Analysts Warn Hot New Memecoin Bonk Could See 50% Crash Despite 1200% Rally
• Altcoin Bonk (BONK) has rallied over 1200% recently but may crash 50% in 4-6 weeks according to analyst Pentoshi • Pentoshi correctly predicted the top of the 2021 Bitcoin bull market • Other analysts like Michaël van de Poppe also warning that Bonk could soon correct • Social media hype and discussions about Bonk are soaring, signaling a potential trend reversal • Analysts compare current interest in Bonk to the 2021 Dogecoin mania, but warn investors to be cautious of overhyped memecoins