Bonk Memecoin Surges 150% Outperforming Dogecoin, Shiba Inu, Pepe, and Floki Inu
In short
- BONK flooded by an amazing 150% in the previous week, beating Dogecoin, Shiba Inu, Pepe, and Floki Inu.
- This flood has impelled BONK to turn into the third-biggest canine themed memecoin by market capitalization.
- Dogecoin, Shiba Inu, Pepe, and Floki Inu all posted significant gains during the week as well.
During the previous week, Solana-based memecoin Bonk has arisen as the champion entertainer among rivals. The value of the digital asset went up by a remarkable 150 percent, surpassing gains made by Dogecoin, Shiba Inu, Pepe, and Floki Inu, and eventually reached an all-time high.
This cost development has pushed it to the third-biggest canine themed memecoin by market capitalization behind just Dogecoin and Shiba Inu.
Driving Factors Behind Bonk’s Surge
Bonk was sent off last year and delighted in high consideration before in the prior year interest faded. In any case, the memecoin has as of late experienced restored interest, pushing its cost past levels.
The new BONK’s worth spike can be credited to a few key elements. Strikingly, its posting on significant digital currency trades like Binance and KuCoin has been a critical impetus in the vertical development.
Generally, trade postings trigger cost floods in front of the genuine posting date. Nonetheless, on account of BONK, KuCoin’s posting accompanied extra limited time impetuses as the trade offered compensations of up to $58,000. Then again, Binance’s posting of BONK subordinates contracts brought the memecoin to more crypto merchants.
BONK’s momentum has also been aided by the optimism surrounding the Solana ecosystem. This year, SOL has stood out as a standout altcoin. BONK has benefited more than Pepe, Floki Inu, and Shiba Inu, all of which are based on Ethereum, as a result of the significant growth that has occurred within the DeFi sector of Solana. As a result, Solana-based tokens have outperformed their Ethereum counterparts.
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Dogecoin, Shiba Inu, Others Rally Too
For context, Ali Martinez, BeInCrypto’s Global Head of News, pointed out Dogecoin’s impressive price position. Martinez said DOGE’s price cleared all major resistance levels and could aim for $0.14.
“With the $0.095 support proving strong – thanks to 63,280 addresses buying 3.2 billion DOGE – the path looks set for an upward journey. If this support remains firm, we could see DOGE aiming for $0.14 next,” Martinez said.
Another experienced crypto analyst Michaël van de Poppe noted that the price of Pepe was gaining momentum. He even went further to say that Pepe could be the “new DOGE” as it may rise toward another $0.000002 after providing a buying opportunity.
“[Pepe] shows a lot of momentum, but I’d like to see a retest at 1285-1350 and then continue towards 2000. Buying dips on this one is a proper strategy at this market stage,” van de Poppe added.
