TL;DR

• Bonk Inu (BONK) reached a brand new all-time excessive, buoyed by Coinbase’s help and its affiliation with the high-performing Solana (SOL).
• BONK’s market cap peaked at round $900 million, rating it seventy fifth in the complete market and third within the memecoin sector.
• The coin’s success might be partly attributed to Solana’s current surge, with SOL’s worth rising considerably.

The most recent sensation within the cryptocurrency sector – Bonk Inu (BONK) – retains making the headlines. The Solana memecoin tapped a recent all-time excessive worth on December 14, indicating that its uptrend is nowhere close to its finish.

One attainable cause behind the most recent surge might be the interplay coming from Coinbase. The main cryptocurrency alternate added BONK to its record of supported digital belongings, warning that the providing is likely to be “restricted in some supported jurisdictions.”

This comes shortly after Coinbase put the memecoin on its experimental section often called a “roadmap.”

Aside from reaching a brand new ATH, BONK additionally noticed its market capitalization rise to a peak of $900 million. This positioned the token because the seventy fifth largest in the complete realm and the third largest within the memecoin sector, with the primary two being Dogecoin (DOGE) and Shiba Inu (SHIB).

One other issue which may have performed a task in BONK’s spectacular worth efficiency might be its connection to Solana (SOL). The latter has been certainly one of crypto’s greatest performers prior to now a number of months, not too long ago surpassing the $70 mark (a 600% enhance in comparison with January 1, 2023).