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Amid the increasing talks around emergency rate cuts and a recovery in the US and global markets, Bitcoin is back above $57K. As the crypto market leader bounces back, the meme coins are quick to capitalize on the bullish sentiment.
Over the past 24 hours, the BONK price has experienced a notable surge of 14.33%, contributing to an overall market growth with meme coins averaging a 12.92% increase. Market indicators currently suggest potential for further gains.
BONK price recorded an 8% jump on Tuesday, witnessing a short relief rally from a recent market sell-off. A sudden surge in buying pressure followed Bitcoin's sustainability above $50000, while the total crypto market surged 8.7% to hit $1.95 Trillion.
As the cryptocurrency market readies for its next bull run, several altcoins stand out for their potential to deliver substantial returns. Here's a look at the top 10 altcoins recommended by crypto analyst Matt's Crypto in his YouTube video, each promising significant gains.
The value of the Solana-based meme coin Bonk (BONK) has witnessed a steep decline over the past week. Exchanging hands at $0.000021 at press time, BONK's price has fallen by 24% in the past seven days.
The Bonk price is tanking on Friday in tandem with a broader crypto market sell-off, but ongoing market accumulation continues to hint towards an upcoming 90% surge.
Dogecoin has fallen by 3% in the past 24 hours, dropping to $0.117 as the crypto market as a whole loses 1% today.
Pseudonymous trader CrediBULL Crypto predicts a more severe "meme wipeout" than initially expected for Bonk (CRYPTO: BONK), cautioning traders to prepare for significant downside. What Happened: "If I'm right about what I'm seeing across the board this meme wipeout will be worse than I thought," he tweeted.
As the Bonk (BONK) price collapses and threatens a break below its 200DMA, Bonk holders are betting big on a new ICO called Base Dawgz (DAWGZ), with some even betting it might 100x.
The cryptocurrency market is buzzing with potential, and two altcoins that have recently caught the attention of investors are Bonk (BONK) and Mpeppe (MPEPE). Both of these tokens offer unique features and promising growth prospects that make them stand out in the crowded altcoin space.
The cryptocurrency world is known for its high volatility and rapid shifts in investor sentiment. Recently, a new player in the meme coin arena has captured the attention of Bonk (BONK) investors.
Altcoins dogwifhat, Bonk, THORChain, and Jupiter have suffered losses above 10% as Bitcoin dipped 4% in the last 24 hours.
Traders' expectations from BONK are high
Next few days could be very critical to BONK's price action.
Bonk price is currently in a precarious position with falling prices and volume. However, the macro outlook promises a rebound in the coming days as price action approaches a potential support zone.
BONK's 840.4 billion liquidation pool could spark a significant move.
Bonk's (BONK) price reached a monthly high of $0.000033 on July 21. However, the meme coin could not sustain the price, falling to a weekly low of $0.000025 four days later.
After the recent kerfuffle over the movement of the US government's Silk Road Bitcoin, it appears that the king of the cryptocurrencies is not quite ready to begin its big upside move just yet. When it does, prominent memecoins, such as $WIF, $BONK, and $BRETT, will be ready for this green light.
Cryptocurrencies have captivated the investment world, offering opportunities for substantial returns. Among the emerging tokens that have caught the attention of investors are Bonk (BONK) and Mpeppe (MPEPE).
Crypto exchange Binance has announced updates to the collateral ratio of several crypto assets to enhance the trading experience for users. The update will affect crypto such as popular meme coins PEPE, BONK, and BANANA, among others.
The Solana blockchain boasts several prime memecoins, but four projects stand out for their excellent profit potential: Husky Inu ($HINU), Bonk ($BONK), Dogwifhat ($WIF), and BOOK OF MEME ($BOME).
BONK price did not fail its investors, but it also did not live up to their expectations, which is evident in their shifting sentiment.
BONK price surges 8% in a rising wedge after retesting a key support level.
BONK's sentiment is not strongly bullish, and traders need to beware of a potential price reversal toward $0.00002.
