Coinbase Effect? Dogecoin Rival BONK Soars 75% — Analyst Projects '20x' Surge For The Meme Coin
Portfolio Pulse from Mehab Qureshi
Solana's meme token BONK has seen a 75% price surge after being added to Coinbase's roadmap, with its trading volume increasing by 140%. Dogecoin and Shiba Inu also experienced gains. Analysts are divided on BONK's future, with one predicting a 20x increase and another warning of a potential correction.
December 15, 2023 | 4:00 am
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Coinbase's addition of BONK to its roadmap has led to a significant price surge for the meme token, which could reflect positively on Coinbase's user engagement and trading volumes.
The listing of a new cryptocurrency on a major exchange like Coinbase often leads to increased trading activity and user interest, which can positively impact Coinbase's revenue and stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80