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🔥🔥🔥 $BONK Price Leads #memecoin⁠⁠⁠⁠ Rally with a 122% Increase, Surpassing $PEPE Meme coins on the #Solana⁩ network, notably Bonk (BONK), are defying recent market volatility, showing resilience and significant gains. Over 12 days, BONK surged by 130%, outperforming peers like PEPE. This shift reflects growing investor confidence in higher-risk assets amidst declining enthusiasm for Bitcoin. Looking ahead, BONK's technical analysis suggests further potential for growth, especially if leading #cryptocurrencies like Bitcoin and #Ethereum regain momentum. Breaking past the critical resistance at $0.0000028 could propel BONK to new highs above $0.000030. However, risks exist, and a pullback may occur if BTC and ETH struggle, presenting buying opportunities at key support levels like $0.0000216 and the range of $0.0000152 to $0.0000186. Despite potential pitfalls, BONK maintains strong social presence and trading volume, indicating sustained investor interest. This suggests continued attention for BONK, particularly in improving market conditions. Investors eyeing BONK should remain cautious, looking for buying opportunities around $0.0000216 or within the range of $0.0000152 to $0.0000186. Surpassing $0.0000245 could signal further upward momentum, potentially reaching $0.0000299 and higher levels. Vigilance is key, especially if BONK struggles to attract buyers in the $0.0000152 to $0.0000186 range, indicating market weakness. Keeping a close watch on these levels will aid investors in navigating cryptocurrency volatility. Source - coinpedia.org #BinanceSquareTalks

🔥🔥🔥 $BONK Price Leads #memecoin⁠⁠⁠⁠ Rally with a 122% Increase, Surpassing $PEPE


Meme coins on the #Solana⁩ network, notably Bonk (BONK), are defying recent market volatility, showing resilience and significant gains. Over 12 days, BONK surged by 130%, outperforming peers like PEPE. This shift reflects growing investor confidence in higher-risk assets amidst declining enthusiasm for Bitcoin.

Looking ahead, BONK's technical analysis suggests further potential for growth, especially if leading #cryptocurrencies like Bitcoin and #Ethereum regain momentum. Breaking past the critical resistance at $0.0000028 could propel BONK to new highs above $0.000030. However, risks exist, and a pullback may occur if BTC and ETH struggle, presenting buying opportunities at key support levels like $0.0000216 and the range of $0.0000152 to $0.0000186.

Despite potential pitfalls, BONK maintains strong social presence and trading volume, indicating sustained investor interest. This suggests continued attention for BONK, particularly in improving market conditions.

Investors eyeing BONK should remain cautious, looking for buying opportunities around $0.0000216 or within the range of $0.0000152 to $0.0000186. Surpassing $0.0000245 could signal further upward momentum, potentially reaching $0.0000299 and higher levels. Vigilance is key, especially if BONK struggles to attract buyers in the $0.0000152 to $0.0000186 range, indicating market weakness. Keeping a close watch on these levels will aid investors in navigating cryptocurrency volatility.

Source - coinpedia.org

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#bitcoin #NFTs Break Records with $4 Billion in Sales Despite Market Downturn Bitcoin NFTs Defy Market Downturn, Reach New Sales High - Despite a significant downturn in the overall NFT market in May, Bitcoin-based NFTs achieved a new high in total sales volume. According to CryptoSlam data, Bitcoin NFTs surpassed $4 billion in all-time sales as of June 4, including $3.97 billion in legitimate sales and $82 million in wash trades. In May, Bitcoin NFTs led the market with $171 million in sales, outpacing #Ethereum ($159 million) and Solana ($90 million). Market Position and Comparison - Bitcoin NFTs, despite recent success, remain behind Ethereum, which leads with $43.8 billion in all-time NFT sales. Bitcoin ranks fourth, trailing Ronin ($4.2 billion) and Solana ($5.5 billion). Impact of the Broader NFT Market Slump - The overall NFT market saw a 54% decline in May, with sales dropping from $1 billion in April to $624 million. Bitcoin NFTs also experienced a 68% drop in sales during this period. High-Profile Losses - The market downturn significantly affected high-profile investors like Justin Bieber, whose NFT portfolio value dropped by over 90%. Bieber, who invested more than $2 million in NFTs in 2022, saw his investments in Bored Apes Yacht Club (BAYC), Mutant Apes Yacht Club (MAYC), and other collections plummet drastically in value. Conclusion While the NFT market has faced turbulence, Bitcoin-based NFTs have shown resilience, achieving new sales highs and outperforming other platforms in recent sales volumes. However, the broader market decline underscores the volatility and risk associated with NFT investments. Source - cryptoglobe.com #CryptoTrends2024 #BinanceSquareBTC
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