Bonk To Catch Up To Dogecoin, Shiba Inu Or Will The 'Chop' Continue?

Bonk (CRYPTO: BONK) continues to chase Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), performing slightly better than its two bigger rivals over the past 24 hours.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Bonk (CRYPTO: BONK)	$0.00003949	$2.98 billion	+2%	-8.4%
Dogecoin (CRYPTO: DOGE)	$0.4148	$60.9 billion	+0.2%	-8.1%
Shiba Inu (CRYPTO: SHIB)	$0.0000288	$16.9 billion	+0.2%	-10.1%

Trader Notes: Crypto trader Cold Blooded Shiller noted Bonk chart is reflecting a huge weekly retest:

The $BONK chart is another one that's just a huge Weekly retest. pic.twitter.com/J4fc4LhsyQ
— Cold Blooded Shiller (@ColdBloodShill) December 11, 2024

Trader Altcoin Sherpa expects a reversal after the current “chop” sideways price action:

$BONK ok now we resume up only after some chop https://t.co/J0nshfPpbe pic.twitter.com/pmpkwJJmN3
— Altcoin Sherpa (@AltcoinSherpa) December 10, 2024

Crypto trader Kadense Pengu explained Bonk consolidated for an entire year and is expected to climb to newer heights. Chimp of the North says the Bonk chart is "magnificent."

Community News: Bonk officially announced a BURNmas update wherein 203.75 billion BONK will be burned on Christmas day, sparking speculation amongst traders if it leads to a price rally by year-end.

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Image: Shutterstock

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