As the price of Bitcoin is getting closer to a new milestone at $110,000, the popular meme coins dogwifhat (WIF) and Bonk (BONK) are performing positively.
Crypto bulls may be aiming to recover some of the territory they lost in the past couple of weeks after the markets took a breather following a remarkable post-election rally.
So far this year, WIF accumulates gains of 1,557% as meme coins have captured the interest and attention of speculators and investors who see these assets as much more than mere “internet jokes”.
The power of community, a sense of belonging, and taking a stand on the “all-serious” financial industry have been some of the key drivers that have propelled the value of meme coins to unexpected heights.
BONK has jumped to the top 100 cryptocurrencies in the world this year. Since 2024 started, this dog-themed digital asset has seen its value nearly double while its market capitalization could soon cross the $3 billion mark.
Meanwhile, a new meme coin Crypto All-Stars could be set to pump next as its presale nears $20 million.
BONK and WIF Deliver Double and Triple-Digit Gains in 2024
A handful of major listings have been the primary cause for dogwifhat’s remarkable performance this year. In mid-November, Coinbase confirmed that it was bringing WIF, alongside other popular meme coins, to its platform.
This meant that billions of dollars in customer assets would be rapidly poured into this digital asset. Higher liquidity typically favors higher prices in the crypto space and this was not the exception.
Coinbase’s decision to list WIF came around 8 months after Binance went through this path. The liquidity that the global crypto exchange founded by CZ brought to the table propelled the price of the digital asset to its highest level on record at $4.6 per token.
However, despite the positive influence that Donald Trump’s victory has had on cryptocurrencies, WIF has not yet posted a new all-time high. Bulls see this as clear evidence that there’s still enough gasoline in the tank to propel dogwifhat to higher places in the charts as soon as the dust settles from this recent pullback.
Meanwhile, BONK has been persistently posting higher highs throughout the year and the tailwind provided by Bitcoin’s surge to the $100,000 level will likely benefit its run. BONK supporters claim that the token could ultimately surpass the $4 billion market cap once late buyers find their way to the market.
BONK millionaire Unipcs, who managed to turn a $16,000 investment on the token into approximately $18 million as of the beginning of October this year, said that traders should avoid being “underexposed” to this meme coin if they believe that “this bull market still has legs”.
He agreed with a forecast from Bluntz – a well-known crypto analyst on X – who mentioned that the recent retracement that BONK experienced in the past month could be opening up a “buy the dip” opportunity that may not come often during a bullish cycle like this.
i likely won’t be as active on X for the foreseeable future
(because i’m not as motivated to keep posting as frequently)
but i will say this:
1. Bluntz is right about BONK here: and history has shown he isn’t one to fade!
2. many are grossly underprepared for a scenario in… https://t.co/qHeefNbjzp
— Unipcs (aka ‘Bonk Guy’) (@theunipcs) December 13, 2024
According to Bluntz’ predictions, BONK may reach new all-time highs shortly after this move to take profits stops.
Is STARS The Next Meme Coin to Explode?
While established meme coins are seeing growth, a new project is capturing the attention of thousands of crypto enthusiasts.
Crypto All-Stars is a protocol that offers staking for the most popular meme coins in the space like PEPE and Shiba Inu (SHIB). The $STARS token enters the scene to reunite all of these meme coins, which are deposited into a secure platform known as MemeVault, to offer staking rewards to holders.
The APR for this protocol currently stands at 155% and the $STARS token has already raised nearly $20 million from early investors who have participated in the pre-sale. Once words get out that meme coins will start to produce staking rewards to holders, chances are that $STARS will experience a surge.
The presale ends in less than three days and the price of each $STARS token is currently set at $0.0016782.
BONK and WIF started small and made their way to the top of the ranks with the help of a growing community of followers and a robust base of die-hard early adopters. However, they can’t offer rewards to holders aside from price appreciation.
Crypto All-Stars comes to fill that gap by offering investors the chance to profit from HODLing their beloved meme coins in a safe protocol that has been audited by the German blockchain security firm SOLID Proof.
Visit Crypto All-Stars Presale
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