While Bonk Price Climbs with $500 Million Volume, This Dog Coin Tops $5.35 Million
Solana-based meme token BONK has joined the rest of the crypto market in the ongoing bloodbath in values.
According to CoinMarketCap, BONK has declined by 13.41% in the last 24 hrs, marking a sharp reversal from its previous bullish trend.
Despite this recent dip, $BONK has shown impressive trading volume, reaching $500 million in the last day.
Despite its recent price decline, the token’s high trading volume indicates persistent interest and activity, a testament to its enduring popularity as one of the best meme coins to buy today.
$BONK
One of the only charts I can see out there showing relative strength…
Trend looks strong so I opened a long this morning. Clean invalidation level.
3.2R seems a good trade. pic.twitter.com/piOxZncMdW
— Posty (@PostyXBT) July 3, 2024
BONK price chart for July 3 Source: TradingView / BONKUSD
And amid this setback, BONK is still a top rated token in the Solana ecosystem.
The token’s performance continues to be influenced by developments within the Solana ecosystem, including the recent news of VanEck filing for a Solana ETF.
VanEck & 21Shares just filed a form for $SOL ETF.
Once it's approved, the biggest SOL altseason will start.
So I scanned 350 SOL coins and bet on 9 ones with 50-100x upside.
They could be the next $WIF and $BONK pic.twitter.com/gIjji1z5PQ
— Pepesso (@0xPepesso) June 29, 2024
Regardless, investors sentiment around BONK appears to be mixed in light of these recent developments.
Some investors view the current dip as a buying opportunity while others seem wary of the price instability.
Newer Meme Token Promises Bigger Gains
While BONK seems like one of the most talked about meme coins in the market, it won’t be the only token to enjoy substantial returns in the coming weeks.
There are other promising new tokens that have been racking up interest from investors as they get ready to go public. One of these coins is the PlayDoge (PLAY) project, which has raised over $5.35 million in its sale so far.
PlayDoge is a new P2E gaming platform where players breed and trade virtual pets, capitalizing on the booming Web3 trend.
With P2E games projected to reach $8.8 billion in revenue by 2028, PlayDoge offers exciting fundamentals beyond its meme coin status.
Inspired by the classic Tamagotchi, PlayDoge encourages users to care for their virtual pets. Feeding, training, and interacting with these digital companions earns users $PLAY tokens.
This focus on utility incentivizes users to acquire and hold $PLAY, especially during the presale. Active players can earn $PLAY tokens, while holders can benefit from staking rewards.
Participating in the presale offers a lower entry point than waiting for a potential price increase upon exchange listing.
With over $5.35 million raised so far, the PlayDoge presale is still open for interested individuals.
The current price of PLAY is $0.0051 per token, but this price will continue to increase incrementally until the presale concludes. Visit the official PlayDoge website to learn more and participate.
Visit PlayDoge Now
The post While Bonk Price Climbs with $500 Million Volume, This Dog Coin Tops $5.35 Million appeared first on Cryptonews.
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