BONK Takes the Week’s Wins
While several tokens in the meme coin market have consolidated, BONK has emerged as a standout performer. Its recent skyrocketing increase in value has propelled its trading volume above DOGE and SHIB. Currently trading at $0.00002374 with a 24-hour trading volume of $1,510,759,711.53, BONK has experienced a 24.35% decrease in the past 24 hours but a 70.20% gain in the last week.
This significant achievement follows BONK’s listing on major cryptocurrency exchanges Binance and Crypto.com. The listing triggered a remarkable 100% rally for BONK as it targeted other meme coins. The coin gained popularity among investors, resulting in a substantial spike in overall volume. As we approach the end of 2023 and the beginning of the new year, it will be interesting to observe how this momentum influences BONK’s performance.
Market projections suggest that Shiba Inu (SHIB) may be on track to achieve its dream of reaching $0.02 (2 cents), potentially sooner than expected. Respected market insights indicate that this ambitious goal could be realized between 2030 and 2040, bringing renewed hope and optimism to the Shiba Inu community.
SHIB has recently gained renewed interest due to notable price changes, experiencing a 19% increase in the past 30 days. Currently trading at $0.00000979 with a 24-hour trading volume of $193,122,625.83, SHIB has encountered a slight drop of 0.46% in the past 24 hours and a decline of 5.30% in the last week.
While the journey to 2 cents for SHIB is challenging given the cryptocurrency market’s volatility, the analyst estimate instills confidence and optimism in the Shiba Inu community. The increasing popularity of SHIB and growing investor interest are seen as catalysts for potential price increases. Emphasis is also placed on SHIB’s utility and the expansion of its ecosystem, particularly with the continued growth and traction of ShibaSwap.
Dogecoin (DOGE), on the other hand, is currently trading at $0.093632 with a 24-hour trading volume of $758,264,067.10. The cryptocurrency has experienced a drop of 2.38% in the past 24 hours and a decline of 9.20% in the last week.