Following a Transak development, both PEPE and BONK surged impressively, now closing in on a critical price range.
The BONK/USD price chart for September 2024 shows that it is moving sideways, within a defined range between 0.00001577 and 0.00002196.
The proposed BONK ETP — potentially the first ever meme coin exchange-traded product — could bridge the gap between crypto investors and Wall Street.
This launch is an important first step toward creating the very first $BONK ETF. But what does all this mean, and why should you care?
Bonk Inu's ETP launch may drive price higher, signaling potential breakout.
After a brief pullback, BONK is showing signs of renewed strength as bullish momentum begins to build. The recent price action indicates that bulls have regained control, pushing the token out of its recent slump.
Osprey Funds is assisting the Solana meme coin team in launching the ETP in the US. The team has also announced plans to launch the ETP before the year ends.
Solana-based memecoin Bonk Inu (BONK) has launched an exchange-traded product (ETP) in the US. The team behind BONK disclosed the latest update at the Solana Breakpoint event in Singapore, noting the product would be Series 504 and 506 Trusts for institutional and retail investors.
The Solana meme coin BONK has caught the attention of crypto enthusiasts with a remarkable surge in recent months. Analysts are buzzing about the potential for a staggering 500% increase in October, especially following the announcement of BONK's exchange-traded product (ETP) launch in the U.S.
Bonk Inu (BONK), the popular Solana-based dog-themed meme coin, has recently marked a monumental stride within the global crypto landscape. Notably, the meme token announced the launch of a BONK exchange-traded product (ETP) in the U.S, emerging as the first-ever meme coin to achieve this feat.
The cryptocurrency market continued its recovery trend in the second half of September, driven by speculation surrounding the Fed rate cut, which has now dropped to 475-500 basis points (BPS). Amid these dynamic market shifts, the meme cryptocurrency sector presents an attractive opportunity for speculative traders.
Not everything is bleak in crypto! Blockchain entity BONK and Korean K9 Rescue (KK9R) have seen ten dogs adopted after setting the new GUINNESS WORLD RECORD for the “Most Dogs Walked Simultaneously by an Individual.”
Memecoins on the Solana (CRYPTO: SOL) blockchain rallied sharply on Thursday as the broader cryptocurrency regained momentum following the Federal Reserve's aggressive rate cut. What happened: Canine-inspired token dogwifhat popped 6.55% in the last 24 hours, emerging as the market's biggest gainer among memecoins exceeding billion-dollar valuation.
With the price volatility in the crypto market recording a new high, the Bitcoin price has successfully surpassed $63k with an intraday gain of 5.13%. Following this, the memecoin market cap crossed the $41 billion mark for the first time in about a month.
On the verge of a bearish breakdown, Bonk (BONK) holders are shifting their attention to Mega Dice (DICE), a new Telegram casino set to launch on Solana DEX Raydium on September 30.
What's next for BONK after hitting a roadblock at $0.000018?
As the price of Bitcoin (BTC) retests its important resistance level of $60,000, the crypto market has regained momentum over the past few hours. Moreover, the market has recorded a jump of 1.97% within the past day and is currently valued at $2.09 Trillion.
Holders of popular Solana meme coin Bonk ($BONK) are turning their attention to a new meme coin ICO after the low-utility meme coin posted notable depreciation recently.
BONK price attempted a recovery move this week, but as the $0.000017+ surge crumbled into a seismic dump, traders quietly snapped up a rival meme coin.
Despite brief moments of potential recovery, most of meme coins had a challenging week. Popular tokens like Bonk (BONK) and Pepe (PEPE) saw their prices drop by double digits.
The popular memecoin has done well enough, but can it do much better?
Bonk (BONK), the popular Solana-based meme coin, is defying the market trend and is poised for a massive price surge despite bearish sentiment. With an impressive 4% price surge, it has gained significant attention from the crypto community resulting in its open interest skyrocketing by 16% in the last 24 hours.
The Bonk (BONK) price dipped around 2% on Thursday, per data presented by TradingView, amid sluggish trading conditions across the broader cryptocurrency market, with some asking if now is a good time to buy the dip.
Binance Pay unveils a promotion offering users the chance to win up to 2,400,000 BONK for qualified purchases made this September.
BONK has respected the range extremes over the past month.
The market cap of the meme coin sector is down over 6% in the past 24 hours.
Crypto analyst Man of Bitcoin recently provided insights into Bonk's (BONK) trajectory using the Elliot Wave Theory. As part of his analysis, the analyst revealed how high the Solana meme coin could rise on its next leg up.
Bonk has experienced sustained gains over the past week surging by 18.77%.
Altcoins SATS, dogwifhat, FET, and Bonk have all surged over 10% over the past day to rank as the top gainers in the crypto market, as Bitcoin, the leading cryptocurrency by market cap, jumped over $64,000 in the same timeframe.
Dogecoin Rivals – Shiba Inu (SHIB), Floki, Pepe coin (PEPE), Dogwifhat (WIF), and BONK are set to attract investor interest as DOGE price has been stuck in a five-month correction. Despite the recent market rebound, Dogecoin price projects no clear sign of bottom formation, projecting the risk of further sell-off.
Veteran cryptocurrency trader Unipcs, who gained widespread attention for turning a modest $16,000 investment into over $18 million through a single trade involving the meme coin BONK, is now predicting a massive surge in the meme coin market.
BONK may have been falling on the price charts, but will that change soon?
BONK price surged 3% to $0.000018 on Wednesday's trading session as Bitcoin price jumped above $60000 psychological level. This Solona-based meme coin has risen for three consecutive days, indicating a renewed buying momentum and potential bottom formation.
Veteran trader Unipcs, known for his $18 million profit from a single Bonk (CRYPTO: BONK) trade, has set his sights on BONK and Floki (CRYPTO: FLOKI) as the potential frontrunners in the next meme coin surge. What Happened: Unipcs predicts the overall meme coin market could reach $300 billion, with these two tokens at the forefront of this explosive growth, in an interview with crypto trading platform Bybit.
Meme coins, which have been battered recently, were some of the best-performing coins on Tuesday as investors focused on the upcoming Fed minutes and Jackson Hole meeting in the United States. Brett, the top token in Base Blockchain, surged by over 24% while Dogwifhat (WIF), Floki, and Pepe soared by double digits.
BONK price plunged 1.6% to $0.000019 on Monday, bucking the general uptick in the broader crypto market. While the Bitcoin attempt to regain $60000 has uplifted most of the major altcoins, the meme cryptocurrency sector struggle follows.
BONK price is currently looking to break out of a bullish pattern it is currently moving in, which may not happen.
As Bitcoin (BTC) continues to traverse sideways, the altcoins are certainly not going to outperform. This is even more so the case with memecoins.
As Bonk trading volumes surge back above $100 million, per Yahoo Finance data, the Bonk price could be set to explode.
The 20 and 50-day BONK moving averages formed a bearish crossover last week.
Meme coins are just jokes, but over the past 24 months many delivered far more ROI than Bitcoin or Ethereum. This week's biggest losers were still on sale Saturday.
Cryptocurrency prices remained under pressure on Monday, continuing a trend that has happened in almost two weeks.
This week, the meme coins market has witnessed a noticeable decline in activity, with the sector's capitalization dropping 5% over the past five days.
The memecoin hype took a downturn, part of a broader market decline. Overall interest in cryptocurrencies has nosedived, which can be linked to recession fears and geopolitical tensions, leading to bearish sentiments. However, things are beginning to look up, with Bonk (BONK) and FLOKI (FLOKI) gearing up for a comeback.
The Bonk price has seen a deeper retracement today, down 3.57%, contributing to the 3.04% average decline among meme coins. However, indicators point towards building bullish momentum and a potential breakout.
After an extended decline, Solana-based meme coin Bonk (BONK) might be set for a rebound as bullish sentiment begins to return.
Solana memecoins spikes are traders' favorite sessions, and after the short bearish phase, the rally is likely to begin again. Amid the crypto market recovery today, top Solana memecoins Dogwifhat (WIF), BONK, and Popcat Sol have shown a significant surge.