- WIF and BONK's latest efficiency confirmed that they may very well be the SHIB and DOGE of this cycle.
- BONK is overbought, however ATR instructed that increased volatility might push the value increased.
- WIF’s short-term momentum might push the value under $1.70, however it stays bullish in the long run.
Meme cash on the Solana blockchain, together with Bonk (BONK) and Dogwifhat (WIF), are setting eye-catching data every single day as their costs proceed to rise. As comparatively new cryptocurrencies which have emerged over the previous yr, BONK and WIF mirror the efficiency of Dogecoin (DOGE) and Shiba Inu (SHIB) throughout the 2021 bull market.
Up to now 90 days, the value of WIF has elevated 10x. Then again, BONK elevated by an astonishing 478%. Throughout the identical interval, DOGE's value elevated by 90.51% and SHIB by 204.02%.
The momentum proven by BONK and WIF means that they’ve the potential to outperform the highest two meme cash available on the market. Nevertheless, the market capitalization of SHIB and DOGE was a lot increased than WIF and DOGE.
On the time of writing, DOGE's market cap was $24.17 billion, whereas SHIB's market cap was over $16 billion. BONK's market capitalization exceeded $2 billion, whereas WIF's was barely decrease at about $1.7 billion. This case means that the Solana-based meme coin should still have important upside potential.
BONK value prediction
BONK continued to set new highs as proven on the 4-hour chart. On the time of writing, the worth of the cryptocurrency was $0.00003232. Earlier than the leap, the Solana-based meme coin encountered resistance at his $0.00002678.
Nevertheless, the bulls defended the $0.00002307 help as the value rebounded. At the moment, BONK is overbought as indicated by the RSI. Normally that is presupposed to set off a retracement. Nevertheless, BONK value also can rise additional because of alerts from the Common True Vary (ATR).
On the time of writing, the ATR studying is growing, indicating excessive volatility. Nevertheless, excessive volatility might trigger the value to rise or trigger a big hearth sale of BONK. In a really bullish case, the value of BONK might cross one zero and attain $0.00010.
If that is true, cryptocurrencies might proceed to outperform SHIB and DOGE. Then again, if the funds flowing into BONK are transferred elsewhere, the value of BONK might plummet.
WIF value prediction
WIF seems to be shedding its bullish momentum because the Superior Oscillator (AO) has displayed a rising pink histogram bar. This AO place means that WIF value might fall under $1.74.
Bollinger Bands (BB) confirmed excessive volatility, just like the best way ATR did with BONK. Nevertheless, the higher band of BB has him tapping WIF round $1.70, indicating that the token is overbought.
On this case, WIF might drop to $1.65. Nevertheless, the long-term outlook for the token stays noteworthy. If WIF repeats its efficiency over the previous 30 days, it might rise one other 10x. If that occurs, its market capitalization will method that of DOGE and SHIB.
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