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About KINGBONK

King Bonk (KINGBONK) is a cryptocurrency launched in 2024. KINGBONK has a current supply of 420,000,000.00Bn with 0 in circulation. The last known price of KINGBONK is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $21.46 traded over the last 24 hours. More information can be found at .
KINGBONK Price Statistics
KINGBONK’s Price Today
24h Price Change
-$02.39%
24h Volume
$21.46166.11%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6425
KINGBONK Market Cap
Market Cap
$0
Fully Diluted Market Cap
$138,304.49
KINGBONK Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
KINGBONK Supply
Circulating Supply
0
Total Supply
420,000,000.00Bn
Max Supply
420,000,000.00Bn
Updated Dec 11, 2024 9:06 pm
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KINGBONK
King Bonk
$0
$0(-2.39%)
Mkt Cap $0
There's nothing here for now
Bitcoin News: Bitcoin Faces Potential 35% Correction as Gold Fractal Signals Market Top
Bitcoin News: Bitcoin Faces Potential 35% Correction as Gold Fractal Signals Market Top
Bitcoin’s (BTC) remarkable rally in 2024, surging over 132% year-to-date, could face a significant correction, with market indicators pointing to potential bearish trends ahead. The cryptocurrency’s performance against gold, a historical measure of speculative overextension, is hitting resistance levels that previously preceded bear markets in 2018-2019 and 2021-2022.Bitcoin-Gold Ratio Signals TroubleAnalysts, including veteran trader Peter Brandt, highlight the Bitcoin-to-Gold ratio (BTCUSD/GC1!) climbing into the critical resistance range of 34–37. Historically, this zone has marked local market tops and been followed by sharp Bitcoin price corrections.Adding to concerns, the ratio’s weekly relative strength index (RSI) has breached the overbought threshold of 70, signaling potential overextension. Such a pattern was evident in March 2024, when Bitcoin (BTC) peaked at $74,000, followed by a 33% drop.Similarly, Bitcoin’s all-time high of $69,000 in November 2021 coincided with the ratio touching this resistance, leading to a 75% correction during the subsequent bear market.How Low Could Bitcoin Go?If historical patterns hold, Bitcoin (BTC) may test its 50-week exponential moving average (EMA) as a downside target. Currently, this aligns with the $65,000–$69,000 range, implying a potential 30-35% correction from its current levels by early 2025.Bitcoin is already showing signs of resistance near the $102,000 level, which coincides with the 1.618 Fibonacci retracement level. A break below this threshold could accelerate the downward trajectory toward the 50-week EMA.Potential Upside ScenariosDespite bearish signals, a breakout above $102,000 could defy historical patterns, setting Bitcoin (BTC) on course for a rally toward $150,000. Such a move would invalidate the current bearish fractal, lifting the Bitcoin-to-Gold ratio above its 34-37 resistance zone and extending bullish momentum.Bitcoin’s (BTC) current market dynamics underscore a critical juncture for the cryptocurrency. As its relationship with gold signals overvaluation, traders are advised to exercise caution. Whether Bitcoin continues its ascent or retraces to historical support levels will largely depend on its ability to break through key resistance points and sustain bullish momentum.
Dec 11, 2024 9:03 pm

Frequently Asked Questions

  • What is the all-time high price of King Bonk (KINGBONK)?

    The all-time high of KINGBONK was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of King Bonk (KINGBONK) is 0. The current price of KINGBONK is down 0% from its all-time high.

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  • How much King Bonk (KINGBONK) is there in circulation?

    As of , there is currently 0 KINGBONK in circulation. KINGBONK has a maximum supply of 420,000,000.00Bn.

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  • What is the market cap of King Bonk (KINGBONK)?

    The current market cap of KINGBONK is 0. It is calculated by multiplying the current supply of KINGBONK by its real-time market price of 0.

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  • What is the all-time low price of King Bonk (KINGBONK)?

    The all-time low of KINGBONK was 0 , from which the coin is now up 0%. The all-time low price of King Bonk (KINGBONK) is 0. The current price of KINGBONK is up 0% from its all-time low.

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  • Is King Bonk (KINGBONK) a good investment?

    King Bonk (KINGBONK) has a market capitalization of $0 and is ranked #6425 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze King Bonk (KINGBONK) price trends and patterns to find the best time to purchase KINGBONK.

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