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The recent Bitcoin halving has boosted institutional trust in the market, leading to gains across major cryptocurrencies and meme-inspired coins. Charts currently indicate that most cryptocurrencies and meme coins are performing well, with the overall cryptocurrency market capitalization at $2.43 trillion. The meme coin sector specifically has reached a market cap of $56.
According to the most recent figures, the value of the cryptocurrency market has reached $2.43 trillion after a 2.62% increase in the last 24 hours. Bitcoin and ether have risen by 4% and 3.5%, respectively. NEAR experienced a significant uptick of 33% this past week, while BONK escalated by 32.7%.
After a major price correction in early April, Solana-based meme coin BONK has been staging a strong recovery recently. Over the last week, the BONK price has surged by over 25% and is currently trading at $0.00002074 with a market cap of $1.35 billion.
If the bulls can continue this performance, the 78.6% Fibonacci retracement level would likely serve as support.
Bonk (BONK), a meme token on the Solana blockchain, surged 43% following a rally in meme coins and a significant treasury burn proposal to eliminate 280 billion tokens, signaling renewed investor enthusiasm and potential market stabilization. Bonk Token Jumps 43%, Driven by Meme Coin Rally and Major Treasury Burn Proposal Bonk (BONK), a dog-themed token based on the Solana blockchain, soared 43% in response to a broader rally among meme coins and a proposal for a massive treasury burn of 280 billion tokens, as per U.Today.
Here is how some of your favorite assets concluded the week.
BONK and FLOKI rallied by more than 40% and 20%, respectively, in the last 24 hours alone.
Bonk (BONK), a dog-themed token based on the Solana blockchain, surged an impressive 43% in response to a broader rally among meme coins and the proposal for a substantial treasury burn totaling a staggering 280 billion tokens.
Navigate the cooling crypto market by identifying meme coins to sell, protecting investments from the expected slowdown in assets.
Kraken, one of the world's top exchanges, has announced that its United Kingdom-based users will now be able to trade viral Solana-based meme coins Bonk (BONK) and Dogwifhat (WIF).
The hotly anticipated Bitcoin Halving is slated for either tomorrow or Saturday, and it could ignite an explosive surge in the cryptocurrencies.
$BONK and BitGo Join Forces: A Game-Changing Alliance The crypto world is abuzz with the news of $BONK's integration into BitGo, a move that promises to reshape the contours of the Solana ecosystem.
The lower timeframes chart showed that the trend has been bearish throughout April.
The meteoric rise of SOL's Dogwifhat & Bonk in March is now overshadowed by a tumultuous 50% drawdown.
BONK's market sentiment grows poorer as memecoin's price chases new lows.
Solana memecoins are on an uphill drive with the wider market after days of huge sell-offs. The weekend saw plunging investor sentiment as bearish macroeconomic factors filled industry narratives.
Aside from these meme coins, the other massive losers in the past 24 hours are CORE, DYDX, W, CFX, and more.
If you can stomach the risk, consider entering speculative positions in these top three meme cryptos to buy.
Top altcoins such as BONK and SHIB have seen their prices surge amid recent market conditions. Yet, Rebel Satoshi's second token, $RECQ, has seen a bigger rise in price, much more than many top crypto coins. Let's delve into what sets the $RECQ token apart from prominent projects like BONK and Shiba Inu.
Amidst the token craze, investors should be cautious. Consider losing these meme coins to sell to prevent losses caused by volatility.
Bucking the trend within the highly volatile memecoin sector, Bonk (BONK), a Solana-native meme token, has exhibited a bearish bias despite prevailing bullish sentiment across the broader memecoin market. Related Reading: Shiba Inu Surpasses 4 Million Addresses, Ignites Frenzy Recent data from CoinMarketCap reveals a staggering 25% price decline for Bonk over the past month, a stark contrast to the general upward trajectory witnessed across the meme coin landscape during the same period.
BONK's futures open interest has plummeted by over 25% in the last month. Price indicators hinted at a decline as well.
There are signs that the rally in cryptocurrencies might be taking a breather or worse. Investors would be smart to protect themselves.
Join us as we delve into the 2024 crypto bull market and explore what's driving it forward. Meme coins have taken center stage, and they show no signs of slowing down.
