CandleFocus BONK trends on Google as investors eye ETP listing
2024-10-21
Author: Content Editor
The meme coin Bonk has gained attention from investors as Bitcoin remains stable above $68,000, leading to a broader rally in the meme coin market. Bonk's price has risen 5.8% in the past day and 36% in the last 30 days, with a market cap of $1.71 billion. Its daily trading volume has increased by 76% to over $285 million. Bonk's rally was further fueled by news of a partnership with Osprey Funds to launch a Bonk exchange-traded product, aiming to provide easier access to crypto for traditional and institutional investors. Technical indicators and community sentiment suggest further upside for Bonk. The meme coin market as a whole has seen gains, with a total market cap of over $65 billion. Analysts predict a potential meme coin supercycle, with the market reaching its peak by the end of 2025.
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