After having a look at the general trajectory of the crypto market since the beginning of the year, it is safe to say that the memecoin sector has gained the most in this period. For coins such as BONK [BONK] and Floki [FLOKI], the rally could continue.
The reason would be Binance’s recent listing of BONK and FLOKI’s USDC pairs on its platform. As Binance is one of the largest Centralized Exchanges (CEX) in the crypto space, the development could benefit these memecoins to a large extent.
Binance’s vast user base exposes the tokens to a much wider audience, increasing their visibility and potentially attracting new investors. This can lead to a rise in demand for BONK and FLOKI, which could drive their prices up. It could also increase the market cap of these tokens and help them flip WIF and PEPE to enter the top 3 memecoins club.
$bonkcoin