This Crypto Token Just Became a Top-30 Project Today on a 20% Move

Bonk (CRYPTO: BONK) is among the meme tokens that have clearly grabbed investors' attention. This Solana-based meme coin project has seen another impressive daily surge, rising 20.1% over the past 24 hours at 2 p.m. ET to become the 30th most-valuable cryptocurrency by market capitalization today.A significant amount of this move can be tied to momentum-driven moves among a range of other meme coins, most of which are rocketing higher in today's session. A mix of exuberance following the reelection of Donald Trump and newfound prospects of a much more favorable regulatory landscape for crypto in general have many investors betting that this marketwide rally can continue. And in order to capture the most upside possible, many speculators are turning to some of the most volatile tokens out there, with Bonk being a clear beneficiary.That said, there is one other key factor I think is worth diving into today as a key driver of this project's impressive move. Here's what I think investors may want to pay close attention to when it comes to Bonk heading into year-end.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool