BONK, SHIB, and FLOKI Recover, Meme Coin Skyrocketing Again?

Bittime – Bitcoin halving triggered an increase in the price of meme coins such as Shiba Inu (SHIB) and Floki Inu (FLOKI). Meme coins usually have fanatical fans and are inspired by memes on the internet, increasing in price this week. A sign that meme coin will skyrocket again? 

Meme Coins Soar Post Bitcoin Halving 

Bonk (BONK), Pepe (PEPE), Dogwifhat (WIF)

Leading the bulls, Bonk (BONK) has shown an impressive 98% increase in value over the past 5 days, according to Bittime Market data. Other meme coins such as Pepe (PEPE), Dogwifhat (WIF), Shiba Inu, and FLOKI have also enjoyed double-digit percentage increases over the same time period.

Bonk (BONK)

BONK to IDR via Bittime Exchange Naik +98%

Pepper (PEPPER)

PEPE to IDR via Bittime Exchange Naik +46,38%

Dogwifhat (WIF)

WIF to IDR via Bittime Exchange Naik +12,38%

Floki Inu (FLOKI)

FLOKI to USDT via Bittime Exchange Naik +30,59%

These upward trends among meme coins are often seen as a ripple effect of broader crypto market movements, where altcoins (alternative coins) typically see a rise in value following significant changes in the price of Bitcoin (BTC).

Bitcoin itself has experienced moderate gains following the long-awaited halving event on April 20, with its price hovering around $63,500. Despite declining slightly from its all-time high (ATH) of $73,750 on March 4, BTC prices have remained relatively stable since late February.

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Shiba Inu (SHIB and Floki Inu (FLOKI) Steal the Attention

Shiba Inu (SHIB), in particular, has shown tremendous growth, with a 190% increase ahead of the halving event. As the meme token with the second largest market capitalization, SHIB continues to attract investor interest, supported by community-led efforts such as token burns aimed at reducing circulating supply and potentially increasing the value of the token.

CryptoQuant data reveals that SHIB reserves on exchanges have shrunk to around 150 trillion tokens this week, marking the lowest reserve level since February 2022. This decline indicates the increasing scarcity of SHIB tokens available for trading, which could lead to a price increase if demand remains constant or increases .

Also Read TREAT: Successful Shiba Inu Project Attracts Large Investors

In a significant development for Shiba Inu, the project team raised $12 million in a funding round to develop a privacy-focused blockchain, as announced in a recent press release.

Floki Inu also made headlines with a rise of more than 40% over the past week. Despite the surge, the token has experienced declines over 14- and 30-day periods, with a drop of nearly 20% over the past month.

Floki Inu has expanded its reach further by partnering with Yasin Cengiz, a widely known internet celebrity, as its brand ambassador. Cengiz has a substantial following, with 15.6 million on TikTok and 1.5 million on Instagram.

The Solana Ecosystem is Fertile Ground for Meme Coins

The Solana ecosystem has become fertile ground for meme coins, with Solana-based tokens like BONK leading the charge with a gain of more than 98% in the past week, making it the top performer among the top 10 meme coins by market capitalization. Other Solana tokens such as PEPE and WIF have also seen significant increases, with PEPE up 46% and WIF by 12% over the same period. CoinGecko reported an overall increase of 32% in the Solana meme coin sector in the past week.

Dogecoin (DOGE), the pioneering meme coin, has also seen increased market activity, with trading volume surging in the wake of the Bitcoin halving event. This renewed interest has helped DOGE maintain a substantial share of the meme coin market capitalization. Currently, Dogecoin is trading at $0.1503, experiencing a 4% increase over the past week, despite a 7% drop in the last day and a decline

Also Read How To Buy Crypto:

Meme Coin Prices Soar Post Bitcoin Halving: Is It Time to Buy?

The meme coin market is excited again after the Bitcoin halving. Meme coins such as Shiba Inu (SHIB), Floki Inu (FLOKI), Bonk (BONK), Pepe (PEPE), and Dogwifhat (WIF) have seen significant price increases in the past week.

This increase was driven by a combination of factors, including the ripple effect of the Bitcoin halving, increased investor interest, and ongoing community efforts to increase the value of the token.

While current trends are positive, it is important to remember that the meme coin market is highly volatile and high risk. Investors should do their own research before investing in meme coins.

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How to  Buy Crypto from Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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BONK Price Prediction 2024 - 2030 

Floki Inu (FLOKI): This is the Latest Development in Memecoin, You Must Know!

This is the Price Prediction for Pepe Coin (PEPE) After Soaring 145% in a Week

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.