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While Bitcoin's price has paused and even dipped slightly below $62,000, meme coins have been making headlines this week with remarkable gains, particularly led by Dogwifhat (WIF). Although the total crypto market cap has slightly decreased over the day, it has surged by over $100 billion in the last seven days.
DOGE is among the most modest performers from the meme coin world with a mere 70% weekly surge.
Over the past 24 hours, several meme coins, including Shiba Inu and Floki Inu, have experienced a significant surge in value, boasting gains exceeding 50%.
The Solana-based memecoin logged consecutive price uptrends in the past few days.
In the last week, Bonk and Dogecoin have stood out compared to the rest of the cryptocurrencies for their performance.
As the memecoin market takes off, whales are not just taking profits - they're buying again and Solana-based tokens are their favorite.
Pseudonymous trader Unipcs, with the apt nickname "Bonk guy," shared an update on his Bonk (CRYPTO: BONK) trade that saw turn $16,000 into several millions. What Happened: The trader gained fame on "Crypto Twitter" at the end of 2023 for opening a long position on Bonk when the token was at a $20 million market capitalization.
Bonk (CRYPTO: BONK) surged an astonishing 62% on the day amid indications of an imminent token burn and significant whale movements, prompting traders to anticipate more upside. What Happened: Bonk's weekly gains tally at 104%, with the token fast approaching its December 2023 all-time high.
Memecoins Shiba Inu and Bonk have rallied thanks to a recent run that has seen the two coins notch over 30% gains within the last week.
Solana (SOL) has reached a new 22-month high, demonstrating a remarkable 28% uptrend over the past month. However, the Solana-based meme coin, Bonk Inu (BONK), has captured investors' attention with its explosive performance last month.
The cryptocurrency market is experiencing a significant boom, with Bitcoin (BTC) reaching a new milestone at $64,000 ahead of its halving event, marking a historic moment. Similarly, the altcoin sector is seeing robust gains, with Ethereum (ETH) achieving a long-awaited goal for its investors by climbing to $3,500.
Shiba Inu's price hit a 2024 peak of $0.000015 on Feb. 29, soaring 55% in the last four days as market trends suggest SHIB is still relatively undervalued.
Dogs are leading the pack and the rest of the altcoins aren't even close.
Dogecoin's price has soared to $0.11, marking a significant increase and making it one of the top gainers in the cryptocurrency market.
Bonk, a digital currency inspired by dogs and built on the Solana network, has witnessed a significant surge in market activity. In the last 24 hours alone, the price of Bonk has risen by over 35%, reaching a new high of $0.00002223.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices topping the key $62,000 level on Thursday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $3,400 mark this morning.
The top three meme tokens — dogecoin, shiba inu, and bonk — have captured double-digit gains over the past day, rising between 23.3% to 37.5% against the U.S. dollar. Dogecoin has risen 29.9% and nears crossing the $0.13 threshold.
With altcoins finally catching up to Bitcoin, meme coins such as Dogecoin, BONK, and PEPE have been in the spotlight. This outperformance from these meme coins has pushed their standing in the crypto market further, putting them ahead of large competitors.
Bonk crypto price analysis: BONK, a dog-themed digital currency based on the Solana network, has recently experienced a remarkable upswing in market activity. Over the past 24 hours, Bonk price has soared by more than 35%, reaching a new high of $0.00002223.
Memecoins have been an integral part of the ecosystem, which has always displayed a diverse trend with huge intensity. It started with the Dogecoin price rally just before the beginning of the 2021 bull run, which led to the birth of the ‘n' number of memecoins in the market.
Crypto enthusiasts are celebrating a bullish market comeback, with the total market capitalization rising by 8% to $2.3 trillion in the last 24 hours. Trading volume has surged by a whopping 103.91% to reach $194.22 billion.
In an intriguing turn of events, aligning with the bullish sentiment prevailing within the broader crypto market, Bonk, a meme coin, gained significant traction across the global crypto realm as it surged nearly 30% today, February 29. This surge by the meme coin promptly garnered noteworthy attention as a Smart Money's accumulation, pushing the price
The price for memecoin Bonk (BONK) has left crypto traders grinning lately, with four consecutive days of rising prices, leaving the memcoin now trading at around $0.00002205. This is an increase of more than 40% today alone.
DOGE-related coins have made it to the list of top gainers, among the top 100 cryptocurrencies by market capitalization. What Happened: As reported by CoinMarketCap, a trio of these meme coins —BONK, Dogecoin, and Shiba Inu—shone as the top performers of the day.
