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Bonk (BONK), the meme coin based on Solana, is one of this month's highest gainers. However, according to recent data, the token could lose some of its gains from the last few weeks.
Milestones are a huge narrative in the meme coin market, and often, traders are focused on market cap.
As Bonk crashes 9% in the past 24 hours, BONK holders are abandoning the coin in favor of an unlisted crypto with better profit potential.
Solana meme coins are skyrocketing again, driven by the broader crypto market rally and the bullish strength in SOL. According to CoinGecko, the Solana meme coin market cap is on the cup of reclaiming the $10 billion mark, thanks to another 6% growth today.
The cryptocurrency market is experiencing a significant shift in momentum as the Solana price hurtles towards $200. This increase is boosting investor confidence and creating a positive outlook for related tokens like WIF, BONK, and MEW.
Memecoins have overcome the recent market dip and are again exploding. Husky Inu ($HINU) appears to have entered the market at the right time, and its presale is seeing incredible success.
Solid inflows into spot Bitcoin ETFs reflect investors' bullish sentiment, and this could push SOL, ICP, GRT and BONK.
Memecoins have had a great run in 2024, and memecoins in the Solana ecosystem are seeing a notable surge. Four Solana-based memecoins in particular stand out for their potential: Husky Inu ($HINU), Shiba Inu ($SHIB), dogwifhat ($WIF), and Bonk ($BONK).
A breakout could be key to BONK's price action over the next 72 hours.
The largest meme cryptocurrencies are outperforming the market benchmark yet again, while some lesser-known coins secure their spots in the top league. Meanwhile, Dogecoin (DOGE) replaces Toncoin (TON) as the ninth largest cryptocurrency and Pepe (PEPE) blasts past Polygon (MATIC).
An upcoming test might dictate BONK's short-term price action.
Curious if BONK can hit the $1 mark? Dive into our latest analysis to uncover the factors driving BONK's price and its potential future
The crypto market recovery resumes on Friday during the U.S. trading hours as Bitcoin jumps 4% to hit a high of $66475. Similar momentum is observed in the altcoin market, with BONK emerging as the highest gainer with a 16% price jump since yesterday.
The crypto sector could be experiencing the calm before the storm. Bitcoin looks as though it is preparing for the next leg up, and a $BTC surge will probably float most boats.
Bitcoin (BTC) has been unable to go above $65,000, facing strong selling pressure at that price. Additionally, retail interest in BTC has hit a three-year low, with analysts stating that a rebound is needed before BTC's “real bull run” can begin.
The burgeoning interest in memecoins propelled BONK's market cap to unprecedented heights.
The BONK price prediction in the daily chart shows a 4-day rally amid the current market recovery. From the $0.000022 low, the Meme coin jumped 28% to trade at $0.000028, while the market cap reached $1.94 Billion.
With the increasingly bullish sentiment in the cryptocurrency market, altcoins from top categories have recorded a significant uptrend in valuation over the past few days. Moreover, as the price of Bitcoin heads toward its upper resistance level of $70,000, memecoins have experienced a massive price surge.
The cryptocurrency market concluded the first half of July with a bullish trend, as Bitcoin reclaimed the $62,000 mark, having traded below it for nearly two weeks. This recovery began to pick up last Saturday when Bitcoin was relieved from intense selling pressure by the German government.
Imagine a fluffy bunny with twinkling eyes, hopping through the crypto cosmos, leaving stardust profits behind. That's MOONHOP Meme Coin! Cute but powerful, market experts hail it as the top meme coin presale of the year, with potential returns of over 1,000% (fluffin' amazing, right?).
BONK's price is struggling to find footing above $0.00002500, which would help the meme coin breach through the next barrier.
Solana's top dog breaks the safe for a bounce back after the community confirms Bonk DAO's massive $2M burn.
Following a week of losses, the meme coin market has witnessed a notable rebound.
The sell-off in the market has poked holes in the meme coin super cycle, impacting tokens like Solana-based meme coin, Bonk. Cryptocurrencies bled profusely amid fears of an extended correction triggered by the German government's persistent BTC selling activities.
