Key Takeaways:
- The PONKE meme coin got listed on Bithumb along with another Solana-based token Raydium.
- Following the listing, the PONKE coin’s market value surged above 15% in the crypto market.
- The market sentiment for the famous meme coin is currently “bullish” with the Fear & Greed Index showing “Extreme Greed”.
The PONKE coin surge has reached above 50% in the last 7 days. The PONKE is a meme coin based on the Solana platform. It is a character-based token that is widely known for its high volatility and price swings in the market. The coin has surged over 15% in the last 24 hours making it one of the key coins, which is expected to explode in the market in the coming days. In this article, we will discuss the coin’s sudden spike in the market, the factors that influenced this surge, and also discuss how the coin will fare in the market in the coming days.
PONKE Current Market Analysis
The PONKE coin is currently ranked #149 in the crypto market based on the total market capitalization. The coin commenced its bull run on the market today, 19th November 2024. At that time, the price of the coin was $0.7077. From there, the coin rose exponentially in the market bringing huge profits to its holders. With a registered growth rate of 15.34% in the last 24 hours, the coin is now trading at $0.8121.
During the bull run today, the coin reached as high as $0.8383. With a trading volume that exhibits a growth rate of 52.5% from the last day, the market capitalization of the coin has already crossed $450 million. With the way the coin is growing in the market and the meme supercycle in session, the meme coin is expected to rise even higher in the coming days.
Bithumb Listing And The PONKE Breakout
Ponke along with the Raydium coin were officially listed in the Bithumb today. As one of the largest South Korean crypto exchanges, the listing had significantly impacted the price of the coins in the market. The PONKE especially had registered a surge of over 15% from the previous day.
The full trading of the coins on the Buthumb exchange will begin at 5:00 PM KST today,19th November. This listing marks the focus of the South Korean exchange to expand the options that are available to the traders. The listing has also attracted the attention of a lot of traders and investors alike who are looking to make a profit from this event.
To ensure the secure trading of the assets, the Bithumb has introduced several transaction restrictions on the coin. In the first five minutes, buying orders were paused, and selling orders were limited to -10% to 100% of the base price. Automatic orders will activate following the initial transaction, enabling a controlled entry of the coin into the KRW market.
PONKE Short-Term Price Prediction: What To Expect In The Coming Days
Now that we looked into the coin’s current performance in the market and the factors that have significantly influenced this performance, let’s take a sneak peek into the coin’s future. For this, we have prepared a detailed price prediction table for the coin. Kindly refer to this table to gain insight into the coin’s future performance in the market for the days to come.
| Date | Expected Price | Potential ROI |
|---|---|---|
| Nov 20, 2024 | $ 0.808541 | 0.11% |
| Nov 21, 2024 | $ 0.852183 | 5.48% |
| Nov 22, 2024 | $ 0.908388 | 12.45% |
| Nov 23, 2024 | $ 0.977034 | 20.92% |
| Nov 24, 2024 | $ 1.053529 | 30.25% |
While referring to the table, keep in mind that the above-given prices are susceptible to changes in market trends and may vary accordingly.
Is It a Good Time To Invest In The Ponke Coin?
The overall community sentiment toward the PONKE meme coin is indicating a “Bullish” trend. As per the information provided by numerous tier-1 analysts of the markets, the coin is expected to rise by 228.84% and reach a value of $2.66 by the beginning of the second half of December. The meme coin is currently trading its 17/30 days in the green with a volatility rate of 13.99% based on the past 30 days.
The PONKE coin’s Fear & Greed Index is currently showing a value of 90 indicating “Extreme Greed” in the market. Based on this forecast, it is the ideal time to invest in the PONKE meme coin. However, you should keep in mind that the PONKE is a meme coin and is one of the most volatile coins in the market. So, it would be better if you conduct thorough research on the trends in social media and the market before proceeding with the investment.
The live price of the PONKE meme coin for the day is $8.121(at the time of the article’s writing) indicating a rise of 15.34% from the previous day.