Solana-based meme coin Bonk has undertaken a huge +80% price explosion, fuelling FOMO amongst retail traders left asking – is it too late to buy BONK?
BONK’s huge pump appears to have been triggered by the announcement of an upcoming Coinbase listing, set for later today at 9AM PT on December 14.
Trading will begin on or after 9AM PT on 14 December 2023, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our BONK-USD trading pairs will launch in phases. Support for BONK may be restricted in some supported jurisdictions.
— Coinbase Assets (@CoinbaseAssets) December 13, 2023
With traders flocking to take position in BONK ahead of the top exchange listing, BONK has now surged to become the third biggest meme coin by market cap.
BONK Price Analysis: Is It Too Late to Buy BONK Token After Major Coinbase Pump?
As price action continues to hammer-high, BONK is currently trading at a market price of $0.00001539 (representing a 24-hour change of +19.29%).
This comes after a multi-day consolidation between December 8 and December 13, which saw BONK establish a strong local support zone above $0.0000091.
With BONK now pushing high into price exploration territory, the question emerges – will the Coinbase listing be a buy-the-news or sell-the-news event?
Technical structure offers some clues, the aggressive rally over the past-24 hours has created major divergence between BONK price and the 20DMA (a difference of +92%).
This weakens ongoing chart structure, and this is reflected in the severely overheated RSI, which is currently reading at 78.90, suggesting a major retracement move is overdue.
Meanwhile, the MACD continues to display minor bullish divergence, with a current reading at 0.0000006156 – reflecting the immense momentum underpinning price action.
Overall, BONK looks bullish heading into the listing, but technical structure and indicators suggest a retracement is needed – adding weight to the idea that the official Coinbase BONK listing could be a sell-the-news event.
BONK remains with an upside target at $0.0000175 (a potential +14.52%).
While downside risk could see BONK return to lower support at $0.0000091 (a possible -40.45%).
BONK therefore carries a risk: reward ratio of 0.36 – a terrible late-stage entry suggesting it could be too late to buy BONK on the short-time frame.
However, while markets are on edge for BONK, a promising new Telegram-based crypto casino is emerging as a popular end of year play ahead of its highly anticipated launch.
Top BONK Alternative? This GambleFi Crypto Presale Just Accelerated Past $3.4M Raised
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $3,965,607 raised in just a few weeks (79.3% of the total fundraising goal), here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the crypto casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms BONK Price Pump
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 182%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 182% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Buy $TGC Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post Is It Too Late to Buy Bonk? BONK Price Soars 80% as Telegram-Based Crypto Casino Approaches Launch – Next Big Thing? appeared first on Cryptonews.
