The cryptocurrency market saw widespread declines with the start of the week. Amid the overall downturn, some cryptocurrencies like Bonk, BitTorrent, and Injective managed to post gains following their listings on major exchanges, making them some of the best cryptos to buy now.
Additionally, there is growing anticipation about an upcoming decision from the Securities and Exchange Commission (SEC) regarding a proposed Bitcoin exchange-traded fund (ETF). If approved, a Bitcoin ETF could potentially help reverse the recent declines across the cryptocurrency market.
In anticipation of the SEC decision and a bullish market, some traders are investing early in new cryptocurrency presales like Bitcoin ETF Token and Meme Kombat. By buying these new cryptocurrencies before they become widely available, early investors hope to benefit if the cryptocurrencies gain popularity after launch.
The Solana-based meme cryptocurrency Bonk has risen to become the third-largest meme coin by market capitalization, with a huge 320% growth over the past month.
Its market capitalization now stands at roughly $700 million. Listings on major exchanges such as Binance and KuCoin, coupled with a surge in futures trading, have contributed to this growth.
Bonk’s correlation with the Solana coin’s performance and the broader market sentiment is also worth noting, as fluctuations in Solana’s price have recently paralleled those in BONK’s market action.
BitTorrent has also surged by more than 165% in the past week, pushing its monthly gains to 174%. The token’s trading volumes have soared, especially on Binance, where it has been trading a little over $117 million as of writing.
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