Bonk price pumping – what to expect this July
The post Bonk price pumping – what to expect this July appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bonk leads memecoin gainers with an 8% uptick. Base Dawgz gains traction, raising $2.3M in presale. Bonk is leading crypto’s top memecoin gainers today with an 8% uptick. Its performance has garnered a lot of excitement – but can this continue into July? Analysts bullish as Bonk price starts road to recovery While Bonk’s daily gains are impressive, that’s only part of the story. Its price has also increased by 15% this week and 22% in the past two weeks. This week’s performance makes it the third-highest gainer of the top 10 memecoins, only behind Dogwifhat and Mog Coin. However, looking back over recent months, it’s not been all positive for the Solana-based meme crypto. The project is down 21% this month and 42% from its March all-time high. But with Bonk now displaying relative strength over most of its memecoin peers, industry pundits are bracing for continued gains in the coming weeks. Analyst Guru described how the memecoin market has been in a state of exhaustion lately, but Bonk’s strong recovery indicates it could lead to the next memecoin season. When memecoin exhaustion hits, it usually results in the first mover sending incredibly hard to kickstart a second szn (Similar to Feb PEPE move) Higher for longer on $BONK pic.twitter.com/Atq1yQDYQn — 💐Guru 💐 (@CoinGurruu) July 1, 2024 Meanwhile, Jakey reiterated the integral position of Bonk within the Solana ecosystem. “I will forever suggest that anyone within the SOLANA ecosystem hold a bit of BONK. It has played a massive role in the regrowth of the Solana ecosystem, dark days with a very uncertain feeling for most.” “They decide to do something that zero people would have thought to…
Filed under: News - @ July 4, 2024 3:26 am