Solana’s SOL/USD meme token BONK BONK/USD has recorded a 75% enhance in value inside a 24-hour interval. It’s now standing out as one of many lead performers within the CoinMarketCap prime 100 cryptocurrencies.
What Occurred: BONK’s buying and selling quantity has skyrocketed by 140%, reaching $681 million, as per the newest figures obtained from CoinMarketCap.
The two largest meme cryptocurrencies by market capitalization Dogecoin DOGE/USD and Shiba Inu SHIB/USD have been up 4-6% within the final 24 hours.
The rise in BONK’s value could be attributed to Coinbase, a cryptocurrency alternate platform adding Solana’s meme coin to its roadmap.
Moreover, BONK has added its group with the debut of BONKBot, a program designed to facilitate the buying and selling of crypto property on Telegram.
See Extra: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Issues: Joe Vezzani, CEO of social intelligence agency LunarCrush, acknowledged the stride of BONK, tweeting, “$BONK and $WOO on the prime of the AltRank checklist. We’re baaaacckkk.”
The pseudonymous crypto analyst Kaleo pointed to an excellent brighter future for BONK, predicting a potential 20-fold enhance in worth.
In the meantime, crypto analyst Ali Martinez supplied a more cautionary perspective, suggesting that BONK may very well be heading towards a month-lengthy correction interval. He primarily based this forecast on the reversal of a key market indicator which is presently signaling a possible promote-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.
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