Bonk Investors Turn Attention to New meme coin ICO After Depreciation
Holders of the popular Solana meme coin Bonk ($BONK) have shifted their focus to a new meme coin ICO following a noticeable drop in value. Bonk experienced a 2% increase to reach $0.00001702 overnight, mirroring the performance of the market leader bitcoin ($BTC), which rose by 2.2% to trade at $57,932 at the time of writing.
Despite this recent uptick, Bonk has fallen behind bitcoin and other leading meme coins in comparison to its value two weeks and one month ago. Over the past fourteen and thirty days, bitcoin saw a 2.7% and 1% decrease, respectively, while Bonk's decline was steeper at 8.2% and 12.7% over the same periods.
Bonk Price Analysis – Insights You Need to Know
Among meme coins with billion-dollar market caps, Bonk has emerged as one of the weakest performers in recent times. Notably, compared to coins like Dogecoin ($Doge) and shiba Inu ($SHIB), which have shown more resilience, Bonk has struggled to maintain its value.
Dogecoin witnessed a modest 1% increase over the past two weeks, ending at $0.1018, despite a 2% monthly decline. On the other hand, shiba Inu experienced a 5.8% fortnightly drop and a 1.9% monthly reduction to close at $0.00001334.
pepe ($pepe), the leading non-Doge meme coin, recorded a 7.5% weekly decrease and an 8.8% monthly decline, now trading at $0.057297. Despite recent fluctuations, Bonk has shown signs of recovery, leading a 24-hour rebound among the top five shiba Inu-themed coins.
Although Bonk remains volatile, it is currently trading slightly above its 30-day average of $0.0001672, with a rising RSI of 60 indicating some stability in its market position.
meme coin Enthusiasts Embrace crypto All-Stars in $1.2 Million ICO
Viewed as a low-utility meme coin, the future relevance of Bonk hinges on community interest and how incentivized holders are to retain and promote their holdings. Investors seeking projects with more robust fundamentals may consider diversifying their portfolios through new presales that are reshaping the meme coin landscape in web3.
A notable example is crypto All-Stars ($STARS), a revolutionary unified staking protocol for meme coin fans that gathers the most popular meme coins in a single platform. Recent reports indicate that a prominent investor acquired $50,000 $STARS during a presale event.
Holders of pepe coin, Dogecoin, shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake their tokens in the MemeVault and earn passive income in $STARS, with a rewards rate currently set at 1,214%.
With 20% of tokens allocated for the presale, the remaining distribution includes 25% for presale staking, 20% for marketing, 10% for CEX/DEX listing, and 25% for the MemeVault ecosystem. Notably, the project surpassed $1.2 million in funding within two weeks of launching its presale.
Investors who participate in the presale can stake their tokens for rewards and claim the respective tokens at the end of the presale period. For those seeking more robust investment opportunities compared to Bonk, crypto All-Stars presents an enticing option. Visit the website to acquire $STARS using ETH, USDT, BNB, or card payments.
Stay updated on the latest developments by following crypto All-Stars on social media: X (Twitter) | telegram. Don't miss out on the crypto All-Stars presale – secure your $STARS tokens now!
