๐ฑ๐๐BONK up 40%, FLOKI up 20% โ Is the Meme Coin craze returning?
Bonk's social volume increased and she started trending on social media.
#floki 's metrics also showed an upward trend.
As market conditions changed, memecoins used the opportunity to increase their value.
#BONK surprised investors
Days after Bitcoin [BTC] fell by a fourth half, the market witnessed a pump as crypto prices rose. Among the rest, BONK was one of the top earners, as its value increased by 40% in the last 24 hours alone. Dec.
According to Coinmarketcap, at the time of writing, the meme coin was trading at $0.00002145 with a market capitalization of over $1.4 billion.
The good news is that BONK's trading volume has also increased by over 200%, becoming the basis of the bull rally. Meme coin has also become a topic of discussion in the crypto space as its Social Volume has increased.
FLOKI is also following the trend
While the BONK has risen by 40%, the FLOKI has also been on the rise as its value has increased by more than 20% in the last 24 hours. At the time of the press, it was trading at $0.0001744 with a market capitalization of over $1.6 billion.
The metrics of the meme coin also seemed quite optimistic.
Realistic or not, here is the BONK market value under the terms of BTC
Floki's Obvious Interest increased along with its price. Also, the Financing Rate was low. Usually prices tend to move in a different direction from the Funding Rate - this was a sign that floki's upward trend may continue.
Floki's macd indicated the possibility of a bullish transition. The Chaikin Money Flow (CMF) also moved north, indicating that the price of the meme coin may increase further in the coming days.
