At one point, investors and traders were losing hope in the profitability of the Bonk (BONK) token. However, things are changing very fast after this Solana-based token came back to life. So, there was a massive surge from this token mainly due to the approval of the spot Bitcoin ETF.
Bonk (BONK) Sparks Hope Despite Calls of Death
- There were reports of Bonk (BONK) dying a painful death in the crypto market. However, everything shows that this token is very much alive, judging from the current market situation. Apparently, the approval of the spot Bitcoin ETF is playing a pivotal role in the increase of cryptocurrencies. So, over the past 24 hours, the highest price for this token was around 0.00001765. But there was some retracement. Although, everything shows that there could be more surges in the next hours.
- This is a quick turnaround from the projections of many analysts. Remember, Bonk (BONK) surprised many after breaking into the market in the wake of the Solana surge. But it looks to be standing on its own now after a massive surge of nearly 20% in 24 hours.
Solana Memecoins Making a Recovery
- It is pretty evident that Solana memecoins are making a massive recovery in the crypto market. So, we can see this with the likes of Dogwifhat token and Bonk (BONK). Dogwifhat is making a name for the Solana ecosystem. In fact, many traders are betting on this token to become the face of the memecoin market. Nevertheless, a lot will have to unveil to know if this prediction is accurate or not. But one thing is that there’s a massive surge of more than 100% from this token.
- On the other hand, Bonk (BONK) is also making a massive recovery in the market. So, this is quite obvious after a Close to 30% surge within the past few days. Nevertheless, Solana memecoins will have to do more in the market to stand out from the rest.
Bonk (BONK) Price Update
- It is not a surprise that Bonk (BONK) is having a good time in the market. So, everything about this token is surging as time goes on. There’s more than a 10% increase within the past day. Furthermore, there’s close to a 30% surge. Moreover, the trading volume and general valuation of this token are spiking. So, the valuation of this token is close to reaching the $1 billion mark. On the other hand, the trading volume of this token is already more than $500 million. So, most of this growth was after the spot Bitcoin ETF approval.
Conclusion
Bonk (BONK) is having a resurrection in the crypto market after surging by more than 10% in the past day. In fact, there’s an indication that this will continue on a positive note for the past few days. Moreover, another Solana-based token, Dogewifhat, is standing with Bonk as the face of the Solana ecosystem. Furthermore, this recent growth places Bonk as one of the top gainers in the crypto market.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
