Solana

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

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The Honk value has pumped by 25% previously 24 hours to commerce at $0.0156 as of two:13 a.m. EST. 

The latest reputation of Solana meme cash has seen Honk pocket some large beneficial properties, recording a formidable 526% pump within the final 7 days.

Honk Worth Prediction

Analyzing 30-minute HONK/USDT charts, we see that the Honk value is hovering close to the decrease Bollinger Band, which regularly signifies that the asset could also be in a doubtlessly oversold situation or that it’s buying and selling at low volatility.

The Relative Energy Index (RSI) is round 40, which is neither within the overbought (sometimes above 70) nor oversold (sometimes beneath 30) zones. This means that there’s neither vital shopping for nor promoting stress in the meanwhile.

Moreover, the Common Directional Index (ADX) with a worth of 13.51, means that the present pattern is weak therefore the potential for a correction. 

However, the Transferring Common Convergence Divergence (MACD) line is beneath the sign line and each are trending downwards beneath the zero line, which might be indicative of a bearish momentum. The histograms are additionally growing in measurement as they transfer within the unfavourable area, which could counsel that bearish momentum is garnering traction.

30-minute HONK/USDT chart | Supply: TradingView

In the meantime, as bulls wrestle to maintain up the Honk value pump, Sponge V2, the successor to Sponge ($SPONGE), is rising as a compelling meme coin various as it’s ranked amongst 2024’s top meme coin picks.

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Honk Worth Prediction: Is Sponge V2 The Higher Meme Coin?

Sponge V2 introduces a number of new components, notably its groundbreaking Play-to-Earn (P2E) gaming characteristic that mixes thrilling gaming experiences with person interplay.

Sponge V2 is quickly to record on varied world alternate platforms, providing a contemporary alternative for many who missed its 100x surge final yr. 

After itemizing on main centralized digital foreign money exchanges like BitMart, LBank, and Toobit, SpongeV1 garnered upwards of 13,000 traders, pushing its market worth past the $100 million mark.

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

Justin Solar Holds $SPONGE

Throughout the previous yr, Tron’s creator Justin Solar has invested in $SPONGE cash, at the moment valued at over $90,000. This acquisition aligns along with his latest declaration on X (previously Twitter), indicating his dedication to meme coin ventures with promising profitability prospects.

Sponge V2 now contains a stake-to-earn mannequin providing a outstanding 263% annual return. As Myro’s worth continues to flounder, meme coin fanatics can have interaction on this endeavor to safe worthwhile outcomes.

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Outstanding YouTube influencer Conor Kenny, boasting over 178,000 subscribers, believes this venture may eclipse Sponge V1 in fame and doubtlessly yield 100-fold returns upon its introduction. To amass Sponge V2, hyperlink your pockets to the SpongeV2 website and convert Ethereum or USDT into V2 tokens to acquire Sponge V2 tokens. Alternatively, these tokens can be bought utilizing a bank card.

To go to the official Sponge V2 webpage and purchase the token, click on right here.

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