How Dogecoin (DOGE) and Bonk (BONK) Will React to Upcoming Bitcoin Halving?

Cryptocurrencies often move in patterns tied to Bitcoin’s notable events. The halving is approaching, and investors are keenly observing its potential impact on the market and especially coins like Dogecoin and Bonk.

This article delves into the anticipated reactions of these tokens to the impending Bitcoin halving, as the bull run of 2024 is set to unfold.

BlastUP Presale: The 1st Launchpad in the Blast Ecosystem is Live!

BlastUP is a pioneering launchpad on Blast, the cutting-edge Layer 2 solution that has rapidly reached $1 billion total value locked in just 35 days. BlastUP’s success is also evident, as it has swiftly raised $4 million in just a few weeks, capturing the attention of savvy early investors.

BlastUP champions the motto “Grow faster, earn more.” The primary goal of this launchpad is to reduce entry barriers for blockchain startups, ensuring they are equipped for success right from the beginning.

The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.

>> Grow Faster and Earn More with BlastUP! <<

BlastUP token holders can enjoy exclusive benefits like access to an Airdrop, special rewards in IDOs, and the opportunity to earn interest through staking.

As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community, supporting early-stage startups. BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem.

BlastUP’s roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem’s capabilities.

>> Join BlastUP Presale NOW to Unlock Early Benefits <<

Solana’s Current Trends and Potential Upside

Solana has been fluctuating between $187.3 and $210.62 recently. Looking at the price change over the last week, SOL dipped by 1.77%, suggesting a slight downward movement.

However, on a monthly view, it jumped by 37.25%, and an impressive 681% over the past six months.

Despite a recent pullback, the long-term trend looks strong. The current price action seems more corrective than impulsive, moving sideways rather than in a clear direction.

Considering SOL’s current performance and technical levels, the potential for growth exists, with the next resistance level at $218.61. If Solana breaks above this, it could aim for the second resistance at $241.93.

However, the RSI and Stochastic hint at a cautious stance, indicating that momentum isn’t overpowering right now. If Solana were to drop, it might find support at $171.97, with a further safety net at $148.65.

NEAR Protocol: Bounce or Break? Price Movements in Focus

NEAR Protocol has seen noticeable price action with a one-week drop of about 8%. Over the past month, however, it has jumped over 50%.

An impressive six-month rally has taken it up by over 500%. Currently, NEAR floats between $6.74 and $7.98. Movement is more corrective following the recent highs.

Looking ahead, NEAR could aim for its nearest resistance of $8.67 if momentum picks up, but obstacles stand firm at the second resistance of $9.91.

On the downside, protection at $6.18 may cushion falls, with a stronger safety net near $4.93. Balancing hope with caution, NEAR’s journey will depend on market sentiment and adoption progress.

Conclusion

With Bitcoin halving on the horizon, Dogecoin and Bonk may see limited short-term growth potential compared to BlastUP.

BlastUP stands out due to its innovative concept and ties to the expanding Blast ecosystem. This positions BlastUP with the highest potential among the mentioned projects, marking it as the one to watch as the market adjusts to forthcoming changes.

Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io