Bonk (CRYPTO: BONK) continues to chase Dogecoin (CRYPTO: DOGE) now Shiba Inu (CRYPTO: SHIB), performing slightly better than its two largest rivals in the last 24 hours.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7 day trend |
| Bonk (CRYPTO:BONK) | $0.00003949 | 2.98 trillion dollars | +2% | -8.4% |
| Dogecoin (CRYPTO:DOGE) | $0.4148 | 60.9 billion dollars | +0.2% | -8.1% |
| Shiba Inu (CRYPTO: SHIB) | $0.0000288 | 16.9 billion dollars | +0.2% | -10.1% |
Trader analysis
Cryptocurrency trader Cold Blooded Shiller noted that Bonk’s chart reflects a big weekly test:
The $BONK chart is another one that’s just a huge Weekly retest. pic.twitter.com/J4fc4LhsyQ
— Cold Blooded Shiller (@ColdBloodShill) December 11, 2024
Altcoin cryptocurrency trader Sherpa expects a pullback after the current sideways “cut” price movement:
$BONK ok now we resume up only after some chop https://t.co/J0nshfPpbe pic.twitter.com/pmpkwJJmN3
— Altcoin Sherpa (@AltcoinSherpa) December 10, 2024
Cryptocurrency trader Kadense Pengu explained that Bonk has been consolidating for a full year and is expected to reach new heights. Chimp of the North calls Bonk’s graphic “magnificent.”
Bonk Community News
Bonk officially announced a BURNmas update, which will see 203.75 billion tokens burned on Christmas Day, which has led to speculation among traders whether it will lead to a price rally at the end of the year.
You can also read: Chainlink (LINK) rises 93%: Whale accumulation and key partnerships drive the rally
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