#With a 10-fold increase in 4 days, can Meme Bonk become the next Dogecoin?#
Bonk is called Dogecoin on the Solana chain by community users. Relying on AirDrop, "anti-Alameda" and reviving Solana DEX culture, it has become popular in the encryption community. As of January 4th, the price of Bonk was $0.00000154, a single-day increase of more than 50%, and a rise of more than 10 times since the beginning of the year.
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"Memes never die." The reason I initially entered the meme market was because I lacked confidence in making money from futures during a bear market. All altcoins were tied to Bitcoin, making it too difficult to make money on my own. While searching for a workaround, I stumbled upon the meme market. While on the meme market, I didn't have to worry about whether Bitcoin was going up or down, and I could focus solely on the tokens I held. While it might be different if the spot market were going up, I loved the fact that meme tokens weren't tied to Bitcoin and had their own independent movements. In a bear market, trading volume would dry up, and the meme market would be significantly different from before (in terms of difficulty), but good builders could emerge, and bad players could exit. I think the market could actually improve. I'm not sure about the Ether meme, but even when Bitcoin was stagnant and Solana was trading at $20 or $30, bangers burst out of the Solana meme. For example, doge and pepe on Ether and bonk on Solana were both born in bear markets. Strictly speaking, neiro, myro, wife, and moodeng also emerged from sideways markets.
memes
7.16%
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EliZ
02-03
$BONK Everything revolves around how the price closes the daily in that area. That box is not a level where you should force an idea, but an area where the market decides which side to take. If the price manages to hold the box, falls back and shows strength, there is nothing to anticipate. You wait, let the area be flipped and only then, calmly, go looking for the long trigger. Here, the advantage is clear: you only enter when the market confirms that it wants to stay above. If, on the other hand, the daily closes below the yellow box, the context changes. That same area ceases to act as support and becomes a possible selling zone. Again, you don't enter on impulse: you wait for the retest from below and, if the price is rejected, that's where the short makes sense. The plan is always the same, the logic doesn't change. Only the direction changes. You don't choose whether to be long or short: it's the price that tells you when and which way to move.
BONK
1.12%
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