The Bonk price has seen a 2.5% dip in the past 24 hours, dropping to $0.00002603, despite the crypto market losing 1.5% overall. However, BONK has been up in the past hour, showing a 17% increase in the past week and a 118% increase in the last 30 days. The token has experienced a significant 4,800% increase in the past year, with much of this momentum retained in recent months. With a 24-hour trading volume of $250 million, it seems that BONK’s short-term momentum could potentially lead to a new rebound.
After a brief dip, BONK appears to be gearing up for a rebound, with its relative strength index showing a potential move upwards. The trading volume for the coin has surged by 200% in just a couple of days, reaching $250 million. While most whales may still be ignoring the token, some continue to hold significant BONK positions. One particular whale has accumulated 98 billion $BONK, now holding 319.44 billion $BONK valued at $15 million, double the amount from the previous month. Traders expect BONK to perform well in the coming months amidst a potentially bullish market.
Looking at alternative meme coins for potential rallies, newer tokens like Dogecoin20 (DOGE20) are gaining attention. DOGE20, an ERC-20 token, has raised over $10 million in its sale and is in its final phase of offering. It differentiates itself from traditional meme coins like Dogecoin by utilizing Ethereum’s staking mechanism, making it more energy-efficient and environmentally friendly. With a hard cap of 140 billion tokens, DOGE20 is deflationary, with staking removing tokens from circulation. The token’s promise to ‘Do Only Good Everyday’ by supporting charitable projects also helps in growing its fan base.
Investors can participate in the presale of DOGE20 on the official website, with token claiming scheduled for April 20th. Following this, the token is expected to rally strongly, listing on Uniswap and other exchanges in the subsequent weeks. DOGE20’s improved tokenomics and commitment to charitable causes make it an attractive option for investors looking for newer meme coins. While BONK may not see the same level of rallies as last year, DOGE20 and other emerging tokens offer potential opportunities for gains in the evolving meme coin landscape. Remember that investing in cryptocurrencies is inherently risky and could result in the loss of capital.
