The post Bonk (BONK) Price Jumps 175% in November, Could Shiba Inu (SHIB) and Rexas Finance (RXS) Be the Next to Break Out? appeared on BitcoinEthereumNews.com.

Unique in the Solana network’s meme creation scene, Bonk submitted an impressive 175% growth rate in November to increase to an all-time high value of $0.000060 by November 20, 2024. This resulted in Bonk becoming a market leader in the social cryptocurrency space with a valuation hammered at $3.9 billion.  A few meme coins like Shiba Inu and Rexas Finance (RXS) appear to be following in the footsteps of BONK. SHIB has increased by 4.30% in the previous 24 hours, while Rexas Finance continues to gather traction in its presale, raising more than $12.5 million. As momentum rises for both coins, might they become the next crypto market breakout stars? Bonk (BONK): The Standout with a 175% Price Surge in November BONK’s spectacular climb in November began with slow gains in early November, trailing other meme coins such as Dogecoin and PEPE. However, within this week, BONK’s momentum grew stronger as it broke out from a longstanding symmetrical triangular formation and overcame the resistance level of $0.000034, which had been key since March. The scenario made traders more aggressive, which caused them to look for more buyers and secure the $0.00060 position for BONK. With a strong technological basis and rising demand, BONK’s breakout cements its place as the leading meme coin in the Solana ecosystem. However, as BONK enters new price discovery zones, market participants are turning their attention to other promising tokens such as SHIB and Rexas Finance. Shiba Inu (SHIB): Momentum Building for a Breakout? Shiba Inu, the largest meme coin by community size, has also shown promising growth. As of writing, Shiba Inu coin, SHIB, is live at $0.000025, showing progress of 4.30% in the last 24 hours. This time, it seems that SHIB might be heading towards a positive breakout price trend. Shiba Inu’s recent…

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Filed under: News - @ November 25, 2024 10:26 am