FLOKI, WIF, BONK make biggest gains as meme coins take over markets

The meme coin sector is once again gaining ground in the cryptocurrency markets thanks to its performance and notable growth.

Today’s top gainer, up 21%, is Floki (FLOKI), which currently stands at $0.0002813. The price surge for FLOKI followed the break of a horizontal level at $0.00023. Furthermore, after breaking above the $0.00023 level, FLOKI broke above a key resistance level at $0.00025. Now, FLOKI is heading towards its all-time high of $0.0003, second CoinMarketCap.

The price increase is due to the fact that Floki developers have launched a Telegram-based trading bot for FLOKI holders on the BNB chain net. The bot is expected to increase 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 purchase FLOKI on the open market.

The price pump for FLOKI could also come from other factors such as Coinbase adding the token to its perpetual futures listing and SEC approval Ethereum ETF. Since Floki operates on Ethereum (ET), would make sense for tokens built on the blockchain, like FLOKI, PEPPERAND SHIBto benefit from SEC actions.

FLOKI round-the-clock price from CoinMarketCap

After writing this piece, dogwifhat (WIFE) rose 23.25% and broke through the $3.25 resistance level. It currently sits at $3.33, pushing the market cap to around $3.35 billion, making it the 35th largest cryptocurrency by market cap, according to data from CoinMarketCap.

The WIF hovers close to the decisive zone around $3, mimicking the volatility of the last few sessions. In recent weeks, the token has continued to offer lower and lower swings, shedding more than 15% of last month’s gains. Meanwhile, the token has reached the $3 demand zone and may soon experience a pullback.

The increase in the price of the token does not have any external factors. It was simply “supposed” to increase based on the overall market sentiment towards the token over the past three months.

Around the clock price of WIF from CoinMarketCap

Today, BONK’s market activity included a price increase to $0.000039, reflecting a move of 13.11% over the past 24 hours, reaching a new all-time high. The market capitalization increased by 13.19%, reaching approximately $2.62 billion and positioning BONK as the 47th largest cryptocurrency of market capitalization.

According to data from CoinMarketCap, trading volume for BONK increased by 95.37% over the same period, totaling approximately $777 million. The BONK price, trading at $0.00003908, broke above the key resistance of $0.00003771. This is the closing price of the previous high of 2024, when BONK reached $0.00004800 during intraday trading hours.

Secondly, the aforementioned factor could reduce the bullish trend of the market, which could lead to a consolidation. BONK may witness a sideways movement between $0.00003939 and $0.00002833.

BONK 24 hour trading price from CoinMarketCap

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