Among the more interesting coins in the cryptocurrency market this week is Bonk (BONK). The meme coin has delivered a healthy surge of over 19,000% following its listing on multiple top exchanges during the last few months. Since October,...
Among the more interesting coins in the cryptocurrency market this week is Bonk (BONK). The meme coin has delivered a healthy surge of over 19,000% following its listing on multiple top exchanges during the last few months. Since October, BONK has surged tremendously.
Conversely, Dogecoin (DOGE) has failed to maintain positive action as price patterns suggest a decline in bullish momentum for the meme coin.
Meanwhile, InQubeta (QUBE) is an AI-based cryptocurrency that recently hit a milestone of over $7.1 million raised during its fast-selling presale stages.
InQubeta (QUBE) Presale Milestone Hints At Potential
Since InQubeta’s presale went live, the value of QUBE has been rapidly increasing. The token has jumped from $0.007 to $0.01925, representing 175% in returns for investors, provided the launch is successful and they are able to realize them.
InQubeta is a cryptocurrency platform that uses NFTs to provide investors with investment opportunities in the AI industry while sourcing funds for AI startups to grow. This positions InQubeta to potentially benefit from the AI boom. QUBE holders can also earn from the 5% reward pool by staking QUBE on the platform.
These benefits have caused serious demand for the token. InQubeta has so far sold over 654 million tokens and raised over $7.4 million during the ICO event.
Bonk’s (BONK) Exchange Listing Skyrockets Its Value
Bonk is a meme coin created to pull back investors to the Solana blockchain after the market scare that drove investors from Solana during the FTX crash in December 2022. Since then, details about the token have spread industry-wide, triggering buying pressure and bullish expectations for BONK.
Despite the token’s muted growth for most of the year, the interest spike it enjoyed in October led to a surge of over 19,000%. Experts have pegged Bonk’s rally to the listing chronicle that has been going on for months. The trading volume of BONK has been spiking.
Dogecoin’s (DOGE) Selling Pressure
On December 11, Dogecoin hit a new yearly high but fell afterward. According to Dogecoin’s price chart patterns, there are signs that the meme coin has entered into a somewhat bearish phase. This is when the MACD hits the trend line while it declines. When this happens, it means that selling pressure is greater than buying, and the value of the DOGE could continue declining.
With the year ending, the markets delivered remarkable upswings for many cryptocurrencies. Even though Dogecoin has declined, Bonk has pulled attention with its surge driven by exchange listings, while InQubeta has gained recognition by raising over $7.4 million in its crypto ICO. The presale offers investors a 15% bonus on QUBE purchases, allowing them to amass more tokens at a discount.
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