Why BONK Keeps On Rising, Price Explodes 124% Today

Name	Symbol	Market	Market Cap ($)	Algorithm
SHIBA INU	SHIBUSD	Crypto	10,017,774,846	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

SHIBA INU

SHIBUSD

Crypto

10,017,774,846

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.000017	0.000017	0.000017

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.000017

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.000017	0.000017	0.000017	0.000017	0.00000662 - 0.000048

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.000017

0.00000662 - 0.000048

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:37:07	5,500,000.00	0.000017	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:37:07

5,500,000.00

0.000017

USD

Price x Volume	Volume	Base Symbol	Related Pairs
10,256,870.10	46,068,052,479.05	SHIB	SHIBEUR	SHIBGBP	SHIBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

10,256,870.10

46,068,052,479.05

Why BONK Keeps On Rising, Price Explodes 124% Today – Here’s The Scoop

15/12/2023 1:00pm

NEWSBTC

The announcement from the crypto exchange Coinbase regarding its decision to list the cryptocurrency has sparked a remarkable 98% surge in the price of BONK over the last 24 hours. This comes on the heels of BONK hitting an all-time high of $0.000029 today, as bullish investors capitalized on strong positive market sentiment and major exchange listings. Related Reading: Terra Luna Classic Rockets Over 300% And Collapses — More Pain Ahead? BONK Inks Solid Numbers The Solana-based meme coin has experienced an impressive 750% increase over the last 30 days, marking a significant milestone in its upward trajectory. BONK explodes 98% in the last 24 hours. Source: Coingecko The recent addition of BONK on Binance has played a significant role in driving up its price as well. Binance intends to include the memecoin as a crypto asset that may be borrowed on its Isolated Margin Program starting December 17. Also, Coinone, a cryptocurrency exchange based in South Korea, has recently said that it would include BONK on its platform. The BONK/KRW pair will be available for trading, with deposits starting on December 14 at 10:00 a.m. (KST) and spot trading opening on the same day at 5:00 p.m. (KST). All these listings are proving to be beneficial for the price of the meme coin. BONK 30-day price action. Source: Coingecko Since its introduction in December 2022, BONK’s price has increased dramatically; it has grown by 7,000% since September 2023, making it the third-largest meme coin behind Dogecoin (DOGE) and Shiba Inu (SHIB). Following its launch, Bonk acquired popularity within the Solana ecosystem by acting as a payment method for non-fungible tokens (NFTs) and discovering a variety of applications. This Meme Coin Is No Joke Since October, the coin has grown rapidly despite its initial debut as a parody token due to the high level of interest in the Solana ecosystem. With 61 trillion BONK in circulation, the coin’s market capitalization is currently $931,186 indicating a significant 66.60% price gain over the last seven days. BONKUSD currently trading at $0.0000261942 territory. Chart: TradingView.com Given the significant influence of the Solana ecosystem on Bonk’s ascent, this ranks it as the 70th largest cryptocurrency. In a related news, BONK has shared BONKBot, a new software that makes bitcoin trading easier on popular chat apps like Telegram and social media. With this move, BONK hopes to improve user participation and accessibility in the cryptocurrency trading community. Source: Coincodex Related Reading: SHIB Roars As Shibarium Hits 100 Million Transactions – Big Things Unfolding Meanwhile, with the predicted bull run in the cryptocurrency market driving growth through 2024, BONK will be able to effectively expand its audience. As the community expands, the price of BONK may eventually hit $0.00095. On the other hand, there is a significant chance that the BONK meme currency will see a decline during a liquidity crisis or a market-wide selloff. In the event of an extremely fast crash, the bears could retest the $0.000010 mark. Featured image from Shutterstock

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