South Korea’s largest crypto change Upbit on Tuesday stated it’s going to record Solana meme coin Bonk immediately. Traders responded instantly as BONK value noticed a sudden 7% leap after the announcement, extending the rally this month to over 35%.
Upbit Lists Solana Meme Coin Bonk for Spot Trading
Crypto change Upbit in an official announcement on October 22 revealed the itemizing of one of the demanded digital belongings for spot buying and selling. The change has lastly determined to record Solana meme coin Bonk for spot buying and selling.
Users can begin buying and selling BONK in USDT pair from 06:00 PM KST on October 22. The deposits and withdrawals by means of networks different Solana networks just isn’t supported.
“BONK digital asset withdrawal charges are offered freed from cost for roughly 24 hours after the beginning of deposits and withdrawals, and charges are charged from the 24-hour mark, stated Upbit.
Transaction restrictions apply as traditional, with buying and selling restrict value decided based mostly on the value at CoinMarketCap. The crypto change additionally knowledgeable customers in regards to the minimal promote value restriction. Sell orders at costs lower than 10% of the day gone by’s closing value are restricted for roughly 5 minutes after buying and selling begins.
The Dog on Upbit❗️❗️❗️ https://t.co/BvYa6M7UiC
— BONK!!! (@bonk_inu) October 22, 2024
Recently, Bonk introduced plans to launch a BONK ETP in the US forward, sparking optimism over its future value actions.
BONK Price to Rally Ahead?
BONK value jumped 7% instantly inside an hour after Upbit introduced itemizing with USDT pair. Traders 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 transferring common (blue) is predicted to cross above its long-term transferring common of 200-DMA (pink). It is a bullish indicator and indicators an upcoming rally. The value targets are 0.000035 and 0.000045, as it’s at the moment bouncing from $0.0000232, a 0.236 Fib retracement stage.
BONK value immediately at the moment trades at $0.00002425. The 24-hour high and low are $0.00002304 and $0.00002485, respectively. Furthermore, the buying and selling quantity has elevated by 30% within the final 24 hours, indicating an increase in curiosity amongst merchants.
Furthermore, 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, probably anticipating vital value actions or traits.
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 information of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the large potential of those progressive future applied sciences. He is at the moment overlaying all the most recent updates and developments within the crypto business.
Disclaimer: The offered content material might embody the non-public 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 duty in your private monetary loss.
