FLOKI, WIF and BONK are the biggest gainers as meme coins take over the markets

The meme coin sector is once again gaining ground in the crypto markets due to its remarkable performance and growth.

The main gainer of the day, up 21%, is Floki (FLOKI), which currently stands at $0.0002813. FLOKI’s price rally followed the breakout of a horizontal level at the $0.00023 mark. Furthermore, after surpassing the $0.00023 level, FLOKI broke through a key resistance level at $0.00025. Today, FLOKI is heading towards its all-time high of $0.0003, according to CoinMarketCap.

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

FLOKI’s price rise could also have come from other factors like Coinbase add the token to its perpetual futures listing and the SEC’s approval of Ethereum ETF. Since Floki operates on Ethereum (ETH), this would make sense for tokens built on the blockchain, like FLOKI, PEPEAnd SHIBto benefit from SEC actions.

FLOKI price over 24 hours from CoinMarketCap

In writing this piece, dogwifhat (Wireless) rose by 23.25% and broke through its resistance level of $3.25. According to data from CoinMarketCap.

WIF sits near the decisive zone around $3, mimicking the volatility of recent sessions. Over the past few weeks, the token has continued to generate smaller fluctuations, losing more than 15% of its gains in the past month. Meanwhile, the token has reached the $3 demand zone and may soon experience a pullback.

The increase in the price of the token has no external factors. It was simply “due” to rise based on overall market sentiment towards the token over the past three months.

CoinMarketCap 24-hour WIF price

Today’s market activity for BONK includes 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 increased by 13.19%, reaching approximately $2.62 billion and the positioning BONK as the 47th largest crypto by market capitalization.

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

Secondly, the above-mentioned factor could reduce the market’s uptrend, which could lead to consolidation. BONK could see a sideways movement between $0.00003939 and $0.00002833.

24-hour trading price of BONK from CoinMarketCap

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