Home CRYPTO NEWS Why BONK Retains On Rising, Value Explodes 124% Right now – Right here’s The Scoop

Why BONK Retains On Rising, Value Explodes 124% Right now – Right here’s The Scoop

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The announcement from the crypto alternate Coinbase concerning its resolution to checklist the cryptocurrency has sparked a outstanding 98% surge within the value of BONK during the last 24 hours.

This comes on the heels of BONK hitting an all-time excessive of $0.000029 at the moment, as bullish buyers capitalized on sturdy constructive market sentiment and main alternate listings.

BONK Inks Stable Numbers

The Solana-based meme coin has skilled a formidable 750% enhance during the last 30 days, marking a big milestone in its upward trajectory.



The current addition of BONK on Binance has performed a big position in driving up its value as nicely. Binance intends to incorporate the memecoin as a crypto asset which may be borrowed on its Remoted Margin Program beginning December 17.

Additionally, Coinone, a cryptocurrency alternate primarily based in South Korea, has just lately stated that it might embody BONK on its platform. The BONK/KRW pair shall be out there for buying and selling, with deposits beginning on December 14 at 10:00 a.m. (KST) and spot buying and selling opening on the identical day at 5:00 p.m. (KST).

All these listings are proving to be helpful for the value of the meme coin.

Since its introduction in December 2022, BONK’s value has elevated dramatically; it has grown by 7,000% since September 2023, making it the third-largest meme coin behind Dogecoin (DOGE) and Shiba Inu (SHIB).

Following its launch, Bonk acquired recognition throughout the Solana ecosystem by performing as a fee technique for non-fungible tokens (NFTs) and discovering a wide range of functions.

This Meme Coin Is No Joke

Since October, the coin has grown quickly regardless of its preliminary debut as a parody token because of the excessive degree of curiosity within the Solana ecosystem.

With 61 trillion BONK in circulation, the coin’s market capitalization is at the moment $931,186 indicating a big 66.60% value acquire during the last seven days.

Given the numerous affect of the Solana ecosystem on Bonk’s ascent, this ranks it because the seventieth largest cryptocurrency.

In a associated information, BONK has shared BONKBot, a brand new software program that makes bitcoin buying and selling simpler on widespread chat apps like Telegram and social media.

With this transfer, BONK hopes to enhance person participation and accessibility within the cryptocurrency buying and selling neighborhood.

In the meantime, with the expected bull run within the cryptocurrency market driving progress by means of 2024, BONK will have the ability to successfully broaden its viewers. Because the neighborhood expands, the value of BONK could ultimately hit $0.00095.

Alternatively, there’s a important likelihood that the BONK meme forex will see a decline throughout a liquidity disaster or a market-wide selloff. Within the occasion of an especially quick crash, the bears might retest the $0.000010 mark.

Featured picture from Shutterstock

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