Shiba

Cryptocurrency

Bonk

Shiba Inu

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bonk-bonk-cryptocurrency-experiences-a-800-surge-in-2023/" data-wpel-link="internal">Bonk (BONK) Cryptocurrency Experiences a 800% Surge in 2023</a><br></p>
<p style="text-align: justify">The year 2023 witnessed the birth of numerous cryptocurrencies and the rise of several, including one of the year’s most popular meme tokens, <strong>Bonk (BONK)</strong>. The meme token became the center of attention as it recorded significant gains in the last quarter of the year, managing to be the top earner of 2023.</p> 
<h2 id="800-increase-in-bonk-value">800% Increase in BONK Value</h2> 
<p style="text-align: justify"><strong>BONK</strong> did not see much interest in the crypto space for most of 2023. However, it became a hot topic of discussion in December when its price began to rise significantly. CryptoDep recently highlighted this event in a tweet. According to the tweet, BONK’s price increased by more than 800% in 2023.</p> 
<p style="text-align: justify">While the popular meme token ranked first in terms of price increases among cryptocurrencies in 2023, INJ and <strong>PENDLE</strong> followed in second and third place, respectively. Analysis of the <strong>Santiment</strong> chart by experts revealed that BONK’s price has only gained upward momentum since December 3. The meme token reached its peak value of $0.00003 on December 15 when the bull rally began.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-296364 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/santiment-4.png" alt="" width="2048" height="693"></p> 
<h2 id="reasons-behind-bonk-s-rise">Reasons Behind BONK’s Rise</h2> 
<p style="text-align: justify">The bull rally also enabled the token to increase in value when compared to the second-largest meme token, <strong>Shiba Inu (SHIB)</strong>. Although many factors were involved, the price increase can be linked to <a href="https://en.coin-turk.com/binance-faces-uncertainty-in-obtaining-crypto-license-in-hong-kong/" data-wpel-link="internal">Binance</a>‘s (<a href="https://en.coin-turk.com/bnb-price-plunges-due-to-allegations-against-binance-will-the-drop-end/" data-wpel-link="internal">BNB</a>) listing of BONK on its platform. This event significantly increased the buying pressure on the meme token, stirring excitement within the community.</p> 
<p style="text-align: justify">While its price rose in mid-December, its popularity also increased, as evidenced by a significant rise in social volume. During this period, the weighted sentiment also increased, suggesting a prevailing bullish trend in the market. Although the past month was quite profitable for investors, things have started to change. According to data from the website <strong>21milyon.com</strong>, BONK has experienced a drop of over 25% in just the last seven days.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bonk-bonk-cryptocurrency-experiences-a-800-surge-in-2023/" data-wpel-link="internal">Bonk (BONK) Cryptocurrency Experiences a 800% Surge in 2023</a></h5>

Bonk (BONK) Cryptocurrency Experiences a 800% Surge in 2023

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