- Binance lists USDC pairs BONK and FLOKI.
- The price of the two tokens has moved down despite the recent development.
Looking at the overall trajectory of crypto since the start of this year, we can safely say that memecoins have gained the most. In the case of coins like BONK [BONK] You can also find out more about the following: Floki [FLOKI]The rally may continue.
Binance has recently added BONK and FLOKI USDC pairs to its platform. Binance being one of the biggest Centralized Exchanges in the crypto-space, this development may benefit the memecoins at a great extent.
Binance’s huge user base allows tokens to be seen by a wider audience. This can attract new investors. BONK, FLOKI and other tokens could see a surge in popularity. This would likely drive up the price of BONK or FLOKI. This could increase the value of the tokens, and allow them to flip WIF or PEPE into the club’s top 3.
BONK continues bleed
The price of BONK and XRP has dropped over the past 24 hours despite this new update. BONK saw a drop in price of 2.16 % and traded at $0.00002582 when this article was written.
The correction formed part of a bigger trend that began on 4th March. The price of BONK dropped materially after testing $0.00004820, while showing multiple lower lows as well as lower highs. This indicates a downward trend.
After the price dropped to the level of $0.00001934, the upward trend began. This could be due to the Binance recent update.
The increase was however not enough to change the trend. Bonk’s CMF declined as well during this period.
FLOKI Holders can still be hopeful
FLOKI on the other had a correction of 7,72% over the past 24 hours. FLOKI’s price at the time of publication was $0.0002332.
When viewed in the context of SHIB’s price history, a price drop by 7% may seem significant.
Here’s a list of realistic and not-so-realistic images. FLOKI’s market cap in BTC’s terms
The price was still observed to be moving particularly close to the $0.0002558 level which had been tested multiple times. The price of FLOKI could test $0.0003092, which has been previously tested.
The RSI, however, was 48.31 when this article was written, indicating the possibility of a sideways movement for some time, before a major move either way.
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Source: ambcrypto.com