The cryptocurrency market has been booming lately. Some digital assets are reaching all-time high (ATH) prices. One of these examples is meme coin Bonk Inu (BONK).
The token reached its new high today after its price increased by approximately 13% on a daily basis (according to data from CoinGecko).
BONK’s uptrend started in early November when the entire crypto market was flashing green. This may be due in part to its connection to Solana (SOL). meme coinis described as the first Solana-dog cryptocurrency “for the people, by the people.”
solanaIt was one of ‘s best-performing crypto assets last month. Additionally, and it is important to remember that it rose to almost $70 about three weeks ago.
Koinfinans.com Another factor that may have contributed to BONK Inu’s 1,000% monthly price explosion, as we reported, was the overall bullishness in the meme coin world.
A number of such assets have been in the green over the past few weeks, including Shiba Inu (SHIB), Dogecoin (DOGE), Pepe Coin (PEPE), Floki Inu (FLOKI) and many more.