Ethereum

dogwifhat

FLOKI

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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. 
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 <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"> 
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 <figcaption class="wp-element-caption">
 24-hour price of FLOKI from CoinMarketCap
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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
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</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
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</figure> 
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FLOKI, WIF, BONK top gainers as meme coins take over markets

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