Bonk’s price has witnessed a massive decline in the past weeks, dropping from the November peak of $0.00006230 to $0.00001741 at the time of writing. That is a massive 72% drop in the past three months, making it one of the lowest-performing altcoins in the market.
The Bonk market cap has also shrunk in the same time frame from over $4B to $1.34B as per CoinMarketCap. With Bonk’s price struggling to hold support at $0.00001765, a drop below the mark could be catastrophic.
The technical indicators point towards increased bear momentum as investors search for alternative projects with high growth potential. Among the meme coins witnessing massive growth is ChowWow (CHOW), a new Solana-based meme coin that is promoting financial freedom for the masses through its play-to-earn and stake-to-earn model.
Bonk Price Analysis – Can BONK Recover in the Short Term
Looking at the Bonk price chart in Tradingview, if the bear trend continues, the meme coin price might decline further below the $0.00001580 critical support zone, which might also trigger another massive sell-off in the market. The RSI in the 1D timeframe is 31 (neutral), indicating that sellers are in control.
While the Moving Averages (MA) and Oscillator indicators are flashing sell signals, the MACD has confirmed a bearish crossover, indicating that momentum is shifting downwards, which confirms that bears are in control. The Fear and Greed index, which is 44 (Fear), further confirms that. The meme coin has recorded just 10 green days in the past 30 days.
As traders continue to monitor the Bonk crypto movement, crypto analyst Mayne, in a tweet on X, thinks that when strength returns to the market, the Bonk coin is one of the cryptos to watch out for. Mayne thinks that a reclaim of the $0.00002000 support could offer a good long-term setup. With the declining Bonk trading volume, the meme coin might drop further before witnessing a rebound.
Can ChowWow Price Hit 1000% in ROI in Q1?
Although meme coins are known for their pump-and-dump, there has also been increasing investment in them, with Donald Trump launching his meme coin on Solana last month. Unlike other coins like Bonk and Popcat, which thrive on FOMO, ChowWow (CHOW) is a project backed by a play-to-earn and stake-to-earn model.
In the past years, there has been rising interest in mobile gaming with over 40% of millennials preferring to play games where they can compete with one another. This is also notable in the crypto market chart where over 16 gaming tokens rank among the top 200 cryptos in CoinMarketCap.
ChowWow will take advantage of this by offering users a platform where they can play games and win rewards that can be converted to real-world assets. As per the tokenomics, 10% of the total supply is allocated for gaming rewards. Built on the Solana blockchain, ChowWow will have faster transaction processing and cheaper fees, ensuring a seamless gaming experience.
Meanwhile, users will earn up to 8 – 15% in APY reward for staking the CHOW token and providing liquidity to the ecosystem through the stake-to-earn feature. This reward will be distributed monthly. The project was inspired by the Chinese Chow Chow Dog breed, known for its lucky powers. In essence, ChowWow wants to bring luck and wealth to investors’ assets.
The CHOW token, which is in presale, powers the ecosystem. Sold for just $0.008, the CHOW coin holds strong utility in the ecosystem. Apart from being used to distribute rewards and cashback, it is also used for in-game purchases in P2E. Worth mentioning is that it is deflationary, with a buy-and-burn mechanism designed to decrease the supply. This could drive its adoption, making it the best meme coin to invest in 2025.
Bonk vs ChowWow – the Top Meme Coin With 10x ROI Potential in Q1
Bonk price has witnessed high volatility in the past weeks, with the technical indicators signalling no signs of a resurgence yet. The declining trading volume and market cap mean that investors’ confidence is low, suggesting it could dip further. However, the ChowWow presale is witnessing increasing adoption, triggered by its strong use case. With the presale at the nascent stage, the CHOW price might rally as high as 1000% before the end of Q1.
