Flipster Partners with BONK to Launch New Rewards Campaigns

Flipster partners with BONK to launch new rewards campaignsNAIROBI (CoinChapter.com) — Flipster, a platform in the crypto derivatives market, has partnered with the meme coin community BONK to launch new community-driven campaigns. The partnership includes a Launchpool event where participants can stake BONK tokens and trade for a chance to win a share of a daily 6,000 USDT reward.

The event would run from July 15 to July 20, 2024, and incorporate a multiplier based on trading volume.

BONK x Flipster Meme Contest

Alongside trading incentives, Flipster and BONK have initiated a meme contest, tapping into the meme culture within the crypto community. The contest offers a total of 5,000 Flipster Bonus as prizes, available to 25 participants, with each winner gaining 200 bonus points.

BONK and Flipster partnership. Source: XParticipation requires following both BONK and Flipster on X, liking and quoting the official contest post with a custom meme, and using the hashtag #BONKOnFlipster. Winners will be selected based on the popularity of their memes, measured by reposts and comments, with ten participants randomly chosen to receive prizes.

BONK Surges 7%, Analyst Eye 439%

Over the last 24 hours, BONK’s market cap grew by 7%, reaching $2 billion. At press time, BONK/USD traded at $0.00002811, marking a 6.11% increase. Despite a bearish trend following its peak at $0.00004474 on May 27, recent bullish momentum suggests a possible trend reversal for the memecoin.

Analysts predict that if the momentum continues, BONK could aim for the $0.00003654 level.

BONK/USD 1-day price chart. Source: TradingViewThe Relative Strength Index (RSI) for BONK increased to 67.74, while the Chaikin Money Flow (CMF) surged, indicating increased capital inflow. However, According to Santiment data, the Weighted Sentiment around BONK stands at -0.49. This negative reading reflects predominantly bearish social media discussions, suggesting potential challenges in sustaining the current bullish trend.

Bonk 1-week price chart. Source: Alex ClayAlex Clay, a crypto analyst, notes that BONK/USDT is accumulating inside an ascending triangle, indicating potential for further upside. Clay targets $0.00007430, $0.00011270, and $0.00015150 for BONK, highlighting the coin’s potential for significant growth if current trends continue.