PONKE Next Blue Chip Meme Coin
PONKE is setting up to become the next big meme coin from the Solana ecosystem that will enter the TOP 100 cryptos in the next few months and from all the top Meme coins has the most potential for highest gains in my opinion.
Some key points to note
Solana ETF just got announced adding value to Solana and the entire ecosystem, especially it's top tokens in which PONKE happens to be one of the top meme coins on Solana
Crypto.com listing adds even more legitimacy to PONKE, greater liquidity and easy access to US investors to buy with USD. Crypto.com listing also paves the way for other tier 1 exchange listings (e.g Binance and Coinbase) leaving lots of room for growth even at these prices.
Marketing with MEME tokens is one of the most important factors and PONKE marketing has been top notch and been one of the only tokens to breach past traditional Web3 marketing and excel across traditional Web2. Reals across Instagram and TikTok have generated millions of views and almost every meme coin now has or is attempting to copy PONKE marketing strategy in some way. PONKE marketing has also not shown a decline rather and increase these last few months while also expanding (e.g marketing to the EURO cup).
Resistance Points
I see 3 key resistance points as outlined in the graph.
First key resistance point would be the green line at around $0.56 cents (PONKE previous ATH) I see this resistance as being the lightest and could see PONKE break past this any day. I potentially see a reverse head and shoulder forming at this range in which we could see it take slightly longer to break past this range while some people get shaken out. This largely depends on how the current market/BTC moves.
Second key resistance would be $1.30-1.50ish range which would depend how fast we break the first key resistance point. This would be the around 600MIL-750MIL range right before entering top 100 crypto tokens at which point I expect decent amount of profit taking to happen at this range for a few reasons (Traditional TA, any sort of potential FUD, securing profits/initals, traders getting shaken out, etc...)
Third key resistance would be around $3.80-$4 range (although this area could be alot harder to predict as I would expect this to be a parabolic move and we could see much higher depending on circumstance) At this point I would expect Binance listing to have happened and potentially even Coinbase listing along with breaking into the top 100 crypto tokens. This price also alines with WIF current MC but as stated earlier could see potentially higher (e.g hitting Pepe current MC would give us about $9 price point, although I think this would require alot of stars to aline for this to happen in one runup)
Final Thoughts
I'm a big fan of PONKE and hold a decent amount, I look at it as the PEPE of the Solana ecosystem. This was just a quick writeup and didn't really go through any potential bear cases in detail, although I tried to be realistic in my analysis, I am probably biased and also at the end of the day I'm just a crypto degen and nothing is guaranteed. When dealing with meme tokens should be more careful and only play with what your willing to loose.
Some key points to note
Solana ETF just got announced adding value to Solana and the entire ecosystem, especially it's top tokens in which PONKE happens to be one of the top meme coins on Solana
Crypto.com listing adds even more legitimacy to PONKE, greater liquidity and easy access to US investors to buy with USD. Crypto.com listing also paves the way for other tier 1 exchange listings (e.g Binance and Coinbase) leaving lots of room for growth even at these prices.
Marketing with MEME tokens is one of the most important factors and PONKE marketing has been top notch and been one of the only tokens to breach past traditional Web3 marketing and excel across traditional Web2. Reals across Instagram and TikTok have generated millions of views and almost every meme coin now has or is attempting to copy PONKE marketing strategy in some way. PONKE marketing has also not shown a decline rather and increase these last few months while also expanding (e.g marketing to the EURO cup).
Resistance Points
I see 3 key resistance points as outlined in the graph.
First key resistance point would be the green line at around $0.56 cents (PONKE previous ATH) I see this resistance as being the lightest and could see PONKE break past this any day. I potentially see a reverse head and shoulder forming at this range in which we could see it take slightly longer to break past this range while some people get shaken out. This largely depends on how the current market/BTC moves.
Second key resistance would be $1.30-1.50ish range which would depend how fast we break the first key resistance point. This would be the around 600MIL-750MIL range right before entering top 100 crypto tokens at which point I expect decent amount of profit taking to happen at this range for a few reasons (Traditional TA, any sort of potential FUD, securing profits/initals, traders getting shaken out, etc...)
Third key resistance would be around $3.80-$4 range (although this area could be alot harder to predict as I would expect this to be a parabolic move and we could see much higher depending on circumstance) At this point I would expect Binance listing to have happened and potentially even Coinbase listing along with breaking into the top 100 crypto tokens. This price also alines with WIF current MC but as stated earlier could see potentially higher (e.g hitting Pepe current MC would give us about $9 price point, although I think this would require alot of stars to aline for this to happen in one runup)
Final Thoughts
I'm a big fan of PONKE and hold a decent amount, I look at it as the PEPE of the Solana ecosystem. This was just a quick writeup and didn't really go through any potential bear cases in detail, although I tried to be realistic in my analysis, I am probably biased and also at the end of the day I'm just a crypto degen and nothing is guaranteed. When dealing with meme tokens should be more careful and only play with what your willing to loose.
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