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BONK and PEPE Poised for Surges in 2024, Will the Bulls Manage?

Published 01/06/2024, 01:01 AM
Updated 01/06/2024, 01:15 AM
BONK and PEPE Poised for Surges in 2024, Will the Bulls Manage?

  • 2024 could revive BONK and PEPE coins as they aim for new price peaks

  • BONK’s roller-coaster ride continues, but its expanding user base hints at potential 2024 highs.

  • Crypto analyst draws parallels between PEPE’s current trajectory and Dogecoin’s performance in 2020.

The crypto world is abuzz with the latest developments surrounding meme tokens, specifically Bonk Coin (BONK) and Pepe Coin (PEPE). Recently, BONK, a prominent meme coin in the Solana ecosystem, witnessed a 29.9% decline over the past week.

Moreover, BONK was still under selling pressure at press time, valued at $0.00001118, a 7.13% decline from the 24-hour high.

BONK/USD 24-hour price chart (source: CoinStats)

Initially gaining momentum as a promising cryptocurrency at the end of 2023, BONK’s journey has been a roller coaster of highs and lows. Despite a brief surge in price, on-chain data from Dune Analytics indicates a decrease in Bonk coin transactions, possibly fueling this latest price drop. However, the coin’s user base continues to expand, recently surpassing 109,800 users.

Pepe Coin’s Potential Upswing

In contrast, Pepe Coin (PEPE) is garnering optimistic forecasts fro…

The post BONK and PEPE Poised for Surges in 2024, Will the Bulls Manage? appeared first on Coin Edition.

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