Why are Bonk and Pepe rising today?
Bonk (BONK): New Community Proposal Launched
Recently, Bonk (BONK) has been experiencing appreciation. Just in the past week, the value of the Bonk cryptocurrency grew from $0.000016 to $0.000020. Its market capitalization rose from $1.10B to $1.35B during this period. This price surge came after some optimistic news about Bonk. Notably, Bonk unveiled a new proposal to burn 280M BONK from its treasury.
From a technical analysis standpoint, this upward trend for Bonk may continue. For instance, this meme coin is trading above its 21 and 50-day EMAs. Additionally, 23 technical indicators are flashing green. Due to this, cryptocurrency experts predict a potential jump to $0.000033 by the second quarter of 2024 for Bonk.
Pepe (PEPE): Trading High After Coinbase Announcement
Meanwhile, Pepe (PEPE) is another meme coin making waves in this market. Notably, the value of the Pepe coin increased from $0.0000056 to $0.0000064 in the last seven days, and its market capitalization jumped from $2.37B to $2.69B. This surge can be attributed to the Coinbase announcement of launching Pepe futures trading.
Although this launch was subsequently delayed, the value of this meme coin continued to rise. Currently, Pepe is trading above its 21 and 50-day EMAs, with 21 indicators showing green. Thanks to all these optimistic news about Pepe, prominent market analysts predict an uptick to $0.0029 before the end of the second quarter of 2024, making it one of the meme coins to watch.
🙄Like, share, and follow!
Doing so would help us grow together on Binance.
