-->The cryptocurrency market is currently experiencing a notable increase in activity, especially among tokens associated with dog-themed cryptocurrencies.

Including BONK, a token built on the Solana blockchain, emerging as a frontrunner with a remarkable 12% increase in value.

This unexpected surge begs the question: Amid the current rally, which dog meme cryptocurrency will follow in Bonk’s footsteps and pump as well?

Dog-themed altcoins make profits

Dogecoin, the largest dog-themed cryptocurrency, has seen an incredible 18% increase in market capitalization, impacting other tokens such as Shiba Inu and Floki. Among them all, Dogecoin, Floki Inu, Shiba Inu and Bonk have made significant gains in the past 24 hours, with their current gains of 16%, 11.7%, 12% and 13.4% respectively.

The crypto market is linking this sudden surge in dog-themed tokens to an untimely impact of rumors related to the integration of crypto payments on the X/Twitter platform, which has fueled optimism in the market.

Other dog-themed tokens like BONK and Floki Inu have recently seen a surge in this sudden surge. Meanwhile, Floki’s rise is linked to plans to offer regulated digital bank accounts funded by Floki tokens, enabling international transfers. Bonk’s rise is related to Bitcoin’s rise.

Meanwhile, Dogecoin has more than 7.2 million non-zero addresses and has completed more than 313 million transactions since its inception. On-chain data shows that Dogecoin whales have increased overall activity, boosting optimism. On top of all this, Musk announced earlier this month that X is close to obtaining a California money transmitter license.

Rate Analysis Bonk

Despite market volatility, Bonk has shown resilience, steadily climbing from recent lows. Remarkably, the token surprisingly rose from $0.000025 to $0.000029 during Thursday’s trading session, marking a notable gain within a short period.

Several factors contributed to Bonk’s rise. BONK’s upward trajectory is in line with broader positive sentiment surrounding Bitcoin, the leading cryptocurrency by market capitalization. Bitcoin’s resurgence, which reached $71,000 again, has added to the overall optimism in the market, further fueling the rise in BONK and other dog-theme tokens.

Notably, an increase in investor risk appetite, particularly for Solana tokens, has driven Bonk’s rise.

The Way Forward: Can Bonk Keep Its Land?

The Solana ecosystem is still nascent, but there’s one question people still want to know: can Bonk keep his coveted spot in the top three? The current trend points to a continued need for high-risk, high-reward crypto assets, especially among dog lovers. However, the real test is yet to come. Only time will tell if Bonk can weather the rough seas of competition and maintain its place among the top crypto companies.

However, it seems that the rising trend is currently pulling almost all meme coins up with it. This situation also offers an opportunity to discover other meme coins. So you have DOGE20 and SLOTH that are attracting strong attention as potential candidates for the next rally. These coins, each with unique features and a dedicated community, offer the opportunity for investors to make decent returns.

Dogecoin20 (DOGE20)

On March 15, the crypto world was introduced to a new trend: the launch of Dogecoin 20 ($DOGE20), a meme coin that immediately attracted attention by raising a whopping $250,000 during the presale on its first day.

This impressive start underlines the lasting influence and potential of meme coins in the crypto market, a trend that started with Dogecoin. Despite originally being seen as a joke, Dogecoin has developed into a leading cryptocurrency with a market capitalization of $26.43 billion.

Now, ten years after the launch of Dogecoin, it seems that the potential for significant growth of this original meme coin is limited. This opens the door for a new chapter in the world of meme coins, with Dogecoin20 as the newcomer.

https://twitter.com/DOGE_COIN20/status/1772679064219685060

This altcoin distinguishes itself by running on the Ethereum blockchain, using the Proof-of-Stake mechanism instead of Proof-of-Work. This means a significant reduction in energy consumption compared to Dogecoin. Furthermore, Dogecoin20 introduces an attractive staking program, which adds extra utility and value to the coin.

Slothana (SLOTH)

In addition to Bonk, Slothana (SLOTH) also enjoyed a wave of popularity this week when the presale started. Many investors have taken notice of this new meme coin and consider it a profitable investment. Within days, the presale has already raised more than $2.5 million dollars.

Investors are putting their money into one of the most common pre-sales for a killer meme coin that will ship to holders shortly after launch. Slothana is an interesting crypto meme to look at, especially as it can resonate with investors due to the inherent message of the meme coin.

On the official website you can get Slothana at a rate of 1 SOL for every 10,000 tokens or approximately $0.018 per token. Once the presale is over, it is listed on the stock exchange and a form of FOMO (Fear of Missing Out) can continue to drive the price up.

Disclaimer: This article contains insights from independent authors and is not part of BitcoinMagazine.nl’s editorial content. This is not investment advice, please do your own research.

Source: https://bitcoinmagazine.nl/nieuws/bonk-pumpt-16-welke-dog-meme-crypto-gaat-stijgen-in-nieuwe-solana-meme-coin-rally



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