The meme sector is once again gaining momentum in the cryptocurrency markets due to its remarkable performance and growth.
The biggest gainer of the day, up 21%, is Floki (FLOKI), which currently stands at $0.0002813. The rise in FLOKI prices came after the breakout of the horizontal level at the $0.00023 mark. Also, after breaking out from the $0.00023 level, FLOKI broke through the major resistance level at $0.00025. Now, FLOKI is heading towards an all-time high of $0.0003, according to CoinMarketCap.
The price rise is due to Floki developers launching a Telegram-based trading bot for FLOKI holders on the BNB Chain network. The bot is expected to boost demand for FLOKI tokens and contribute to increased 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 can also come from other factors such as Coinbase addition Token to Perpetual Futures List, SEC Approval for Ethereum ETFs. Since Floki runs on the Ethereum (ETH) network, it makes sense that blockchain-based tokens, like FLOKI, PEPE, and SHIB, would benefit from SEC action.
At the time of writing, Dojoifat (WIF) price is up 23.25% and has broken the $3.25 resistance level. It is currently valued at $3.33, pushing the market cap to approximately $3.35 billion, making it the 35th largest cryptocurrency by market cap, according to data from CoinMarketCap.
WIF is stuck near the price or breakout area around $3, mimicking the volatility of recent sessions. Over the past few weeks, the token has continued to offer low volatility, losing more than 15% of its gains last month. Meanwhile, the token has reached the $3 demand zone and may pull back soon.
The token price rise has no external factor. This was “due to” the increase based on the general market sentiment towards the token over the past three months.
Today, BONK market activity included 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 placing BONK as the 47th largest cryptocurrency by market capitalization.
According to data from CoinMarketCapTrading volume on BONK increased by 95.37% during the same period, reaching a total of about $777 million. BONK price, which was trading at $0.00003908, broke above the major resistance level 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 above factor may reduce the upside of the market, which may lead to consolidation. BONK may see sideways movement between $0.00003939 and $0.00002833.
