FLOKI, WIF, BONK top gainers as meme coins take over markets

The
meme
coin
sector
is
gaining
traction
again
in
the
crypto
markets
because
of
its
performance
and
remarkable
growth.

The
top
gainer
for
today,
rising
21%,
is
Floki
(FLOKI),
which
currently
sits
at
$0.0002813.
The
price
surge
for
FLOKI
followed
the
breakout
of
a
horizontal
level
at
the
$0.00023
mark.
Also,
after
breaking
out
from
the
$0.00023
level,
FLOKI
broke
through
a
key
resistance
level
at
$0.00025.
Now,
FLOKI
is
heading
toward
its
all-time
high
of
$0.0003,
according
to

CoinMarketCap.

The
price
rise
is
due
to
Floki
developers
launching
a
Telegram-based
trading
bot
for
FLOKI
holders
on
the

BNB
Chain
network.
The
bot
is
anticipated
to
boost
demand
for
FLOKI
tokens
and
contribute
to
buying
pressure.
The
bot
will
be
charged
a
1%
transaction
fee,
half
of
which
will
be
used
to
buy
FLOKI
on
the
open
market.

The
price
pump
for
FLOKI
could
also
have
come
from
other
factors
like
Coinbase

adding
the
token
to
its
perpetual
futures
list,
and
the
SEC’s
approval
of

Ethereum
ETFs.
Since
Floki
operates
on
the
Ethereum
(ETH)
network,
it
would
make
sense
for
tokens
built
on
the
blockchain,
like
FLOKI,

PEPE,
and

SHIB,
to
benefit
from
the
SEC’s
actions.

Upon
writing
this
piece,
dogwifhat
(WIF)
rose
23.25%
and
broke
through
its
resistance
level
of
$3.25.
It
is
currently
sitting
at
$3.33,
pushing
the
market
capitalization
to
approximately
$3.35
billion,
making
it
the
35th
largest
crypto
by
market
cap,
according
to
the
data
from

CoinMarketCap.

WIF hangs
near
the
make-or-break
zone
around
$3,
mimicking
volatility
in
the
last
sessions.
For
the
past
few
weeks,
the
token
has
continued
delivering
lower
low
swings,
losing
over
15%
of
its
gains
last
month.
Meanwhile,
the
token
has
reached
the
demand
zone
of
$3
and
may
get
a
pullback
soon.

The
token’s
price
increase
has
no
external
factor.
It
was
just
“due”
to
increase
based
on
the
market’s
overall
sentiment
towards
the
token
over
the
past
three
months.

Today,
BONK’s
market
activity
included
a
price
increase
to
$0.000039,
reflecting
a
13.11%
change
over
the
past
24
hours,
reaching
a
new
all-time
high.
The
market
capitalization
rose
13.19%,
reaching
around
$2.62
billion
and
positioning

BONK
as
the
47th
largest
crypto
by

market
cap.

According
to
data
from

CoinMarketCap,
the
trading
volume
for
BONK
increased
by
95.37%
in
the
same
period,
totaling
about
$777
million.
The
BONK
price,
trading
at
$0.00003908,
broke
above
the
key
resistance
of
$0.00003771.
This
is
the
closing
price
of
the
prior
2024
high
when
BONK
reached
$0.00004800
during
the
intra-day
trading
hours.

Secondly,
the above-mentioned
factor might
reduce
the
market’s
bullishness,
which
could
result
in
a
consolidation. BONK
could
witness
sideways
movement between
$0.00003939
and
$0.00002833.