In this article we look at the latest news regarding crypto projects Floki, Kaspa and Bonk,
We then go on to take a look at the charts of the 3 coins, trying to analyze their respective situations at the price level.
Among the 3 crypto assets, there is one in particular that is attracting a lot of market attention given its latest performance.
Let’s take a look at all the follow-up details.
Summary
The latest news for the Floki, Kaspa and Bonk crypto projects.
Starting with the Floki memecoin, we can see from its official X profile that a guerrilla marketing campaign involving various members of the crypto community ended yesterday.
Members of the group could apply for the competition and come up with creative and unconventional ways to promote the Floki brand, with a chance to win a cash prize. The winners were chosen by the coin holders, who through their voting in the governance section posted their preferences.
User “XFloki21” won first place by securing the sum of $12,000 as a reward for outfitting his entire gym in Santa Cruz with FLOKI-themed products such as logos, QR codes, gadgets and a definition of what the cryptocurrency represents.
Turning instead to Kaspa, the latest in the last few hours tells us that the crypto has been listed on the Australian exchange Coinstash, opening it up to new and untapped markets.
On the Spring Hill-based exchange, it will now be possible to swap the KAS coin for the Australian dollar AUD in the spot market.
Also through the platform’s internal swap function, it will be possible to easily convert crypto with BTC, ETH and USDT.
It is important for Kaspa to get to cover several different trading venues around the world like the one in Australia: the listing on Coinstash is a great milestone for a project that is increasingly making waves.
Finally with regard to Bonk, it is worth mentioning the recent partnership struck with Hxro Network with which a token exchange will be carried out in their respective treasuries as an attempt to align and unite the two crypto communities.
A total of $100,000 in HXRO and BONK will be exchanged and each treasury will lock up the purchased token for a few years so as to demonstrate its transparency and good intentions in this affiliation.
BONKDAO thus joins the Hxro ecosystem, helping to propel Hxro Network on its path toward progressive and sustainable decentralization.
In between there are also purely economic interests for HXRO stakers on Raydium, Solana‘s internal protocol, who are rewarded with yields in USDC, esHXRO and BONK.
Price analysis for the 3 cryptographic tokens
We now come to the price sphere, where the 3 crypto assets FLOKI, KAS, and BONK have made interesting performances.
As for FLOKI, we can see that for about a month the coin has been trapped within the $0.000025 and $0.00004 trading range, without being able to take a predominant direction.
The crypto had been in a depressed phase for most of 2023, before registering a strong pump during Bitcoin‘s rally after rumors inherent in the likely approval of a spot ETF.
After prices recovered, FLOKI found a support zone near current values at $0.000032, pending decisions on what to do next.
It should be noted that prices have remained remarkably high after doubling within 2 weeks in October, without hinting at any particular retracement.
This underscores the strength of the memecoin right now, which if it attacks the $0.00004 level could prevail in the clash and move to the next level.
Watch also, however, for the lower side of the trading range because if broken, it could give way to a potentially dangerous reversal.
Still, the odds play in favor of a bullish continuation.
On crypto KAS, on the other hand, we can see a clearly bullish trend that has dominated throughout 2023 and is expressing its full potential in the last quarter of the year.
In January the price of KAS was $0.005 while now it has reached the incredible figure of $0.13. This is an extraordinary increase of about 26 times the initial value.
The coin’s market capitalization has now reached $2.8 billion, such that it places KAS inside the top 30 of the most highly valued assets in the cryptographic industry.
Right now it has even surpassed the likes of Cronos, Aptos and Optimism.
The price action is still blatantly bullish for the Kasta token but a price correction could easily come soon, which is essential for the upward climb to continue.
It will be interesting to see if KAS can close the year above the psychological $0.1 threshold.
Before returning to a bearish outlook instead, the currency would have to fall below $0.55.
Coming finally to BONK we can see a price trend that is absolutely anomalous but has strongly attracted the attention of crypto investors.
Although in fact in the case of KAS the bullish trend was clear and linear throughout 2023, in the case of BONK the year was purely bearish until roughly mid-October, when the coin began an out-of-character upward run.
In just five weeks, BONK saw its value increase about 22X, reaching close to 30X in the following week.
Out of all rules and conceptions of financial markets, crypto with its rally is carving out a place of honor within the group of dominant memecoins in the industry.
Opening positions right now on the coin is like playing the lottery: beware, however, of the respective $0.0000057 and $0.000003 levels, which if broken could give room for unidirectional price movements.
