BONK Goes Crazy! Solana Memecoins Explode as Traders Eye $200 Target for SOL

BONK has increased to around 22.52% in the past month and is currently trading at a $0.0000278 level with a 4.23% change in 24 hours. Solana (SOL) is one of the coins showing tremendous strength, increasing over 30% in one month; the next major target for Solana (SOL) is $200, which can act as strong resistance.

Another new crypto, DTX Exchange, is leading from BONK and Solana, which have doubled in a month. Analysts are expecting a huge inflow of the coin as it launches on the major exchanges around the world.

Solana (SOL) Ready For $200 Mark?

Solana (SOL) was created in 2017 by Anatoly Yakovenko and developed by Solana Labs. Initially, the SOL token was sold through private and presale rounds, with the final presale in March 2020 priced at $0.22.

Solana (SOL) made a strong comeback in July, with its price jumping 422.27% from $121 to the current level of $178.8. Solana (SOL) price is forming a strong bull flag, which is an uptrend continuation pattern. Solana (SOL)now ranks #5 in overall market cap at $83 billion.

The recent rebound in Solana (SOL) from the $130 demand zone has formed a double-bottom pattern, with the neckline at $185. After four consecutive bullish days, there’s a strong chance Solana might break through the $200 mark. Additionally, the trading volume has reached $3.4 billion, supporting the likelihood of continued upward movement.

What is Bonk (BONK) New Memecoin?

BONK is a meme coin built on the Solana (SOL) blockchain and was gifted to the community. Because it’s based on Solana, BONK benefits from high speed and scalability. According to its whitepaper, BONK aims to become the community coin of Solana, putting a strong emphasis on community engagement. Many refer to it as the “social layer” of Solana.

The name BONK comes from a popular meme of a dog getting bonked on the head. The creators, who remain anonymous, designed a custom logo for the project instead of using the original meme. Thanks to its technology, BONK works well with many Solana-related projects and has developed a complex ecosystem.

DTX Exchange Raising In The Dull Market

Solana (SOL) has increased by over 62,000% from its presale level of $0.22, and DTX Exchange is providing a similar opportunity in the second stage of the presale with tokens priced at just $0.04. DTX Exchange has transitioned from the Ethereum blockchain to its own DTX Layer 1 blockchain. This new layer ensures secure, robust, and transparent transactions on its hybrid trading platform, bridging the gap between traditional and decentralized assets.

DTX offers several advantages over traditional exchanges. Its hybrid model combines the security and transparency of the proof-of-work mechanism, providing an optimal solution for traders. The new blockchain architecture supports decentralized derivatives trading and a wide range of other financial instruments.

Supporting over 120,000 instruments, DTX offers unmatched processing speed and diverse applications. This advancement in the traditional blockchain model allows developers to create seamless products and experiences.

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