meme coin sensation currently in Stage 5 of its presale: KangaMoon (KANG). With a 290% price growth for this crypto, experts even hint it may become the next $0.5 meme coin in 2024.
Bonk Price Analysis: Trading in the Red
Recently, Bonk (BONK) has been on a downtrend. According to CoinMarketCap data, the Bonk price fell from $0.000022 to $0.000014 in the past month alone. Its market cap dropped from $1.38B to $965M during that time. However, the technical analysis for this meme coin paints a more bullish picture.
At the moment, the Bonk crypto is trading above its 50-day EMA. Additionally, over ten technical indicators are flashing green for this meme coin. Thus, market analysts have made a bullish Bonk price prediction. They forecast a rise to $0.000021 for BONK within Q2 of 2024.
Blockchain Babe With a Bullish Floki Price Prediction
Meanwhile, Floki (FLOKI) has also experienced some turbulence. CoinMarketCap data shows that this meme coin’s value dropped from $0.000186 to $0.000141. Floki’s market cap sank from $1.77B to $1.35B in that period. But, crypto analyst Blockchain Babe predicts that the Floki price may reach $0.00038 soon.
From a technical analysis perspective, this price prediction has the potential to come true . For instance, the Floki coin trades above its 50 and 100-day EMAs. Moreover, 18 technical indicators are showing green for Floki. As a result, experts predict that this meme coin will be worth $0.000213 within Q2 of 2024.
