The meme coin sector is gaining traction again in the crypto markets due to its performance and growth.

Floki (FLOKI) Surges 21%

Floki (FLOKI) has emerged as the top gainer today, rising 21% and currently priced at $0.0002813. This price surge follows the breakout of a horizontal level at $0.00023 and subsequently breaking through a key resistance level at $0.00025. FLOKI is now approaching its all-time high of $0.0003.

The increase in FLOKI’s price is attributed to the launch of a Telegram-based trading bot by its developers on the BNB Chain network. This bot is expected to boost demand for FLOKI tokens, with a 1% transaction fee, half of which will be used to buy FLOKI on the open market.

Other contributing factors include Coinbase adding the token to its perpetual futures list and the SEC’s approval of Ethereum ETFs. Since Floki operates on the Ethereum network, it is likely that tokens built on this blockchain, such as FLOKI, PEPE, and SHIB, will benefit from the SEC’s actions.

Dogwifhat (WIF) Rises 23.25%

Dogwifhat (WIF) has seen a 23.25% increase, breaking through its resistance level of $3.25 and currently sitting at $3.33. This surge has pushed its market capitalization to approximately $3.35 billion, making it the 35th largest cryptocurrency by market cap.

WIF has been hovering near the make-or-break zone around $3, showing volatility in recent sessions. Despite losing over 15% of its gains last month, the token has reached the demand zone of $3 and may experience a pullback soon. The recent price increase appears to be driven by market sentiment over the past three months.

BONK Achieves New All-Time High

BONK’s market activity today included a price increase to $0.000039, reflecting a 13.11% change over the past 24 hours and reaching a new all-time high. The market capitalization rose 13.19%, reaching around $2.62 billion, positioning BONK as the 47th largest cryptocurrency by market cap.

Trading volume for BONK increased by 95.37% in the same period, totaling about $777 million. The price, currently at $0.00003908, broke above the key resistance of $0.00003771, which was the closing price of the previous 2024 high when BONK reached $0.00004800 during intra-day trading hours.

BONK might experience reduced market bullishness, potentially leading to consolidation. The token could witness sideways movement between $0.00003939 and $0.00002833.

For more updates and in-depth news on the cryptocurrency market, stay tuned to Global Crypto News.

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