Bonk And Frog Wif Hat Token Price Pump 50% In 24 Hours - ATH Next?
Bonk (BONK) and Frog Wif Hat (FWIF) token are leading the meme coin rally with almost 50% gains in the last 24 hours.
Amid the unprecedented boom in the crypto market and the Bitcoin price over $60k, the meme coin sector has taken the center stage, in a significant uptrend since the beginning of the week. This development suggests that the meme coin mania might be back with the growing appetite for Bonk and Frog Wif Hat potentially sending their price to new all time highs.
Bonk
Bonk started the new year on a strong note after reaching its all-time high of $0.00003416 in December 2023, courtesy of its multiple listing on Binance and Coinbase.
While it recorded a slight drop within a few days into the year, the Bonk price began to recover all the losses after the approval of Bitcoin ETF filings triggered a bullish sentiment in the general crypto market.
Overall, the Solana-based meme coin, according to CoinmarketCap, has attained a price growth of more than 2823% since its market debut. In the last 24 hours, it recorded a close to 85% rise in trading volume, thanks to its impressive community sentiment.
At press time, Bonk trades at $0.000024, meaning it might be close to achieving a new all-time high. To retest its all-time high, Bonk needs another 50% rise which is quite possible considering the current situation in the general market and the positive sentiment around the token.
With its integration with multiple aspects of the Solana network, the token has already hit the ground running and currently sets its sights on reaching $0.000026 before the end of February.
Frog Wif Hat
Frog Wif Hat is another meme coin that has persisted at a high level amid the massive surge in the price of Bitcoin.
Although its market cap is still relatively low, this coin has already positioned itself as a strong contender in the highly competitive meme coin space, thanks to its price performance since its Uniswap listing.
Frog Wif Hat is recognized as one of the top gainers in the market this week and has jumped up by about 50% in the last 24 hours, according to DexScreener.
Amid the reinvigorated interest in meme-inspired coins, Frog Wif Hat has been reeling in savvy investors who see the token as a desirable asset to hold within a short span of time.
It is no coincidence that it spiked by more than 800% hours after its fair launch on Uniswap. In the last 48 hours, this low-cap meme coin traded between the range of $0.001214 and $0.001517.
Being a brand new meme coin, it seeks to follow in the footsteps of other successful meme tokens, especially Dogwifhat (WIF) since they both share the same concept.
Like Frog Wif Hat, Dogwifhat also started as a low market cap project before transforming into one of the fastest-rising meme coins in the market right now, boasting a market cap of about $800 million at press time.
Frog Wif Hat aspires to replicate the same success and given the current hype around it, the token might be getting set for another impressive price movement that will propel it to retest its all-time high of $0.004527.
Conclusion
Bonk and Frog Wif Hat suddenly became the subjects of interest after their impressive performances on the price charts in the last 24 hours. While it may be too early to speculate new all-time highs for these tokens, the growing appetite for meme coins along with the bullish trends in the general market have positioned them for massive gains.
The Bonk price, in particular, has been riding high on the meme coin’s integration with multiple decentralized apps on Solana to go up with the aim of retesting its all-time high. Frog Wif Hat, on the other hand, is also capitalizing on its Uniswap launch to gain exposure to a wide range of investors.
With its performance in the past few days, experts feel the meme coin will soon go on a string of multiple exchange listings, thereby positioning it for massive growth. Hence, investors are encouraged to keep close tabs on these tokens and monitor their price movements.
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