Following the recent crypto market crash, the meme coin market is still in the recovery phase. Having faced severe bearish pressure in the past weeks, Bonk’s price has dropped below the crucial $0.000020 support zone. The Bonk market volume has also declined significantly, suggesting that investors are cautious about investing in the project.
While Bonk continues to struggle, the ChowWow (CHOW) presale has continued to witness massive adoption. This rising interest is attributed to the unique features like the play-to-earn and stake-to-earn models that are aimed at rewarding users in the ecosystem. With this growing demand, there are high expectations of the CHOW price surging as high as 50x in presale.
What you'll learn 👉
Bonk Price Prediction — When Will BONK Break the Bear Trap?
Bonk price has dropped by 73% from the November high of $0.00006230, confirming the high volatility of the meme coin market. At the time of writing, Bonk coin price is hovering at $0.00001773, a crucial support level that aligns with the early November lows before the market rally. A drop below the mark could trigger further bearish sentiment which might lead to more selloffs.
However, if the Bonk crypto price is able to break through the $0.000020 resistance zone, it might mount a retest of the $0.000025 mark. Currently, the possibility of a rally is slim as the Bonk trading volume has dropped from over $1B in the middle of January to $152M as per stats. The RSI in the 1D timeframe is 33 (neutral), confirming that sellers are in control.
There is also a noticeable bearish MACD crossover indicating that momentum is shifting downwards, which further confirms that bears are in control. However, crypto analyst Mayne maintained that if Bonk’s price is able to reclaim the $0.000020 support level, it might witness a rally. Coinglass data shows that Open Interest has increased slightly by 2%, indicating that Bonk might have hit the bottom. As such, traders are taking a long position once again.
ChowWow Token Demand Rises As Investors Eye Massive ROI
The ChowWow (CHOW) presale token demand has continued to rise as it continues to make waves across the meme coin market. Unlike other meme coins like Bonk and PopCat which thrive on pump and dump, ChowWow is a project that hosts a unique play-to-earn and staking model that seeks to reward active community members for completing tasks.
Inspired by the Chinese Chow Chow dog breed known for its lucky powers, ChowWow’s mission is to bring luck and prosperity to investors’ assets. ChowWow wants everyone to build wealth in crypto and not just institutions like BlackRock. Through the play-to-earn model, players are rewarded for in-game achievements which can be converted to attain real-world value.
The stake-to-earn model rewards users for staking their tokens and providing liquidity to the ecosystem. With the interest paid monthly, users can earn up to 8 – 15% in APY, boosting investors’ portfolios. As per the tokenomics, 10% is allocated for in-game rewards, 10% for staking rewards, 50% for presale, and 5% for airdrops and other community activities at launch.
Built on the Solana Network, ChowWow will inherit the network’s fast transaction speed and cheaper fees, ensuring a seamless gaming experience. The native token CHOW is used for in-game purchases and other reward mechanisms, which will drive its demand. Sold for just $0.008, the CHOW token is deflationary with a buy-and-burn mechanism designed to stabilize the price.
Given the upcoming scarcity, the principles of demand and supply might play out triggering massive rallies. As such, it could hit 10x in presale and 100x on launch, making it one of the best meme coins to invest in for huge returns in 2025.
BONK vs ChowWow — the Meme Coin With 10x Potential
Bonk has dropped significantly with some claiming the meme coin is yet to hit the bottom. With the way it is hovering within the support zone, it might drop further as the market activity continues to shrink. However, ChowWow is just starting and with high growth potential. Given the rising interest in gaming coins with over 16 gaming tokens among the 200 coins in CoinMarketCap in 2024, the CHOW adoption rate will surge soon. Adding to the presale advantage, CHOW is one of the top meme coins to buy in this nascent state.
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
