The BONK token has seen a surge in its 24-hour trading volume to $900 million, indicating possible whale activity. Although the price has experienced a temporary pullback, it is still up by 35.43% in the past week and has shown a significant return of 7,990.65% in the past year, outperforming major tokens like BTC, ETH, and SOL. The increase in trading volume suggests that short-term momentum could lead to a rebound in the price of BONK. Technical analysis also indicates that the token may be oversold and undervalued, potentially signaling a price bounce.
While BONK is a meme token without real fundamentals, marketwide waves often impact its price movements. Recent market catalysts such as the return of Roaring Kitty and the approval of multiple US Ethereum Spot ETFs may further drive the price of BONK upwards. Some predictions suggest that the price of BONK could reach $0.000040 within the summer. However, as the token already has a market cap of $1.7 billion, traders are looking for alternative low-cap meme coins with the potential for significant gains.
One such coin is Dogeverse, a Shiba Inu-inspired Solana meme coin that has garnered attention from meme enthusiasts, degens, and crypto fans. Dogeverse is the first Doge Meme token built on a multichain network spanning Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. Its cross-chain capabilities and recent success in raising over $15 million in its presale indicate strong potential for future growth. Traders believe that Dogeverse has the potential for a significant rally, with some suggesting it may have 100x potential.
Investors can stake DOGEVERSE tokens on Ethereum to earn passive income, making it an attractive option for those looking for passive income opportunities in the crypto space. Currently priced at $0.00031, DOGEVERSE is at its last fixed price before launch, indicating that it may see significant price increases once it hits the open market through exchanges. The presale for DOGEVERSE is ongoing, with the final opportunity to join before the official launch approaching soon. Traders are advised to stay updated on the latest developments regarding Dogeverse and consider the risks associated with investing in high-risk asset classes like cryptocurrencies.
