PEPE and BONK coin, two tokens inspired by popular memes, have experienced a notable 10% increase in value over the past week. Despite market fluctuations, their market cap has exceeded $1 billion, showcasing their resilience.
Following their recent addition to Transak, a prominent Web3 payment platform, there is speculation within the CryptoCrypto community about the potential for a significant surge in their valuation.
The Recent Surge in PEPE’s Network Activity
With the listing on Transak, a platform that streamlines and enhances the Web3 onboarding process, both PEPE and BONK coin are in a position to grow, becoming more accessible to both new and experienced crypto enthusiasts.
An analysis conducted by CryptoCrypto revealed a substantial increase in the number of addresses holding PEPE tokens, rising from 240K in mid-July to 275K presently.
This rise indicates a growing confidence among stakeholders, displaying optimism despite market fluctuations – as evidenced by BONK coin’s 5% uptick to $0.00001996 over the past 24 hours.
While there has been an uptick in value, BONK coin’s transaction volume has not experienced a significant increase. Despite the total transaction count surpassing 1 million, the daily volume remains below average levels.
Nevertheless, as Transak works towards introducing users to DeFi, tokens like PEPE and BONK coin serve as a welcoming entry point for newcomers.
Considering this, CryptoCrypto delved into the DeFi landscape, exploring how the listing might impact staking activities.
Optimism Among Bulls Regarding BONK Coin’s Future Growth
As part of the Solana blockchain, which ranks third in Total Value Locked (TVL) at $5.3 billion, BONK coin’s staking volume has reached $43 million – indicating a rising interest in utilizing BONK within the DeFi realm.
As previously mentioned, BONK’s volume has notably decreased from almost half a billion post-listing to $188 million currently.
Despite this, bulls have successfully prevented a significant pullback, edging BONK coin closer to its previous resistance level of $0.00002201.
On the other hand, PEPE has demonstrated a higher growth rate, showcasing increased resilience against market volatility and nearing its previous resistance at $0.00000950.
Summing up, both PEPE and BONK coin are gaining attention from stakeholders, reflecting a positive outlook on their future price movements.
Ultimately, beyond the listing, the trajectory will heavily rely on Bitcoin’s performance, particularly in the long run – a sustained positive sentiment in the network could propel both tokens to surpass their previous resistance levels.