FLOKI, WIF and BONK are biggest gainers as meme coins dominate markets

The meme coin sector is gaining traction again in the crypto markets due to its remarkable performance and growth.

Today’s biggest gainer, up 21%, is Floki (FLOKI), which currently stands at $0.0002813. FLOKI’s price increase followed the breakout of a horizontal level at the $0.00023 mark. Furthermore, after breaking the $0.00023 level, FLOKI broke a key resistance level of $0.00025. Now, FLOKI is heading towards its all-time high of $0.0003, according to CoinMarketCap.

The price increase is due to the launch of a Telegram-based trading bot by Floki developers for FLOKI holders on BNB Chain network. The bot is expected to increase demand for FLOKI tokens and contribute to buying pressure. The bot will be charged a 1% transaction fee, half of which will be used to purchase FLOKI on the open market.

The FLOKI price pump could also have come from other factors like Coinbase adding the token to its perpetual futures list and SEC approval of Ethereum ETF. How Floki operates on Ethereum (ETH), would make sense for tokens built on the blockchain, like FLOKI, PEPEIt is SHIBto benefit from SEC actions.

CoinMarketCap FLOKI 24-Hour Price

In writing this piece, dogwifehat (WIF) rose 23.25% and broke its $3.25 resistance level. It is currently at $3.33, bringing the market capitalization to approximately $3.35 billion, making it the 35th largest cryptocurrency by market value, according to data from CoinMarketCap.

WIF is close to the decisive zone around $3, mimicking the volatility in recent sessions. In recent weeks, the token has continued to see lower swings, losing more than 15% of its gains from last month. Meanwhile, the token has reached the $3 demand zone and may see a pullback soon.

The token’s price increase does not have any external factors. It was just “due” to increase based on the general market sentiment towards the token over the last three months.

CoinMarketCap WIF 24-Hour Price

Today, BONK market activity included a price increase to $0.000039, reflecting a 13.11% change over the last 24 hours, reaching a new all-time high. Market capitalization increased by 13.19%, reaching around US$2.62 billion and positioning itself BONADO as the 47th largest cryptocurrency by market value.

According to data from CoinMarketCap, BONK’s trading volume increased by 95.37% over the same period, totaling around US$777 million. BONK price, trading at $0.00003908, broke above the key resistance at $0.00003771. This is the closing price of the previous 2024 high when BONK reached $0.00004800 during intraday trading hours.

Secondly, the above-mentioned factor could reduce the market rally, which could result in consolidation. BONK may witness a sideways movement between $0.00003939 and $0.00002833.

BONK 24-hour trading price from CoinMarketCap

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