Bonk And Myro Price Increases Significantly
Amid an exceptionally bullish week for the entire cryptocurrency market, meme coins based on the Solana blockchain are achieving outstanding success, most notably Bonk and Myro pumping up 11% and 41% respectively. In this context, the potential new meme coin Smog has left both cryptocurrencies in the dust, recording a growth of up to 52% today alone. This new token is currently preparing for a very generous airdrop, preparing to attract extreme excitement from the crypto investor community.
Bonk And Myro Explode As Solana Blockchain Continues To Show Strength
The Solana ecosystem is creating huge price momentum this week, the clearest evidence being that the SOL cryptocurrency has increased by 23%. SOL saw its market capitalization increase by more than $10 billion last week, and significant liquidity increases are also coming to Bonk and Myro.
Solana is performing impressively after its first network outage in nearly a year last week.
However, analysts and community members have become even more optimistic about SOL's bullish prospects since the outage.
Leading global cryptocurrency research firm Kaiko said the project's response to the outage was "another sign of explosive power," in a new report published Monday.
This positive sentiment has spread to meme coins, pushing BONK price towards local resistance at the $0.000014 mark.
Currently, Bonk's price is up 11.2% today, and up to 36% this week, but is still down 7.24% for the month as a whole. Bonk is also down 59% from its ATH peak price reached on December 15, 2023 of $0.00003419.
But with its recent strong growth momentum, leading cryptocurrency analysts agree that Bonk's future prospects are very good.
Saint Pump's expert analysis believes that Bonk has "clear, unbreakable horizontal growth support".
Although Saint Pump did not provide a detailed forecast for Bonk's near-term price, the analyst pointed out that Bonk has broken out of a descending triangle, a move that is typically followed by a reversal in direction. price increase.
Meanwhile, The Trading Wizard also posted a similar chart idea on TradingView, speculating on Bonk's upcoming potential ATH.
“Bonk has finally broken out of the descending triangle after nearly two months of consolidation. Ideally, Bonk price will retest the current support zones and resume the upward movement. I am very optimistic about Bonk's growth prospects as the altcoin season approaches,” said the analyst.
Moving to Myro, the coin's price is up 41% today, and up 61% this week. In contrast, over the long term, the Myro price has dropped 32% this month, and 65% from the ATH peak of 0.2607 USD reached on January 19, 2024.
Similar to meme coin Bonk, analysts also highly appreciate Myro's growth potential, predicting this coin will soon reach its peak in the near future.
In a popular tweet, community member Myro Henok said: “MYRO price is about to go parabolic and break its ATH. Time is running out and we haven't even begun to participate in the bull race.”
Meanwhile, famous cryptocurrency analyst XENsm speculates that Myro is aiming for a peak of $0.24, which would represent nearly three times the growth from its current price. “Myro is about to explode,” the analyst emphasized.
But while the two meme coins Bonk and Myro both achieved notable growth, the newly launched Smog token achieved even more impressive growth, up more than 52% in the past 24 hours.
