Binance Connect Plug Pull Triggers Bearish Trend for ApeCoin & Luna Classic as Prices Plummet While New Sonik Meme Coin Sees Rapid Ascent to $122k in 48 Hours
The crypto market is currently going through a tough time. Big coins like ApeCoin (APE) and Luna Classic (LUNC) are feeling the pinch, with their prices dropping drastically over the last 7 days.
APE, the token connected to the Bored Ape Yacht Club NFT collection, has taken a hit, and LUNC, which hangs around from the Terra ecosystem's past, is also not having the best time on the trading front.
But amidst all of this, there's a fresh meme coin in town - Sonik Coin ($SONIK). This coin is turning heads with its cool Stake-to-Earn idea. Within a day since its launch, it has managed to gather up more than $120k in 48 hours, thus it one of the best cryptos to buy now.
This shows that the hunger for meme coins isn't fading, despite bad market conditions. But before we dive into Sonik Coin, let's take a quick peek at why APE and LUNC are struggling.
Binance's Sudden Shift - APE and LUNC Under Pressure, Spotlight on a Rising CoinThe crypto world has been on a bit of a selling spree lately. Why? Well, Binance, the largest crypto exchange in the world, made a surprise announcement. They're pulling the plug on their buy-and-sell platform, Binance Connect.
Just a year after it started, they're shutting it down. The reason? Binance wants to put all its energy into its main stuff and its long-term goals.
But even though Connect only dealt with about 50 cryptocurrencies, this news set off a chain reaction. Major coins and tokens got caught up in a selling wave.
As a result, coins like ApeCoin (APE) took a hit. Why? Because people started worrying that the hype around the Bored Ape NFT collection, which is connected to APE, might be fading.
In addition, Luna Classic (LUNC) is also going through some tough times. The community has been at each other's throats after the Terra project's massive fall earlier this year.
This struggle of bringing things back to life is causing some serious instability and fears.
So, this unexpected move by Binance has made a lot of folks in the crypto world feel a bit uncertain. However, amid all of this turbulence, a new cryptocurrency coin has been making some serious noise. So, let's dive in and check out what's going on with this fresh player.
Sonik Coin ($SONIK) - Racing Towards a $100 Million Market Cap with Memes and MoreSonik Coin ($SONIK) is the fresh face in the meme coin world that's all about community and speed. This brand-new token is racing to the top, drawing inspiration from a popular video game character to hit a remarkable $100 million market cap.
But there's more than just fun in the mix here. Sonik Coin brings a cool twist with its Stake-to-Earn feature, giving you a chance to have a good time while making a profit.
When you lock your coins in its staking smart contract, you're not just holding - you're earning. Furthermore, the Annual Percentage Yield (APY) for stakers is seriously impressive, adding some rocket fuel to Sonik's journey.
It's not just about memes; Sonik Coin is tapping into the power of staking that's been shaking up the world of memes and version 2' themed coins, much like BTC20.
Sonik Coin has just started its public presale, and they're reserving a whopping 50% of the total 300 billion $SONIK supply just for the early birds. This means if you jump in now, you could be looking at some seriously big gains.
These $SONIK tokens are up for grabs at a pocket-friendly price of $0.000014. So, all you meme coin fans can dive into the action before the coin hits the DEX scene after the presale wraps up.
And here's a smart move - 10% of the tokens are allocated for exchange liquidity, keeping things steady in terms of price once the coin takes off.
Unlike many others, Sonik Coin skipped the private funding rounds and went all-in on community support. Their presale's hard cap is just $2 million, and with all the buzz they're generating, hitting that cap is a sure thing.
Once it's done, Sonik Coin makes its debut on Uniswap, the big shot in decentralized exchanges.
Unsurprisingly, the setup has already caught the attention of many. Sonik Coin's presale has already brought in over $120,000 in just two days, and the numbers are still climbing.
Accelerating Growth - Sonik Coin's Dynamic Roadmap and $120K Presale SplashThere are three stages in Sonik Coin's roadmap, each of which is full of excitement. Stage one focuses on building the foundation with token and staking development. Plus, they're adding a unique twist with Sonik Meme Creation - something you won't want to miss. And there's the $SONIK presale that's already making waves.
Stage two steps up the game with $SONIK staking opening up to the wider community. Brace yourself for some clever marketing campaigns and a SONIK boom that's bound to turn heads.
Stage three is all about strengthening the community, sharing those sought-after staking rewards, and aiming high with a $100 million market cap goal.
And here's a cool fact: Sonik Coin's connection to Sonic the Hedgehog's creators might just make it a hit in Asia. While not directly linked to Sega's Sonic character, it's expected to catch the eye of crypto enthusiasts in places like Japan and other parts of Asia.
To make it even more appealing, they're translating the Sonik website into Japanese, Simplified Chinese, and Korean.
Sonik Coin's presale has already taken off, raising a whopping $120,000 in just two days. So, if you're looking for a chance to be part of something big and potentially reap massive returns, you better jump on board fast.
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