The post 3 Best Meme Coins to Buy Now As BONK Pumps 10% appeared on BitcoinEthereumNews.com.

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . BONK has grown 10% over the past 24 hours despite the overall market being less than stellar. This is mainly due to the BONK team remaining agile in the current market conditions and proposing a massive token burn. While the likes of Pepe and Dogecoin struggle, there are newer meme coins that still present viable buying opportunities despite somewhat bearish conditions.  Let’s take a look at what’s behind Bonk’s rise as well as three other tokens that could see similar growth. BONK Proposes 84B Token Burn Rallying Price Despite the likes of DOGE and SHIB still declining, BONK’s price saw a resurgence in the early morning with the BONK treasury revealing plans to burn 84 billion tokens. This led to an almost immediate growth in market capitalization to $1,640,663,484, and helped the price of BONK grow to $0.00002391. This move is part of the BONK team’s initiative to increase token scarcity and apply deflationary pressure to the token’s value. Token burns are an excellent way to do this, as decreasing the number of available tokens almost always results in a net-positive effect for holders. 🔥 $BONK is on fire. Its price jumped 25% after a proposal to burn 84 billion tokens. This move is boosting investor confidence and could push the price even higher.📈https://t.co/SJzXH2YYK4 — The Crypto Times (@CryptoTimes_io) July 9, 2024 With a 169% growth in trading volume after the announcement, BONK’s strategy worked out. However, it is important to note that the proposal hasn’t been approved yet as the community is still voting on it. The BONK DAO has been…

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Filed under: News - @ July 9, 2024 9:12 pm