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Bonk and Pepe lead today's top gainers as this telegram bot token also gains traction

Monday, March 04, 2024 11:29 AM | Invezz via QuoteMedia

Bonk and Pepe lead today’s top gainers as this telegram bot token also gains traction

2024-03-04 11:29:25 ET

Bonk and Pepe lead today’s top gainers as this telegram bot token also gains traction

In the volatile world of cryptocurrencies, meme coins have been capturing the attention of investors, and today, two tokens stand out among the top gainers: Pepe and Bonk.

While Pepe and Bonk surge in value, another contender, Bitbot , gains traction as a Telegram bot token with promising potential.

Pepe price soars as investors ride meme coin momentum

Pepe (PEPE), a frog-themed meme coin, has seen a remarkable surge in price, reaching a new all-time high of $0.0000074.

With a market cap of $3.1 billion, Pepe has become the 8th most traded cryptocurrency globally, propelled by massive 24-hour trading volumes of $3.4 billion.

This unprecedented growth has been fueled by a combination of factors, including the announcement of Binance’s Simple Earn promotion, which attracted a flood of investors into the market.

Investors have flocked to buy Pepe tokens, outpacing popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).

Moreover, large Pepe futures liquidations indicate that short covering may be accelerating the rally, with over $7 million in short positions forced to settle recently.

As trading volumes continue to surge, Pepe’s momentum shows no signs of slowing down.

Solana’s Bonk token soars to new heights amidst FOMO

Bonk (BONK), a Solana-based meme coin, has also witnessed a meteoric rise, setting a new all-time high of $0.0000359 with a market cap of $2.2 billion. The token saw over $1.1 billion in spot trading volume in the past 24 hours, making it the 15th most traded cryptocurrency globally.

Fear of missing out (FOMO) appears to be driving demand for Bonk and other top meme coins, leading to substantial gains in a short period.

Despite the impressive rally, some analysts urge caution, citing overbought conditions indicated by Bonk’s Relative Strength Index (RSI).

While the meme coin space remains hot, a temporary pullback may be on the horizon based on current technical indicators.

Bitbot gains: Telegram bot token gaining traction

Amidst the frenzy surrounding meme coins, Bitbot emerges as a promising contender in the cryptocurrency space.

Bitbot is a non-custodial Telegram trading bot designed to provide users with institutional-grade tools in a secure and user-friendly package.

Its roadmap outlines plans for integration with decentralized and centralized exchanges, continuous innovation to keep pace with DeFi trends, and enhancement of trading technology.

Currently, Bitbot is conducting a presale, offering tokens at a discounted price. The current presale price is $0.0116 with plans for an increase to $0.0122 in the next presale stage.

So far, the Bitbot presale has raised $794,385, showcasing strong investor interest in the project’s potential.

Is it the right time to invest in Pepe, Bonk, and Bitbot?

While Pepe and Bonk have experienced significant price surges, investors should exercise caution and conduct thorough research before investing. The meme coin market is highly volatile, and prices can fluctuate rapidly.

However, away from the memecoins, Bitbot presents an intriguing opportunity for those interested in non-custodial trading solutions. Nevertheless, as with any cryptocurrency investment, it’s essential to consider the risks and potential rewards before making any decision.

The post Bonk and Pepe lead today’s top gainers as this telegram bot token also gains traction appeared first on Invezz

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