Memecoins: Fueling Crypto Boom Post-Bitcoin Halving?

Bitcoin halving often creates significant upward opportunities for altcoins and the entire crypto asset space in general. Memecoins, including DOGE, take advantage of this same period to make impressive gains. However, it is important to know what the future holds, especially with this market constantly changing. Let’s discover the predictions for Shiba Inu and BONK Coin.

Crypto – Memecoins Surge After the Bitcoin Halving!

Since the last Bitcoin halving, Shiba Inu has been among the crypto assets that stand out for their gains. Indeed, within 24 hours, its trading volume reached the staggering sum of 1.193 billion $. As a direct consequence, the price of SHIB soared by 2.23%, now trading at 0.000024 USD.

This surge is not a coincidence, according to experts. Indeed, they predict that the SHIB rally could well continue in the coming days. Some even do not rule out the possibility of a new all-time high for this cryptocurrency by the end of this month.

Predictions for Bonk

Shiba Inu is not the only memecoin to benefit from this favorable dynamic. Bonk Coin (BONK) is also experiencing a spectacular rebound. Boosted by the wave of optimism sweeping the crypto market, this humorously themed token also saw its price soar by more than 8%.

Analysts expect that BONK might close above the psychological threshold of 0.00002210 USD. Thus, nothing could prevent it from aiming for levels of 0.00002507 USD, or even 0.00002948 USD in the short term.

A Likely Trigger of Significant Increases

Many experts agree that the recent gains of memecoins might well herald a widespread upward trend. When these crypto assets start to soar, it reflects an increased appetite for risk on the part of investors. This trend generally has the effect of attracting capital towards altcoins, considered to be more speculative than Bitcoin or Ethereum.

Let’s remember that if this analysis proves correct, the summer of 2024 could hold pleasant surprises for crypto holders. Shiba Inu, Bonk, and the rest of the memecoins would then only be the forerunners of a much larger and more sustainable groundswell movement.