As an analyst with extensive experience in the crypto market, I find it intriguing to observe the recent surge in Solana-based meme coins Bonk (BONK) and Floki (FLOKI). With over 15% gains within the last 24 hours, these tokens have outshined many of their counterparts.
In the past 24 hours, the meme tokens Bonk (BONK) and Floki (FLOKI), built on the Solana blockchain, have surpassed many well-known meme coins by recording a noteworthy increase of more than 15%.
Currently, BONK is experiencing a 17% increase and is being traded at the price of $0.000022. Its market capitalization is presently valued at $1.53 billion, making it the cryptocurrency with a rank of 56 according to CoinMarketCap’s latest data.
Over the last 24 hours, the trading volume for this token has more than doubled, amounting to nearly $300 million. Nevertheless, BONK is currently 46% below its peak price of $0.000041, which it achieved on May 29th.
In the year 2023, Bonk became well-known as a meme coin experiencing significant growth, contributing to Solana’s rising value due to a fresh wave of meme coin popularity.
As a crypto investor, I’ve seen Shiba Inu start as just another entertaining meme coin in the cryptosphere. But what sets it apart now is its strategic expansion beyond mere entertainment. The project has been steadily enhancing its utility by integrating decentralized finance (DeFi) solutions. Moreover, it collaborates with cross-chain communication protocols and NFT marketplaces, broadening its reach within the crypto ecosystem.
BONK trading pairs can now be found on prominent cryptocurrency exchanges such as Binance, Coinbase, OKX, and Bitstamp.
Currently, Floki, a meme coin themed around dogs and based on the Solana blockchain, has experienced a 15% price increase within the past 24 hours. Its current value stands at $0.000172, while its market capitalization hovers around $1.64 billion. The asset boasts a significant daily trading volume of approximately $301 million.
After the whale named “0x403” purchased and staked approximately 14 billion FLOKI tokens worth roughly $2.36 million, there was a notable increase in the popularity of Floki.
As an analyst, I interpret the whale’s large investment in Floki Inu as a robust expression of faith in its long-term value. By staking these tokens, they are taken out of circulation, leading to scarcity. Consequently, the reduced supply could potentially ignite a surge in demand, resulting in an increased price for FLOKI.
In the last 24 hours, Dogwhifhat (WIF) and Dogecoin (DOGE) experienced growth of 15% and 2% respectively among popular meme coins related to dogs. Conversely, Shiba Inu (SHIB) recorded a slight decrease of 0.22%.
Currently, the total value of all cryptocurrencies in circulation is experiencing a 1.4% decrease, resulting in a market cap of approximately $2.24 trillion.
I’m an invested crypto enthusiast, and I’m reporting that as of now, Bitcoin – the most valuable cryptocurrency by market capitalization – is experiencing a decline, with its price dropping by approximately 3.36% in the past 24 hours. Currently, it’s being traded at around $60,670.
Read More
- BODEN PREDICTION. BODEN cryptocurrency
- GHST PREDICTION. GHST cryptocurrency
- BETA PREDICTION. BETA cryptocurrency
- STRD PREDICTION. STRD cryptocurrency
- Mango Markets Exploiter Found Guilty Of Fraud And Manipulation
- GBP EUR PREDICTION
- MATIC PREDICTION. MATIC cryptocurrency
- LOOKS PREDICTION. LOOKS cryptocurrency
- BRN/USD
- TNSR PREDICTION. TNSR cryptocurrency
2024-06-25 12:24