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<p><a href="https://captainaltcoin.com/solana-price-prediction-this-key-119-190-range-could-determine-sols-next-big-move-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Solana </a>meme coins are “waking up” as we march through the first few days of July. And now, BONK is putting up a decent price surge in the last 24 hours.</p>
<p>Cryptocurrency analyst Jakey has highlighted the impact of BONK beyond its price action. He emphasized its contribution during a critical period for Solana.</p>
<h2 class="wp-block-heading" id="a-timely-airdrop-strategy">A Timely Airdrop Strategy</h2>
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   <p lang="en" dir="ltr">I will forever suggest anyone within the SOLANA ecosystem to hold a bit of <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BONK</a><br><br>Take the price up or price down mentality out for 1 second<br><br>BONK arguably played a massive role in the regrowth of the SOLANA ecosystem, dark days with a very uncertain feeling for most.<br><br>They…</p>— Jakey (@SolJakey) <a href="https://twitter.com/SolJakey/status/1807882919987343466?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p>Jakey describes in his tweet the “dark days” for the Solana ecosystem. He mentioned that during this time, BONK took an unexpected approach.</p>
<p>The project initiated an airdrop that not only helped many participants recover financially but also served as a potent reminder of Solana’s fundamental appeal and potential.</p>
<p>BONK’s strategy went beyond mere token distribution. It effectively renewed interest in the Solana platform. Jakey stated that it encouraged developers and users to re-engage with the ecosystem. This move played a pivotal role in Solana’s broader recovery and growth trajectory.</p>
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   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
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    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
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<h2 class="wp-block-heading" id="bonk-s-current-market-position">BONK’s Current Market Position</h2>
<p>While BONK’s ecosystem contributions are noteworthy, its current market performance also merits attention:</p>
<p>Our recent analysis indicates that BONK has successfully broken out of a descending channel in the daily timeframe. This technical development is often interpreted as a bullish signal, suggesting the potential for further upward movement.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="555" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-1024x555.png" alt="" class="wp-image-519255" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-1024x555.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-300x163.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-767x416.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-1536x833.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-2048x1111.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-277x150.png 277w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-645x350.png 645w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45-788x427.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-45.png 1436w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: TradingView
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<p>The daily Relative Strength Index (RSI) for BONK currently stands at 54.7. This reading is particularly informative:</p>
<ul>
 <li>An RSI of 54.7 indicates that the token is in a balanced state.</li>
 <li>There’s still room for potential growth before reaching overbought conditions (typically considered at 70 or above).</li>
</ul>
<p>BONK’s 200-day Moving Average is $0.0000211, according to TradingView data. The 200-day moving average might help you understand long-term market movements.</p>
<p>The last day saw a 10% increase in BONK. The trading range for the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin is $0.00002342 – $0.00002675 over a 24-hour period. Leaving all price factors aside, BONK has demonstrated that meme coins can have an important effect beyond price volatility.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/this-solana-meme-coin-continues-to-outperform-dogwifhat-wif-and-bonk/" target="_blank" rel="noopener noreferrer nofollow">This Solana Meme Coin Continues to Outperform dogwifhat (WIF) and BONK</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/forget-bonk-price-for-a-second-heres-what-this-meme-coin-did-for-the-solana-ecosystem/" rel="noopener noreferrer nofollow">Forget BONK Price For a Second – Here’s What This Meme Coin Did for the Solana Ecosystem</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Forget BONK Price For a Second – Here’s What This Meme Coin Did for the Solana Ecosystem

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