The announcement from the crypto change Coinbase concerning its resolution to listing the cryptocurrency has sparked a exceptional 98% surge within the worth of BONK during the last 24 hours.
This comes on the heels of BONK hitting an all-time excessive of $0.000029 at this time, as bullish buyers capitalized on sturdy optimistic market sentiment and main change listings.
BONK Inks Strong Numbers
The Solana-based meme coin has skilled a formidable 750% increase during the last 30 days, marking a big milestone in its upward trajectory.
BONK explodes 98% within the final 24 hours. Supply: Coingecko
The latest addition of BONK on Binance has performed a big function in driving up its worth as nicely. Binance intends to incorporate the memecoin as a crypto asset which may be borrowed on its Remoted Margin Program beginning December 17.
Additionally, Coinone, a cryptocurrency change based mostly in South Korea, has not too long ago mentioned that it might embrace BONK on its platform. The BONK/KRW pair shall be obtainable for buying and selling, with deposits beginning on December 14 at 10:00 a.m. (KST) and spot buying and selling opening on the identical day at 5:00 p.m. (KST).
All these listings are proving to be helpful for the value of the meme coin.
BONK 30-day worth motion. Supply: Coingecko
Since its introduction in December 2022, BONK’s worth has elevated dramatically; it has grown by 7,000% since September 2023, making it the third-largest meme coin behind Dogecoin (DOGE) and Shiba Inu (SHIB).
Following its launch, Bonk acquired reputation throughout the Solana ecosystem by appearing as a fee methodology for non-fungible tokens (NFTs) and discovering quite a lot of purposes.
This Meme Coin Is No Joke
Since October, the coin has grown quickly regardless of its preliminary debut as a parody token as a result of excessive stage of curiosity within the Solana ecosystem.
With 61 trillion BONK in circulation, the coin’s market capitalization is at the moment $931,186 indicating a big 66.60% worth acquire during the last seven days.
BONKUSD at the moment buying and selling at $0.0000261942 territory. Chart: TradingView.com
Given the numerous affect of the Solana ecosystem on Bonk’s ascent, this ranks it because the 70th largest cryptocurrency.
In a associated information, BONK has shared BONKBot, a brand new software program that makes bitcoin buying and selling simpler on widespread chat apps like Telegram and social media.
With this transfer, BONK hopes to enhance person participation and accessibility within the cryptocurrency buying and selling group.
Supply: Coincodex
In the meantime, with the expected bull run within the cryptocurrency market driving development by 2024, BONK will be capable of successfully increase its viewers. Because the group expands, the value of BONK could ultimately hit $0.00095.
Then again, there’s a vital probability that the BONK meme forex will see a decline throughout a liquidity disaster or a market-wide selloff. Within the occasion of an especially quick crash, the bears might retest the $0.000010 mark.
Featured picture from Shutterstock
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