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As the global cryptocurrency market cap eyes $3 trillion, the recent increase in Bitcoin price to an all-time high of $89,000 has sparked excitement of a new bull run, preparing the stage for altcoin's renewed optimism. Among the leading performers are Peanut the Squirrel (PNUT), Rexas Finance (RXS), Bonk (BONK), and XRP—all witnessing substantial price
The crypto market today has demonstrated a rather modest rise, increasing by 1.51% over the last day, bringing the total market cap to $2.98 trillion. The trading volume rose significantly, up by 35.59% to $358.59 billion.
BONK surged 23%, breaking resistance and showing potential for continued gains.
BONK, the Solana-based meme coin, has recently seen a significant price increase, breaking out from a six-month descending wedge pattern. This breakout suggests a potential 92% rally, positioning BONK for substantial growth if the momentum holds.
Millionaire trader Unipcs, known as "The BONK Guy," shared a fresh optimistic outlook on Bonk (CRYPTO: BONK), calling it a standout among meme coins due to its unique position. What Happened: The trader took to X to highlight Bonk's distinct status as the only new meme coin on Coinbase, alongside Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
Bonk price surge gathered momentum on Tuesday, with the OG of Solana meme coins soaring to $0.000034, its highest level in over five months. This rally mirrored that of other meme coins like Dogwifhat and Popcat surging by over 10%.
BONK has achieved a 38% weekly gain and reached $1 billion in trading volume, while showing mixed signals in derivatives markets and technical indicators, as the token maintains its position as a leading Solana-based meme coin with a $1.8 billion market cap.
The altcoin season is picking up pace, with the Bitcoin price claiming a new ATH above $89,000. The Meme Coins market cap has crossed the $100 billion mark at $110.26 billion. With more than 50% of its market cap concentrated in Dogecoin's $58.60 billion market cap, smaller-cap Meme Coins showcases a massive upside potential.
If buyers can keep up the momentum, BONK could rally by 32% to the 1.618 Fibonacci level.
Bonk (BONK), the Solana meme coin with the second-highest market cap, has seen its volume hit $1 billion today. This milestone comes after BONK's price climbed by 43% within the last seven days.
Unipcs, the millionaire trader known as ‘BONK guy,' recently shared his journey and insights into meme coin trading, particularly his long-term position in Bonk (CRYPTO: BONK). What Happened: Unipcs elaborated on his approach in a post on X, holding BONK for 13 months and incurring $1.9 million in fees while also achieving major success trading Dogecoin (CRYPTO: DOGE).
With decreasing supply and increased community engagement in these initiatives, BONK's market value could significantly shift.
Solana network shows growth potential to surpass the Ethereum blockchain next year as the crypto bull run gains momentum. As it overtakes Ethereum in DEX trading volumes and other DeFi metrics, the Solana-based meme coins are ready to explode.
Meme mania appears to be back, brought on by a newfound crypto proponent -- Donald Trump.
The lack of significant buying volume recently meant that a reversal from the local highs was more likely than a breakout in the coming days.
The memecoin category has experienced a significant uptrend over the past few hours with many tokens recording a double-digit gain. Following this, the Bonk price broke its 6th consecutive red-day streak.
Memecoin could profit from its latest listing.
The cryptocurrency exchange Gemini, owned by the Winklevoss brothers, has just announced the listing of OP and the memecoins POPCAT and BONK.
Memecoin's latest bout of depreciation gave rise to many questions for traders.
BONK is trading in a consolidated range between $0.0000198-$0.0000241, showing bullish structure on higher timeframes despite slowing momentum and declining buying pressure.
A breakout beyond $0.0000241 could see a move to $0.0000339.
BONK analysis offers a comprehensive view of the present market dynamics and insights.
Popcat has hit a new all-time high, rising above popular meme coins like Bonk and Floki, fueled by a surge in its futures open interest. Popcat (POPCAT) rose 17.8% over the past day, exchanging hands at $1.66 when writing.
Popcat and Bonk's prices held steady as sentiment in the cryptocurrency industry waned, with Bitcoin falling to $66,500. Bonk (BONK), the first meme coin on the Solana (SOL) ecosystem, retreated for three consecutive days, reaching a low of $0.000022.
