Weekly Market Review: LINK, FTM, BONK, FLOKI, JASMY

This week has been good for meme coins as they appear among the week’s top gainers. This week’s pump can be attributed to the April CPI report, which showed that core inflation moderated last month while retail sales cooled more than expected.

Chainlink Price Review

Its price movements show that Chainlink (LINK) has been this week’s top gainer. As of press time, Chainlink, trading at $16.70, had seen a 22% pump from its previous seven-day price, as its market cap stood at $9.8B during the same period.

Chainlink’s pump over the week can be attributed to a collaboration with RapidAddition. This collaboration enables institutional firms to interact with a wide range of tokenized assets through a FIX-native blockchain adapter powered by Chainlink’s CCIP, which might have added more investor optimism.

GBBC member @ChainlinkLabs has announced a collaboration with #RapidAddition, enabling institutional firms to interact with a wide range of tokenized assets, through a FIX-native #blockchain adapter powered by @Chainlink’s #CCIP ⛓️

Read the announcement ⤵️

— Global Blockchain Business Council (GBBC) (@GBBCouncil) May 16, 2024

Fantom Price Review

Fantom (FTM) has been among this week’s top gainers, as seen from its price movements. As of press time, Fantom, trading at $0.8797, had seen a 20.03% pump from its previous seven-day price, as its market cap stood at $2.4B during the same period.

The rise in the Fantom price can be attributed to their recent announcement that the FantomIndia validator node has been upgraded to Sonic tech. This development might have sparked more investor interest, bringing the prices up.

Happy to announce that FantomIndia validator node is now upgraded to Sonic tech

I am excited and honored to be a Fantom validator for the past 4 years. Future is even brighter with Sonic

Thank you @FantomFDN , @michaelfkong , @AndreCronjeTech and $FTM community for your trust pic.twitter.com/wsfTdIJfVL

— FantomIndia Validator #48 👻 (@Fantom_India) May 17, 2024

Bonk Price Review

Bonk (BONK) has been among this week’s top gainers, as seen from its price movements. As of press time, Bonk, trading at $0.0000271, had seen a 17.76% pump from its previous seven-day price, as its market cap stood at $1.7B during the same period.

Bonk’s price surge this week can be attributed to the current meme coin supercycle, which has seen several meme coins surge, conversely affecting the meme coin’s prices this week.

I don’t worry about whether we’re in a memecoin supercycle or if we put in the top yesterday, I just trade my levels.

With that said, I looked at the $BONK chart yesterday and knew I’ve seen it somewhere before. If things get really bullish, we certainly got a blueprint. pic.twitter.com/A86odykL1v

— Crypto Chase (@Crypto_Chase) May 18, 2024

Floki Price Review

Floki (FLOKI) is another gainer this week, as seen from its price movements. As of press time, Floki, trading at $0.0002004, had seen an 18% pump from its previous seven-day price, as its market cap stood at $1.9B during the same period.

Floki’s recent surge can be attributed to the recent Floki DAO, which voted to burn 15,246,000,000 $FLOKI tokens. An overwhelming majority of 99.84% voted in favor of the burn.

IT’S OFFICIAL: FLOKI DAO PASSES VOTE TO BURN 15,246,000,000 FLOKI TOKENS

The #Floki DAO has voted in favor of burning 15,246,000,000 $FLOKI tokens, with an overwhelming majority of 99.84% voting in favor of the burn.

In line with the decision of the Floki DAO, the tokens will… https://t.co/zrnytjJ6N2 pic.twitter.com/TGRA8hzVj4

— FLOKI (@RealFlokiInu) May 15, 2024

JasmyCoin Price Review

JasmyCoin (JASMY) has also been among the gainers over the past seven days, as seen from its price movements. As of press time, JasmyCoin, trading at $0.02017, had seen a 13.6% pump from its previous seven-day price, as its market cap stood at $994M during the same period.

JasmyCoin’s recent pump can be attributed to the announcement of Jasmy’s Incubated program. Since then, increased interest in the token has caused an increase in its price.

Excited to share details about #Jasmy’s Incubated program, #JANCTION!

Discover #JANCTION’s perspective on the AI-focused blockchain and the decentralized GPU market. Check it out!https://t.co/nFXbLxJ1QC

Join our community https://t.co/3jsjG3tpUF@HARA_JasmyCFO @JasmyMGT pic.twitter.com/pbjA3kxU7D

— JANCTION (@JanctionMGT) April 25, 2024

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