Ethereum

dogwifhat

FLOKI

Read

The meme coin sector is gaining traction again in the crypto markets because of its performance and remarkable growth. 
The top gainer for today, rising 21%, is Floki (<a href="https://crypto.news/price/floki/" data-type="link" data-id="https://crypto.news/price/floki/" rel="">FLOKI</a>), which currently sits at $0.0002813. The price surge for FLOKI followed the breakout of a horizontal level at the $0.00023 mark. Also, after breaking out from the $0.00023 level, FLOKI broke through a key resistance level at $0.00025. Now, FLOKI is heading toward its all-time high of $0.0003, according to <a href="https://coinmarketcap.com/currencies/floki-inu/" data-type="link" data-id="https://coinmarketcap.com/currencies/floki-inu/" target="_blank" rel="">CoinMarketCap</a>. 
The price rise is due to Floki developers launching a Telegram-based trading bot for FLOKI holders on the <a href="https://crypto.news/price/bnb/" data-type="link" data-id="https://crypto.news/price/bnb/" rel="">BNB Chain</a> network. The bot is anticipated to boost 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 buy FLOKI on the open market. 
The price pump for FLOKI could also have come from other factors like Coinbase <a href="https://x.com/RealFlokiInu/status/1793681003011084308" data-type="link" data-id="https://x.com/RealFlokiInu/status/1793681003011084308" target="_blank" rel="">adding</a> the token to its perpetual futures list, and the SEC’s approval of <a href="https://crypto.news/tag/spot-ethereum-etf/" data-type="link" data-id="https://crypto.news/tag/spot-ethereum-etf/" rel="">Ethereum ETFs</a>. Since Floki operates on the Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="">ETH</a>) network, it would make sense for tokens built on the blockchain, like FLOKI, <a href="https://crypto.news/price/pepe/" data-type="link" data-id="https://crypto.news/price/pepe/" rel="">PEPE</a>, and <a href="https://crypto.news/price/shiba-inu/" data-type="link" data-id="https://crypto.news/price/shiba-inu/" rel="">SHIB</a>, to benefit from the SEC’s actions. 
<figure class="wp-block-image size-full is-resized">
 <picture loading="lazy" decoding="async" class="wp-image-14276036" style="width: 100%;height:auto"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/05/FLOKI_1D_graph_coinmarketcap.jpg.webp"> 
 <img loading="lazy" decoding="async" width="970" height="396" src="https://crypto.news/app/uploads/2024/05/FLOKI_1D_graph_coinmarketcap.jpg" alt="FLOKI, WIF, BONK top gainers as meme coins take over markets - 14"> 
 </picture> 
 <figcaption class="wp-element-caption">
 24-hour price of FLOKI from CoinMarketCap
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/caitlyn-jenner-falls-victim-to-cryptocurrency-exit-scam/" rel=""> Caitlyn Jenner falls victim to cryptocurrency exit scam </a> 
Upon writing this piece, dogwifhat (<a href="https://crypto.news/price/dogwifhat/" data-type="link" data-id="https://crypto.news/price/dogwifhat/" rel="">WIF</a>) rose 23.25% and broke through its resistance level of $3.25. It is currently sitting at $3.33, pushing the market capitalization to approximately $3.35 billion, making it the 35th largest crypto by market cap, according to the data from <a href="https://coinmarketcap.com/currencies/dogwifhat/" data-type="link" data-id="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="">CoinMarketCap</a>. 
WIF&nbsp;hangs near the make-or-break zone around $3, mimicking volatility in the last sessions. For the past few weeks, the token has continued delivering lower low swings, losing over 15% of its gains last month. Meanwhile, the token has reached the demand zone of $3 and may get a pullback soon. 
The token’s price increase has no external factor. It was just “due” to increase based on the market’s overall sentiment towards the token over the past three months. 
<figure class="wp-block-image size-full is-resized">
 <picture loading="lazy" decoding="async" class="wp-image-14276047" style="width: 100%;height:auto"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/05/WIF_1D_graph_coinmarketcap-2.jpg.webp"> 
 <img loading="lazy" decoding="async" width="970" height="396" src="https://crypto.news/app/uploads/2024/05/WIF_1D_graph_coinmarketcap-2.jpg" alt="FLOKI, WIF, BONK top gainers as meme coins take over markets - 15"> 
 </picture> 
 <figcaption class="wp-element-caption">
 24-hour price of WIF from CoinMarketCap
 </figcaption>
</figure> 
Today, BONK’s market activity included a price increase to $0.000039, reflecting a 13.11% change over the past 24 hours, reaching a new all-time high. The market capitalization rose 13.19%, reaching around $2.62 billion and positioning <a href="https://crypto.news/price/bonk/" data-type="link" data-id="https://crypto.news/price/bonk/" rel="">BONK</a> as the 47th largest crypto by <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/" rel="">market cap</a>. 
According to data from <a href="https://coinmarketcap.com/currencies/bonk1/" data-type="link" data-id="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="">CoinMarketCap</a>, the trading volume for BONK increased by 95.37% in the same period, totaling about $777 million. The BONK price, trading at $0.00003908, broke above the key resistance of $0.00003771. This is the closing price of the prior 2024 high when BONK reached $0.00004800 during the intra-day trading hours. 
Secondly, the&nbsp;above-mentioned factor&nbsp;might reduce the market’s bullishness, which could result in a consolidation.&nbsp;BONK could witness sideways movement&nbsp;between $0.00003939 and $0.00002833. 
<figure class="wp-block-image size-full is-resized">
 <picture loading="lazy" decoding="async" class="wp-image-14276037" style="width: 100%;height:auto"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/05/BONK_1D_graph_coinmarketcap-1.jpg.webp"> 
 <img loading="lazy" decoding="async" width="970" height="396" src="https://crypto.news/app/uploads/2024/05/BONK_1D_graph_coinmarketcap-1.jpg" alt="FLOKI, WIF, BONK top gainers as meme coins take over markets - 16"> 
 </picture> 
 <figcaption class="wp-element-caption">
 24-hour trading price of BONK from CoinMarketCap
 </figcaption>
</figure> 
 Read more: <a href="https://crypto.news/crypto-trader-gcr-alleges-bribe-at-x-led-to-account-hack/" rel=""> Crypto trader GCR alleges bribe at X led to account hack </a>

FLOKI, WIF, BONK top gainers as meme coins take over markets

crypto.news

المزيد من المقالات نُشرت في ٢٧ مايو ٢٠٢٤

Could Trump’s win nix SEC crypto suits? Critics say he’s ‘pandering’ for votes

Aptos Records 116 Million Daily Transactions Due to Tap-to-Earn Game Hype

Bitcoin Hits $70,000 After Struggle

Trump Embraces Shiba Inu; BlockDAG Sells 9.9B Coins Post-Keynote Amidst IRNDR Trend

Ripple CEO Expresses Support for XRP ETF as Standard Chartered Forecasts 2025 Launch

Top 10 BSC and Binance Chain Cryptocurrencies by Development Frequency: BTCB, Dusk Foundation (DU...

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.