BONK is showing signs of a spirited ascent. The memecoin was recently listed on Robinhood, and its price soared by 19%. However, after reaching a peak price of $0.000045, the BONK token underwent a correction, with its price adjusting downwards to $0.000029, a 32.56% correction.
Bitcoin’s (BTC) price is anticipating a rally, which would help the cryptocurrency recover its recent losses. The institutions are the key to this, but retail investors are also gaining prominence in the market.
This would give BTC the necessary boost to break out of the current downtrend.