Honk Price Prediction: HONK Pumps 25%, But Experts Say Consider This GameFi Newcomer For 100X Gains

The Honk price has pumped by 25% in the past 24 hours to trade at $0.0156 as of 2:13 a.m. EST. 

The recent popularity of Solana meme coins has seen Honk pocket some massive gains, recording an impressive 526% pump in the last 7 days.

Honk Price Prediction

Analyzing 30-minute HONK/USDT charts, we see that the Honk price is hovering near the lower Bollinger Band, which often indicates that the asset may be in a potentially oversold condition or that it is trading at low volatility.

The Relative Strength Index (RSI) is around 40, which is neither in the overbought (typically above 70) nor oversold (typically below 30) zones. This indicates that there is neither significant buying nor selling pressure at the moment.

Additionally, the Average Directional Index (ADX) with a value of 13.51, suggests that the current trend is weak hence the possibility of a correction. 

On the other hand, the Moving Average Convergence Divergence (MACD) line is below the signal line and both are trending downwards below the zero line, which could be indicative of a bearish momentum. The histograms are also increasing in size as they move in the negative region, which might suggest that bearish momentum is garnering traction.

30-minute HONK/USDT chart | Source: TradingView

Meanwhile, as bulls struggle to keep up the Honk price pump, Sponge V2, the successor to Sponge ($SPONGE), is emerging as a compelling meme coin alternative as it is ranked among 2024’s top meme coin picks.

Honk Price Prediction: Is Sponge V2 The Better Meme Coin?

Sponge V2 introduces several new elements, notably its groundbreaking Play-to-Earn (P2E) gaming feature that combines thrilling gaming experiences with user interaction.

Sponge V2 is soon to list on various global exchange platforms, offering a fresh opportunity for those who missed its 100x surge last year. 

After listing on major centralized digital currency exchanges like BitMart, LBank, and Toobit, SpongeV1 garnered upwards of 13,000 investors, pushing its market value beyond the $100 million mark.

To date, over $3.9 million in Sponge V2 tokens have been staked and bridged. 

Justin Sun Holds $SPONGE

During the past year, Tron’s creator Justin Sun has invested in $SPONGE coins, currently valued at over $90,000. This acquisition aligns with his recent declaration on X (formerly Twitter), indicating his commitment to meme coin ventures with promising profitability prospects.

Sponge V2 now Features a stake-to-earn model offering a remarkable 263% annual return. As Myro’s value continues to flounder, meme coin enthusiasts can engage in this endeavor to secure profitable outcomes.

Prominent YouTube influencer Conor Kenny, boasting over 178,000 subscribers, believes this project could eclipse Sponge V1 in fame and potentially yield 100-fold returns upon its introduction. To acquire Sponge V2, link your wallet to the SpongeV2 site and convert Ethereum or USDT into V2 tokens to procure Sponge V2 tokens. Alternatively, these tokens can also be purchased using a credit card.

To visit the official Sponge V2 webpage and buy the token, click here.

Related News

  • Myro Price Prediction: MYRO Plunges 16% As Investors Turn To This Meme Coin ICO With A 100X Track Record
  • Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024
  • Can Sponge V2 Experience a 100x Surge Similar to Sponge V1 Upon Its Launch in 2024? Conor Kenny Presale Review

Comments

Post a Comment

Popular posts from this blog

Manta Network battles DDoS attack after TGE as new Telegram bot steals the show

Manta Network battles DDoS post-MANTA launch; 135M RPC requests flood, causing delays. Bitbot revolutionizes retail trading on Telegram with non-custodial, AI-backed solutions. BITBOT token presale unfolds across 15 stages, offering investors a structured opportunity. In a whirlwind of recent events, Manta Network faced a DDoS attack right after the successful launch of its MANTA token, causing a stir in the crypto community. Meanwhile, Bitbot, a Telegram trading bot, is making waves by empowering retail investors. Jin us as we delve into the challenges Manta Network is facing and explore Bitbot’s mission to put institutional-grade tools in the hands of individual investors. Manta Network DDoS attack Manta Network, a modular blockchain protocol renowned for its focus on zero-knowledge (ZK) application development, encountered a significant setback shortly after the launch of its governance token, $MANTA. The network experienced a Distributed Denial o...
Read more

DOGE price prediction as expert forecasts target above $0.10

Image
With the previous week bringing gains for the cryptocurrency market, some digital assets displayed promising signals that might indicate their future movement. Dogecoin (DOGE) is one of those. The TD Sequential has recently generated a buy signal on the 3-day chart for Dogecoin. The probability of a resurgence to $0.100 or beyond appears favorable, contingent upon the sustained stability of the $0.074 support cluster, per a post on X by crypto analyst Ali Martinez on January 14. TD sequential for Dogecoin on a 3-day price chart. Source: Ali Martinez The TD sequential is a robust tool crafted to pinpoint the precise moment of trend fatigue and subsequent price reversal. As a counter-trend instrument, it addresses the limitations observed in various technical Analysis indicators that prove profitable in trending markets but exhibit suboptimal performance in sideways or ranging markets. Another technical indicator is not so optimistic Many technical indicators should be employed t...
Read more

IRS, Treasury temporarily waive business crypto reporting requirements

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that American business es do not have to report their receipts in crypto currencies the same way they do with cash. However, the regulators noted the exception will only last “until Treasury and IRS issue regulations.” “Treasury and the IRS intend to issue proposed regulations to provide additional information and procedures for reporting the receipt of digital assets, giving the public an opportunity to comment both in writing and, if requested, at a public hearing.” The IRS The announcement does not impact the rules in place before the Infrastructure Investment and Jobs Act for reporting cash received in the course of a trade or business, the IRS said, adding that cash transactions over $10,000 received in a trade or bu...
Read more