Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Bonk price prediction remains bullish as BONK’s value surges by 30% in just a week, sparking discussions about the potential for it to reach the $1 mark.

Amidst the vibrant landscape of digital currencies, BONK distinguishes itself with a notable increase of nearly 4% in the past 24 hours, positioning it at the #78 rank according to CoinMarketCap.

With a live market cap nearing $842.9 million and a circulating supply that dwarfs many, the trajectory of BONK’s value is under keen observation.

As this crypto asset continues to make waves, Smog emerges as another intriguing option for investors seeking diversity in their digital portfolios, presenting itself as a noteworthy alternative amidst the market’s fluctuations.

Bonk Price Prediction
Examining the 4-hour chart, we pinpoint a pivot point at $0.0000138. BONK faces immediate resistance at $0.0000148, with subsequent hurdles at $0.0000157 and $0.0000169.

Conversely, support levels are established at $0.0000128, $0.0000116, and $0.0000097, providing a framework for potential price movements.
The Relative Strength Index (RSI) stands at 76, verging on the overbought territory but indicative of strong buying pressure.

The 50-Day Exponential Moving Average (EMA) trails at $0.0000109, further affirming a bullish undertone in the current market trend.

Chart analysis reveals BONK’s successful 50% Fibonacci retracement at $0.0000138. Should BONK sustain a bullish crossover above this juncture, it’s poised to target the 61.8% Fibonacci retracement level at approximately $0.0000148, signaling potential upward momentum.

In conclusion, the technical landscape for BONK is predominantly bullish, particularly if the asset maintains above the critical $0.0000138 level.

Short-term forecasts suggest BONK could test its immediate resistance levels in the near future, backed by robust trading volume and technical indicators.

Unveiling $SMOG: The Gateway to the Largest Airdrop in History
$SMOG tokenomics is setting the stage for what’s being hailed as the most monumental airdrop ever, uniquely distributed on the Solana blockchain. With 50% of its supply earmarked for marketing initiatives and 35% dedicated to rewarding its community through an unprecedented airdrop, $SMOG is generating palpable excitement.

A strategic allocation sees 10% reserved for Centralized Exchange (CEX) launches and the remaining 5% for bolstering liquidity in anticipation of its Decentralized Exchange (DEX) debut.

The roadmap delineates a captivating journey, starting with foundational steps like website development and token deployment, to ambitious goals like achieving social dominance and crowning itself as the SOL King.

Each phase is meticulously crafted to enhance community engagement and expand $SMOG’s footprint across the digital landscape.
How to Engage with $SMOG:
DEX Purchase: Navigate to Birdeye, link your Phantom or other Solana wallets, and swap your digital assets for $SMOG tokens. Holding these tokens not only secures your stake in the airdrop but also integrates you into the $SMOG community’s evolving narrative.
OTC Buy and Stake: For Ethereum users, $SMOG offers a seamless OTC widget for purchases, with a staking pool on the horizon promising attractive APY returns. Whether you opt to hold or stake, you’ll be in line for the airdrop rewards.
Airdrop Sign-up: Amplify your engagement by joining the Smog community on Zealy. Completing tasks earns you points towards the airdrop, with updates to follow post-launch.
Don’t miss out, buy or stake $SMOG, and prepare to embark on a journey that promises not just rewards but a chance to be at the forefront of cryptocurrency innovation.

Former British Finance Minister Denies Crypto Lobbying Allegations

The UK’s former Chancellor of the Exchequer, Lord Philip Hammond, has denied allegations that he may have been illegally lobbying for crypto company Copper.

Hammond currently Chairs the Switzerland-based crypto firm.

He has had the appointment since January last year after first serving as an advisor in August 2021, then as a Senior Advisor from October that year.

Under British rules, Hammond had to solicit advice from the Advisory Committee on Business Appointments (Acoba) before taking on private sector jobs during the two-year window after his resignation as the UK Finance Minister in July 2019.

Acoba also bans ministers from lobbying their former departments within that period.

While Hammond’s official capacities with Copper fall outside of this window, his actions that are currently under scrutiny fall within them.
According to a report by the Financial Times, which made a Freedom of Information request, Hammond brokered a meeting between Copper CEO Dimitry Tokarev and UK Treasury officials in March 2021 after then-economic secretary John Glen told the civil servants the former Chancellor would act as an intermediary.

Hammond told Glen that Tokarev was “incredibly impressed” with the meeting. A week later, Hammond and then-economic secretary John Glen followed it up with a scheduled call.

Hammond “emphatically” denied to the FT that his actions on behalf of Copper constituted lobbying. Neither did he try to influence Glen to organize a meeting with Copper, he said.

Britain’s path to regulation
Britain has taken a more welcoming approach to crypto firms than the US, but it still lags behind territories such as the EU, Canada, Singapore, and Abu Dhabi, which have offered more clarity as to what companies can and can’t do.

At the end of last year the British government unveiled plans to regulate crypto within the framework governing traditional finance activities.

The proposal says that crypto exchanges operating or targeting customers within the territory will require authorization from the Financial Conduct Authority (FCA).

The proposal stops short of regulating DeFi. According to responses received in the consultation process, the UK Treasury argues “it would be premature and ineffective for the UK to regulate DeFi activities currently. […] Instead, the government will support efforts at the international level through work at both the FSB and standard-setting bodies to inform a future domestic framework.”

Former FCA Chair Charles Randell criticized the decision to oversee crypto using existing policies, arguing that the space poses novel risks and requires bespoke legislation.

In January, Randell revealed that the FCA had been under “political pressure” to welcome crypto firms into the UK following a spate of enforcement actions in the US.

HM Treasury has tentatively said it will introduce secondary legislation pertaining to crypto later this year.