Altcoin investors have been navigating a turbulent market, with risk appetites dwindling amid Bitcoin's fluctuations. Despite the buzz around a new ETF application, SOL Coin's modest 8% rise today fell short of expectations. Such news would typically trigger a surge of over 20%. This backdrop sets the stage for a deeper dive into the potential of BONK, APE, and MANA coins. BONK Coin, in particular, has captured attention with its remarkable 25,000% increase from its low price at the end of 2022. As investors seek opportunities, understanding the dynamics and future prospects of these altcoins becomes crucial.

BONK Coin Analysis

Few crypto ventures emerge with a claim and actually achieve it. BONK Coin succeeded. SOL Coin price dropped below $15 and hit lows around $8. However, the BONK Coin team emerged in early 2023 amidst massive losses. The core story was to somewhat compensate for the losses of the SOL Coin community. They partnered with many NFT projects and conducted free airdrops.

So, what was the result? It saw an increase of over 25,000% from its low price at the end of December 2022 and the beginning of 2023. Even now, despite being well below its peak, it maintains a 25,000% gain. In March 2023, it had a market value of just $4 million, and today it has a market value of $1.6 billion. So, the airdrop significantly healed the wounds. Of course, those who could wait for the delayed but massive rise at the end of 2023 managed to recover.

Recovering from the $0.00001817 base, BONK Coin can retest $0.0000279, but it needs to maintain $0.0000246 as support, where it faced sales today. Otherwise, it may relax back to the support region.

APE Coin Price Prediction

Metaverse interest waned, causing APE Coin to underperform. Although it was one of the most popular altcoins during its hype, it is not among the top 100 cryptocurrencies today. Ultimately, APE Coin hit a new low at $0.84. It is uncertain how long the selling will continue as it tends to make new lows. At the end of 2023, it lingered in this region and then jumped to $2.7 after reclaiming $1.17. If we are to see a recovery, it must reclaim the upward support it maintained this year.

MANA Coin Analysis

For those who made a long-term metaverse altcoin basket, MANA Coin turned into another nightmare. Last year, we mentioned how important the $0.28 support was, and the price managed to recover from it after several attempts. Although it didn’t drop as deep in this latest decline, the risk of falling continues as it hasn’t yet reclaimed $0.358.

The post first appeared on COINTURK NEWS: Investors Analyze Potential of BONK, APE, and MANA Coins