December 7, 2023 10:49 PM | 1 min read
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
BONK (CRYPTO: BONK), the meme coin based on the Solana (CRYPTO: SOL) blockchain, has shown a surge of 36% within the last day, outperforming top cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and even the original dog-themed meme coin, Dogecoin (CRYPTO: DOGE).
What Happened: The price hike has propelled BONK to the forefront as the current top performer on the CoinMarketCap top performer list, with its trading value reaching $0.000010.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
While BONK celebrates its ascent, Bitcoin, Dogecoin and Shiba Inu (CRYPTO: SHIB) experienced a slight downturn with a 1-2% decrease. Ethereum saw a 5% increase on Thursday evening.
Amidst its upward trajectory, BONK reached a new all-time high, achieving $0.000011 on Thursday.
In the last 30 days, BONK skyrocketed over 946%. This surge is largely credited to the burgeoning investor interest surrounding the Solana blockchain platform, the technological backbone for BONK’s operations.
The rise in trading activity also comes as KuCoin, a crypto exchange, also listed BONK this week via the BONK/USDT trading pair.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Data from LunarCrush revealed that BONK’s Social Dominance has skyrocketed by 116.3%, amounting to over 35.23 million social interactions. This metric, known as Social Dominance, is an indicator of a cryptocurrency’s footprint, often referred to as the “share of voice” across social media data.
BONK witnessed its trading volume balloon by 108.67%, reaching $196 million over a 24-hour period, according to the latest CoinMarket data.
Photo by rafapress on Shutterstock
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
