- BONK’s price soars over 627% in the last 30 days as bullish momentum holds firm.
- Coinbase (NASDAQ:COIN) listing and the Federal Reserve’s interest rate decision fuel BONK’s surge to an all-time high.
- Solana’s impressive 600% rally in 2023 provides the foundation for BONK’s rise.
Solana‘s native memecoin, BONK, has recently been making headlines with its impressive market performance. In a span of just one month, BONK’s value has skyrocketed by over 627%. This rise follows the announcement of its listing on the crypto exchange Coinbase.
Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year – WIS https://t.co/Sk9l5Q3vs9— FOMC Alerts (@FOMCAlerts) December 14, 2023
Amid BONK’s upsurge, the broader cryptocurrency market also made robust gains following positive news from the latest meeting of the Federal Open Market Committee (FOMC). The Federal Reserve’s decision to maintain interest rates while planning cuts in 2024 provides a conducive environment for riskier assets like cryptocurrencies, with BONK emerging as a significant gainer.
As a result, according to CoinStats, the price of BONK has risen in the previous 24 hours from an intra…
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