2024

Pepe

Bonk

Shiba Inu

<ul class="news-points"> 
 <li>BONK’s momentum indicators show that daily demand has declined.</li> 
 <li>On-chain indicators show that PEPE transactions remain profitable.</li> 
 <li>SHIB gears for a decline as the bears re-emerge.</li> 
</ul> 
Meme coins registered tremendous price rallies in the last month of the 2023 trading year. One such crypto asset was Solana-based dog-themed Bonk [BONK], whose value climbed by over 250% during the 31-day period, according to data from <a href="https://www.coingecko.com/en/coins/bonk" target="_blank" rel="nofollow">Coingecko</a>.&nbsp; 
Other coins, such as Pepe [PEPE] and Shiba Inu [SHIB], saw their prices increase by 25% and 28%, respectively, within the same window period.&nbsp; 
<h2 class="wp-block-heading" id="h-profit-taking-caused-bonk-to-plummet">Profit-taking Caused BONK to Plummet</h2> 
After peaking at $0.000032 on December 15, BONK initiated a decline. At that price level, the market had become severely overheated, and buyers’ exhaustion had set in. That price point also marked an all-time high causing many token holders to distribute their tokens.&nbsp; 
Trading at $0.0000136 at press time, the altcoin’s price has since fallen by almost 54%. As its price trends downward, daily demand has also begun to fall. Key momentum indicators assessed on a daily chart showed the token’s Relative Strength Index (RSI) and Money Flow Index (MFI) …
The post <a href="https://coinedition.com/how-meme-coins-bonk-shib-pepe-opened-the-2024-trading-week/">How Meme Coins BONK, SHIB, PEPE Opened the 2024 Trading Week</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

How Meme Coins BONK, SHIB, PEPE Opened the 2024 Trading Week

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