BONK Emerges as a Strong Dogecoin Competitor, Surpassing Shiba Inu in Trading Activity with a 40% Price Surge: CoinMarketCap Report
The Solana (SOL)-based meme token Bonk (BONK) has outpaced its rival Shiba Inu (SHIB) in daily trading volume, experiencing a remarkable 40% surge in price within just 24 hours, as reported by CoinMarketCap.
Recent data indicates a staggering 71.8% increase in BONK’s daily trading volume, reaching approximately $311 million, while Shiba Inu witnessed a 29.6% spike, totaling $232 million. BONK has also seen a substantial 58.7% increase in market capitalization, securing its position as the 68th-ranked digital asset. Coinbase’s announcement of adding BONK to its altcoin listing roadmap has contributed to its growing popularity.
Additionally, BONK introduced BONKBot, enabling users to trade crypto assets on Telegram. Despite a recent warning from crypto analyst Ali Martinez about a potential month-long correction, BONK is currently trading at $0.000015, reflecting a 49% increase in the last 24 hours and an impressive 400% surge in the last 30 days.
Clever Robot News Desk 15th December 2023
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