- BONK coin and PEPE have both experienced significant surges in their price actions.
In addition to Bitcoin’s influence, the recent Transak listing has played a part.
As an analyst with over a decade of experience in the crypto market, I have witnessed numerous trends and shifts that have shaped this dynamic industry. The recent surge in popularity for meme-based tokens like PEPE and BONK coin, coupled with their impressive resilience amid market downturns, is indeed intriguing.
In the last seven days, the value of meme-inspired cryptocurrencies PEPE and BONK have risen by approximately 10%. Even during market declines, their widespread appeal has ensured they remain robust, with a total market capitalization surpassing $1 billion.
Currently, as AMBCrypto explores the potential impact, following their addition to Transak – a prominent Web3 transaction service, there’s speculation that it might lead to a significant surge in their worth.
PEPE saw a surge in network activity
Through Transak’s listing, which streamlines and fortifies the process of joining the Web3 world, both PEPE and BONK coins stand primed for growth, making them easier for both new and experienced crypto enthusiasts to get involved.
According to AMBCrypto’s analysis, there has been a notable increase in the number of PEPE holders. This figure rose from approximately 240,000 in mid-July to around 275,000 as of the current update.
Source : IntoTheBlock
The recent surge suggests that investors are becoming more optimistic, maintaining a positive attitude even amidst market drops – as indicated by the 5% jump of BONK coin to reach $0.00001996 within the past 24 hours.
Despite this uptick, BONK coin’s transactional volume has not seen a significant jump. While the total transaction count has surpassed 1 million, the daily volume remains below average.
Instead, let me say this: While Transak encourages newcomers to join the world of DeFi, meme coins such as PEPE and BONK offer a welcoming gateway into decentralized finance for beginners.
As a researcher delving into the Decentralized Finance (DeFi) landscape, I’ve been investigating how the addition of a new listing might influence staking actions within this dynamic environment.
Bulls are optimistic about BONK coin’s future gains
On the third-largest blockchain by Total Value Locked (TVL), Solana, the staking volume for Bonk coin has climbed to an impressive $43 million. This surge indicates a rising curiosity among users to incorporate BONK within the Decentralized Finance (DeFi) landscape.
Previously mentioned, the trading volume of BONK has significantly dropped from approximately 500 million after listing down to $188 million as we speak.
Source : Santiment
However, bulls have managed to stave off a pullback, bringing BONK coin closer to its previous rejection level at $0.00002201.
On the other hand, PEPE has exhibited a more rapid increase, proving to be more robust against market fluctuations. Moreover, it’s approaching the price level of its former resistance at approximately 0.00000950 USD.
Read Bonk’s [BONK] Price Prediction 2024–2025
As an analyst, I can summarize that there’s growing interest from stakeholders in both PEPE and BONK coins. This momentum suggests a positive outlook on the potential price movements of these digital assets in the near future.
In essence, the future performance of the tokens, especially over the long term, largely hinges on Bitcoin’s behavior. If there is continued enthusiasm for the network, it’s possible that both tokens could exceed their past resistance points.
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2024-09-27 01:11