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Coinbase Effect? Dogecoin Rival BONK Soars 75% — Analyst Projects ’20x’ Surge For The Meme Coin – Emeren Group (NYSE:SOL)

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December 15, 2023
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Coinbase Effect? Dogecoin Rival BONK Soars 75% — Analyst Projects ’20x’ Surge For The Meme Coin – Emeren Group (NYSE:SOL)
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December 14, 2023 11:00 PM | 2 min learn


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Solana’s (CRYPTO: SOL) meme token BONK (CRYPTO: BONK) has recorded a 75% improve in value inside a 24-hour interval. It’s now standing out as one of many lead performers within the CoinMarketCap prime 100 cryptocurrencies.

What Occurred: BONK’s buying and selling quantity has skyrocketed by 140%, reaching $681 million, as per the newest figures obtained from CoinMarketCap. 

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The 2 greatest meme cryptocurrencies by market capitalization Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) had been up 4-6% within the final 24 hours.

The rise in BONK’s value will be attributed to Coinbase, a cryptocurrency trade platform adding Solana’s meme coin to its roadmap. 

Moreover, BONK has added its group with the debut of BONKBot, a program designed to facilitate the buying and selling of crypto property on Telegram.

See Extra: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals


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Why It Issues: Joe Vezzani, CEO of social intelligence agency LunarCrush, acknowledged the stride of BONK, tweeting, “$BONK and $WOO on the prime of the AltRank record. We’re baaaacckkk.” 

The pseudonymous crypto analyst Kaleo pointed to a good brighter future for BONK, predicting a doable 20-fold improve in worth.

In the meantime, crypto analyst Ali Martinez supplied a more cautionary perspective, suggesting that BONK might be heading towards a month-long correction interval. He primarily based this forecast on the reversal of a key market indicator which is presently signaling a possible sell-off.

Photograph by stockphoto-graf on Shutterstock

Worth Motion: On the time of writing, BONK was buying and selling at $0.000024, according to Benzinga Pro.

Learn Subsequent: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?


“End 2023 Sturdy With 3 Scorching Inventory Concepts – Virtually Free”

Prepared to your shot on the subsequent potential 32%, 39% or 45% positive factors in in the present day’s market? You are about to overlook Inventory Professional Gianni Di Poce’s 3 newest inventory concepts… Ones that would shift your total wealth-building journey. When you’re prepared to finish 2023 robust with 12 sizzling inventory concepts each single month. ACT FAST.


© 2023 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.



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Tags: 20XAnalystBONKCoinCoinbaseDogecoinEffectEmerenGroupMemeNYSESOLProjectsRivalsoarsSurge
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