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AI predicts BONK price for May 1, 2024

AI predicts BONK price for May 1, 2024

Bonk(BONK) has been making significant moves in the last 7 days to the point that it is, at press time, the best-performing top 100 cryptocurrency within the time frame.

Indeed, while overshadowed to an extent by newer meme coins such as Dogwifhat (WIF) in the 2024 crypto bull market, Bonk has been offering decent performance throughout and is, on top of its 75% 7-week climb, 81% in the green year-to-date (YTD).

Additionally, BONK is set to expand its audience with the neo-banking platform Revolut is enabling trading of the meme coin this April.

With the recent and upcoming developments in mind, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of a platform specializing in forecasting future cryptocurrency prices – PricePrediction – on where Bonk might stand on May 1, 2024.

AI forecasts BONK’s May 1 price

According to the AI, Bonk will trade ever so slightly higher and with relative stability throughout the rest of April and climb to $0.000026 by May 1 – approximately 6.38% up from its press time price of $0.00002444.

AI estimate for BONK on May 1. Source: PricePredictions

It is also forecast to start slumping shortly after and drop to $0.000025 by May 2, indicating that the April stability might not hold despite the predicted price representing a 0.229% upside from the April 25 values.

Analysts are, however, substantially more bullish on the popular Solana (SOL) meme coin. Benjamin, a crypto analyst on X, found that having broken out after forming a symmetrical wedge, BONK is set to retest an all-time high (ATH).

BONK’s breakout from wedge toward ATH. Source: @benjaminxbt

Similarly, InvestingScope, an expert active on TradingView, estimates that Bonk is set for a surge toward $0.000065 – a 165.83% upside – having risen above its 50-day moving average (MA).

Forecast for BONK surge toward $0.000065. Source: InvestingScope & TradingView

BONK price chart

While it isn’t certain BONK will indeed soon surge 165% – or 6% for that matter – its recent performance has been exceptionally strong. The meme coin is 75% in the green on the weekly chart – though it did decline 7.84% on the daily chart indicating its crypto market strength may not be sustained.

BONK 7-day price chart. Source: CoinMarketCap

The longer time frames are, however, more positive despite the high volatility. Bonk rose a significant 81% since January 1 and is up as much as 3,904% in the last 52 weeks. 

BONK price today, at press time, stands at $0.00002444.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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