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Bonk Jumps Back Top 100, Dogecoin Plunges As KangaMoon Presale Continues To Rise

Press Releases Crypto News CryptoDaily UK Bonk Jumps Back Top 100, Dogecoin Plunges As KangaMoon Presale Continues To Rise

Bonk meme coin has returned to the top 100 cryptocurrencies after a recent price rally in the past week. Meanwhile, Dogecoin has fallen out of the top 10 cryptos by market cap.

In other news, a new meme coin, KangaMoon, is making headlines as it raised over $133,164.293 in its crypto ICO. Also, it has sold out 53.3% of the tokens for stage 1, with just 46.7% left before its price increases to $0.0075.

Bonk (BONK) Soars Back To Top 100

Bonk (BONK), the third largest meme coin, has seen a massive rally in the past week after a long period of downward month. The altcoin rallied to an all-time high of $0.00003419 on December 15 before falling under bearish pressure.

However, the memecoin has regained its bullish momentum and is now up on the charts. According to CoinMarketCap, Bonk price has increased from a 7-day low of $0.00000989 to a peak of $0.00001397.

This represents an increase of 16.5%. While Bonk is still bearish on the monthly chart, its yearly chart is green, with an increase of 1218.9%. Interestingly, this price jump catapulted Bonk back to the top 100 crypto by market cap.

While this bullish momentum has reignited hope among its investors, the memecoin does not still have utility. This lack of utility makes its future price movement uncertain.

Dogecoin (DOGE) Overtaken By Chainlink

Dogecoin (DOGE), the largest meme coin by market cap, has fallen out of the top 10 cryptos after a long bearish period. Data from CoinMarketCap showed that Chainlink has overtaken Dogecoin as its marker cap edged close to $12 billion.

Nevertheless, Dogecoin remains among the top 15 crypto by market cap. Dogecoin’s poor price movement is to blame for the recent fallout. A look at the Dogecoin price chart shows that the altcoin is trading in the $0.07792 – $0.08289 price range with just a 1.0% increase in the last week.

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Author: Crypto Daily

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