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- Solana (SOL)-based dog-themed asset Bonk made a 106 percent surge in the last 24 hours.
- Its trading volume surpasses that of Shiba Inu while its market cap also makes a 58.7 percent increase.
Bonk has made a whopping 24-hour surge of 106.54% to trade at $0.00003. This overnight performance puts it in the race for the most dominant meme coin category featuring Shiba Inu and Dogecoin. In the last three months, this asset has surged by 14,628.85%, adding $0.00003 to its previous price. Its weekly growth is also positive with a 148% price surge, sending its market cap to $1,847,682,032 as of press time. This market cap has increased by 58.7%.
According to crypto data aggregator CoinMarketCap, Bonk has recorded a 71.8% increase in trading Volume in the last 24 hours. This brings the total to $311 million. Comparatively, Shiba Inu’s 24-hour trading volume is 29.6%, sending its total to $232. million.
Bonk recently announced the launch of BONKbot, a program designed to enable users to trade crypto assets over social media.
On the third day of BONKmas, my true dog gave to me: BONKbot! Trade with ease using BONKbot on Telegram. This BONKmas, discover how BONKbot simplifies trading and managing your positions.
Coinbase Listing Roadmap Influenced Price Surge of BONK
Coinbase also announced that it would be adding the meme coin to its altcoin listing roadmap. The listing roadmap was created to increase transparency and reduce the risk to investors. This announcement is reported to have influenced the current rally. Pseudonymous crypto strategist Altcoin Sherpa rightly predicted that the asset could surpass $0.00001500 in its next rally.
BONK: next leg coming? Probably good to have some exposure to this meme-wise. I’m already all out of my position but thinking about re-entering.
According to a price prediction platform, Bonk could finish the year with a minimum price of $0.000036. On average, the asset can finish the year with a trading price of $0.000046, and even reach $0.000055 on the maximum before December 31.
Another analyst, Ali Martinez, informed his X followers that BONK had a buy signal on its weekly chart for the October bull run. This was evident in its Tom DeMark (TD) Sequential indicator. It is important to note that the TD Sequential indicator is used in the prediction of a potential trend reversal using the closing prices of 13 previous bars or candles.
Now, the same indicator is showing a sell signal. This suggests BONK might be heading into a correction period lasting one to four weeks.
Its rival, Shiba Inu, has recorded a marginal pullback with a 24-hour fall of 1.98%. In the last seven days, Shiba Inu has declined by 1.3% and is currently trading at $0.00001.
Dogecoin has also fallen by 0.47% in the last seven days but made a 24-hour gain of 0.3% to trade at $0.096707. Analysts have predicted that this asset can go as high as $0.174072 before the year ends.
Shiba Inu has also been predicted to go as high as $0.000018 before December 31.
