2024

Solana

when

Bonk

<div class="finbold">
 <p class="paragraph">The every-shifting world of meme coins has, in the last few days, again brought forth one of its mainstays – the dog-themed Bonk (BONK). The cryptocurrency has again entered into a significant rally and is up approximately 34.06% in the last 7 days and 5.30% in the last 24 hours.</p>
 <p class="paragraph">At the time of publication, the meme coin stands at $0.00001343.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/LhnSD-hi7GNvgkTf_sYo2nTgKOhJIAAGnPkgQi3hV1jpXP8aM-yf2wURw-mI8RgXvIETT5JuKHDfBtMMuueTab0FVBGR7KYRjJWr7cwTlmL-utgEnoed7gzBXummutlvHuO1TgHvPNa8RNO9qnK6nog" alt>
  <figcaption class="wp-element-caption">
   BONK 7-day price chart. Source: CoinMarketCap
  </figcaption>
 </figure>
 <p class="paragraph">The most recent rally marks a significant shift from the Solana-based meme coin’s trend in the last 30 days. Indeed, it actually declined 9.78% in the period and is also down compared to its January 1 <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> – albeit a mere 0.67%.</p>
 <p class="paragraph">Given the uncertainty of the new uptrend, Finbold decided to consult the AI-driven predictive algorithms of <em>PricePredictions</em> on whether BONK is likely to maintain its momentum by February 29.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 </div>
 <h2 class="wp-block-heading" id="h-predictive-algorithms-determine-if-bonk-is-likely-to-sustain-its-rally">Predictive algorithms determine if BONK is likely to sustain its rally</h2>
 <p class="paragraph">The predictive machine-learning algorithms of the platform estimate that, after its 30% rally, Bonk is neither likely to start declining nor to continue surging. Instead, the Simple Ledger Protocol (SLP) token built on the Solana blockchain is forecast to behave in a decidedly non-meme-coin-like fashion and enter into a period of sustained growth.&nbsp;</p>
 <p class="paragraph">This trend will likely see it slowly climb to approximately $0.000014 by February 19, 2024. Furthermore, the platform’s algorithms forecast that BONK’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> performance will continue in much the same way until mid-March, when the cryptocurrency is likely to come close to $0.000015.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/3bpXz5xMC6UxrT-UjwklUAYDGp5kzR8k5xvcRoYpEDMbwOp7bImKGZr4pNq3J7s1hadxySNVr7FBhc1CktlT3qQHK5UDOgxf8RESdWUmmiVUPZrXmZy7HDbeWK-pemrrqkMiblbBV3Cz8vvP85JN_g0" alt>
  <figcaption class="wp-element-caption">
   BONK price forecast for February 29, 2024. Source: PricePredictions.com
  </figcaption>
 </figure>
 <p class="paragraph">The most recent rally turned market sentiment for BONK decisively bullish, despite its longer-term performance being lackluster with a mere 12 green days out of the last 30. Similarly, the “Fear &amp; Greed Index” – the index that tracks investor sentiment – ranks the current attitude as “greed.”</p>
 <p class="paragraph">While the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> prediction forecasting a slow and steady rise for the meme coin might appear odd given how this type of cryptocurrency typically performs, it is, to an extent, backed by technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) based on the last 24 hours of trading, as retrieved from <em>TradingView </em>on February 14 which ranks BONK as a buy.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Xl6n_QtO9lVXvm9IiygO9kB_5jBUsoBw3sm7PwZXInOCyW07Qa5yQd2FYiSBs5rS2PjvGme3XOaOblFZmydrMjmjBkN_j24RPpnI2Fr891OKblLFMS60CsC1p1738ciC00YWNCSn3CVrGs7BCu6q5zc" alt>
  <figcaption class="wp-element-caption">
   BONK technicals based on the last 24 hours. Source: TradingView
  </figcaption>
 </figure>
 <p class="paragraph">In true meme coin fashion, however, technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> that takes the cryptocurrency’s performance in the last 7 days paints a very different picture – with these parameters, the token is overall ranked as a “strong sell” with oscillators being “neutral” but moving averages overwhelmingly giving sell signals.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/uW7OUxb6blV6dwIJaKkF6v73gkphyVJXMv8lsj1022aEh2r9UOlPmZOhnYomDNNpUGfZyq4WSh3vURlkvtLCcJ-CKC1RGJjVV3x0CJn08qlJEVQGNycV9MWdhSgLhUI4nqvl9e6PlwOuZDPCcXeswoo" alt>
  <figcaption class="wp-element-caption">
   BONK technicals based on the last 7 days. Source: TradingView
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-bonk-s-native-blockchain-making-even-greater-moves">Bonk’s native blockchain making even greater moves</h2>
 <p class="paragraph">Given that meme coins generally offer the biggest moves in the crypto market, it is interesting to note that SOL, the native token of BONK’s native Solana blockchain, has been making similarly major moves in 2024 as it quickly grew to be a social and utility token across the SOL ecosystem.</p>
 <p class="paragraph">Indeed, after declining at the very start of the year, SOL entered into a rally at a similar moment as BONK and is, in the last 7 days, up 21.20%. Unlike BONK, it is also in the green in the last 30 days – it rose 19.05% in the timeframe.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/KfAZhVxqP5URciPLqpS_sqA1QU0TupYQ-kG6M5x3BZwpoEMzNFjM4cxJatHu_8ooNCx10XeWXv9ihTAFNd7GXuXpfi24xIgAX6-OUiYhie6NaIbWCe-p3PXJexIYaKBNVat38qZeZQnep7w3d0_24i0" alt>
  <figcaption class="wp-element-caption">
   SOL 7-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">At press time, SOL stands at $115.22 with its 1.13% rise in the last 24 hours finally pushing it above $115 after losing the level on January 2.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-bonk-price-for-february-29-2024-tbt79800.html">https://thebittimes.com/machine-learning-algorithm-predicts-bonk-price-for-february-29-2024-tbt79800.html</a></p>

Machine learning algorithm predicts BONK price for February 29, 2024

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