The price of
#BONK has had an almost twofold increase over the course of the previous week, resulting in daily gains of over 35%, reaching a value of $0.000004501.
The listing of PEPE on Binance resulted in a significant increase in the value of the meme currency, leading it to reach its highest point in the local market. Consequently, investors of BONK are optimistic about the possibility of experiencing a comparable impact.
BONK exhibits the most substantial 30-day return in comparison to Bitcoin, Ethereum, and prominent alternative cryptocurrencies.
The price of BONK, a cryptocurrency built on the Solana blockchain, has experienced a significant surge during the previous month. The price of BONK had a significant surge of over 1,500% over the previous month, followed by a doubling in value over the course of the preceding week. Furthermore, on Wednesday, there was an additional increase of 32% in its price.
The significant increase in the price of BONK has generated conjecture over a potential greater rise, maybe driven by the listing of the cryptocurrency on a prominent exchange. The launch of
#PEPE🔥🔥 on Binance on May 5 led to a significant surge in the value of the meme currency. Market participants anticipate a comparable response from Bonk Inu.
The price of BONK has experienced a notable increase when observed on a daily basis.
The meme coin BONK, which operates on the Solana blockchain, has outperformed Bitcoin, Ethereum, Dog-themed meme coins, and other alternative cryptocurrencies in terms of significant gains observed on monthly, weekly, and daily intervals. In the previous month, BONK has exhibited the most substantial profits for traders in comparison to other prominent cryptocurrencies.
One of the factors contributing to significant increases in the value of the meme coin is the potential inclusion of the asset on a prominent
#cryptocurrency exchange. It is important to acknowledge that the cryptocurrency PEPE, which is characterized by its frog-themed meme, witnessed a comparable increase in its value subsequent to the announcement of its listing on the Binance exchange on May 5th.
Historical evidence suggests that the dissemination of listing announcements has played a pivotal role in stimulating significant profits for those who possess cryptocurrencies. The price of PEPE had a significant increase, exhibiting a rally of 122% on May 5. This surge resulted to a rise in value from $0.000002023 to $0.000004501 between the timeframe of May 4 to May 5. The meme coin has reached its peak in its market cycle, and traders may anticipate a comparable response from BONK, since this pattern is commonly observed among assets listed on prominent cryptocurrency exchanges.
The individual known as @Mangyek0 on Twitter, who specializes in cryptocurrency analysis, anticipates a peak in the market cycle of BONK should the meme coin be listed on the Binance platform. The analyst provides instances of PEPE and SHIB to substantiate his theory.
The impact of a Binance listing on BONK's cycle peak is still to be determined. However, market players maintain optimism over the potential "listing effect" and the possibility of a situation similar to that of PEPE. It is worth noting that both BONK and PEPE are meme coins, and the price surges of such assets are often fueled by hype.