December 14, 2023 11:00 PM | 2 min learn
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Solana’s (CRYPTO: SOL) meme token BONK (CRYPTO: BONK) has recorded a 75% improve in worth inside a 24-hour interval. It’s now standing out as one of many lead performers within the CoinMarketCap high 100 cryptocurrencies.
What Occurred: BONK’s buying and selling quantity has skyrocketed by 140%, reaching $681 million, as per the newest figures obtained from CoinMarketCap.
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The 2 greatest meme cryptocurrencies by market capitalization Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have been up 4-6% within the final 24 hours.
The rise in BONK’s worth will be attributed to Coinbase, a cryptocurrency trade platform adding Solana’s meme coin to its roadmap.
Moreover, BONK has added its group with the debut of BONKBot, a program designed to facilitate the buying and selling of crypto property on Telegram.
See Extra: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
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Why It Issues: Joe Vezzani, CEO of social intelligence agency LunarCrush, acknowledged the stride of BONK, tweeting, “$BONK and $WOO on the high of the AltRank checklist. We’re baaaacckkk.”
The pseudonymous crypto analyst Kaleo pointed to a fair brighter future for BONK, predicting a potential 20-fold improve in worth.
In the meantime, crypto analyst Ali Martinez offered a more cautionary perspective, suggesting that BONK might be heading towards a month-long correction interval. He based mostly this forecast on the reversal of a key market indicator which is presently signaling a possible sell-off.
Photograph by stockphoto-graf on Shutterstock
Value Motion: On the time of writing, BONK was buying and selling at $0.000024, according to Benzinga Pro.
Learn Subsequent: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
“End 2023 Sturdy With 3 Sizzling Inventory Concepts – Virtually Free”
Prepared to your shot on the subsequent potential 32%, 39% or 45% beneficial properties in immediately’s market? You are about to overlook Inventory Skilled Gianni Di Poce’s 3 newest inventory concepts… Ones that might shift your total wealth-building journey. In case you’re prepared to finish 2023 robust with 12 scorching inventory concepts each single month. ACT FAST.
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