BONK is a trending meme token that has seen a massive 71% increase in value over the past week, reaching $0.000018 at press time.
This growth follows its recent listing on major exchanges like Binance and Coinbase. In the last month, BONK’s value has surged by 300% and is up by 21,000% since its all-time low in December last year.
These figures have positioned BONK as one of the top-performing cryptos in 2023 and highlight its potential for further growth with upcoming listings.
Riding the Wave of Exchange Listings and Market Optimism
The recent surge in BONK’s value is closely tied to its adoption by leading crypto exchanges. Last week, Binance announced new spot trading pairs for Bonk with multiple trading pairs in response to growing user interest.
Moreover, the listings from Coinbase and Crypto.com pushed BONK’s price to rise over 1000% in mere weeks.
This inclusion in major exchanges and Binance’s decision to add BONK to Margin trading has been key in its price surge.
Moreover, Blockworks, a well-known crypto analysis platform, Tweeted about how BONK is 2023’s top Coinbase listing.
On its daily chart, BONK’s price chart shows a steady upward trend over two months, forming an ‘ascending channel pattern.’
This pattern suggests strong ongoing buyer interest, particularly in the $0.000012-$0.000013 price range.
Prominent analysts like Jacob Crypto Bury and platforms like CoinCodex predict further growth for BONK, with potential targets of $0.00004 and $0.00006, respecti
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Author: Felix Mollen