Riding The BONK Wave: Memecoin Hits New Heights Following Listing

As the BONK experienced a decline, the recent token listing announcement has reignited its upward trajectory. The meme coin BONK witnessed a decrease in price following its peak on Mar 4. Instead of continuing its ascent, the prices took a downturn. Can BONK recover from the recent losses, and is there a possibility of a new peak forming? We will delve into these questions in this blog.

However, Just one hour after BitMEX revealed the listing of BONK, the coin experienced a 6% surge. The listing is scheduled to go live on March 11th at 4 UTC. However, BitMEX users can already view BONK on the platform starting from March 8th.

Accompanying the listing announcement, the exchange has detailed the incentives available to users engaged in BONK trading on the platform. These incentives encompass a BONK airdrop valued at $20,000.

The decision to list BONK follows its remarkable performance over the past few days, boasting a 200% surge in just one month. Presently, BONK’s is valued at $0.00003181, reflecting a recent 7% uptick within the last 24 hours. The trading volume has reached $979,829,338, experiencing a notable 40% increase. This surge signifies a renewed optimism for a recovery following a recent downturn.

BONK Meme Coin Rockets: 40% Surge

Since yesterday, the meme coin BONK has experienced a notable surge, witnessing a 40% increase in both volume and market capitalization. Currently holding the 58th position on Coinmarketcap, BONK’s market cap stands at $2,069,795,542 following a 5% rise. Despite this substantial uptick in trading activity, the token’s value has not seen a significant spike after the recent decline. This uptick in volume suggests a rising interest among users in this cryptocurrency.

Following its all-time high (ATH), BONK’s experienced a decline to the minimum of $0.00002658. Currently, it stands at $0.00003181, signaling a less than optimal recovery. The Moving Average Convergence Divergence (MACD) reveals a detachment from the recent bullish trend, with sellers dominating the cryptocurrency. Conversely, the Fibonacci extension suggests a potential price upswing in the days ahead.

Over the upcoming days, BONK is expected to encounter pricing conflicts and volatility issues, with its value ranging from a minimum of $0.000030 to a maximum of $0.000089. Please note that these figures may change based on the coin’s performance in the coming days.

Related Reading | https://btcpolitan.com/blackrock-ibit-spot-bitcoin-etf-hits-record-788-3m-inflows/

Furthermore, the author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.

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