South Korea’s largest crypto alternate Upbit on Tuesday mentioned it should record Solana meme coin Bonk right now. Merchants responded instantly as BONK worth noticed a sudden 7% leap after the announcement, extending the rally this month to over 35%.
Upbit Lists Solana Meme Coin Bonk for Spot Buying and selling
Crypto alternate Upbit in an official announcement on October 22 revealed the itemizing of some of the demanded digital belongings for spot buying and selling. The alternate has lastly determined to record Solana meme coin Bonk for spot buying and selling.
Customers can begin buying and selling BONK in USDT pair from 06:00 PM KST on October 22. The deposits and withdrawals by networks different Solana networks shouldn’t be supported.
“BONK digital asset withdrawal charges are supplied freed from cost for roughly 24 hours after the beginning of deposits and withdrawals, and costs are charged from the 24-hour mark, mentioned Upbit.
Transaction restrictions apply as typical, with buying and selling restrict worth decided based mostly on the value at CoinMarketCap. The crypto alternate additionally knowledgeable customers in regards to the minimal promote worth restriction. Promote orders at costs lower than 10% of the day past’s closing worth are restricted for roughly 5 minutes after buying and selling begins.
The Canine on Upbit❗️❗️❗️ https://t.co/BvYa6M7UiC
— BONK!!! (@bonk_inu) October 22, 2024
Lately, Bonk introduced plans to launch a BONK ETP in the US forward, sparking optimism over its future worth actions.
BONK Worth to Rally Forward?
BONK worth jumped 7% instantly inside an hour after Upbit introduced itemizing with USDT pair. Merchants anticipate a brand new all-time excessive because the Solana meme coin has consolidated for months now.
Bonk to make “golden cross” because the 50-day shifting common (blue) is anticipated to cross above its long-term shifting common of 200-DMA (pink). It’s a bullish indicator and alerts an upcoming rally. The worth targets are 0.000035 and 0.000045, as it’s presently bouncing from $0.0000232, a 0.236 Fib retracement stage.
BONK worth right now presently trades at $0.00002425. The 24-hour high and low are $0.00002304 and $0.00002485, respectively. Moreover, the buying and selling quantity has elevated by 30% within the final 24 hours, indicating an increase in curiosity amongst merchants.
Moreover, the open curiosity in futures has surged to over $300 million, reflecting a development of 20% within the final 24 hours. This spike implies elevated market participation and investor confidence as extra merchants are opening positions, doubtlessly anticipating important worth actions or developments.
Varinder Singh
Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a expertise fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the big potential of those modern future applied sciences. He’s presently protecting all the newest updates and developments within the crypto business.
Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
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