The surge in Bitcoin 
$62,168 price has prompted many meme coins to respond rapidly, with DOGE quickly surpassing the $0.42 mark despite its massive market cap. Cryptocurrency traders believe the most enjoyable phase of the cycle has begun, and they are justified, given that the BTC price lingers near an all-time high.
BONK Coin’s Potential
In today’s market evaluation, Altcoin Sherpa highlighted that BONK Coin has emerged as the leading meme coin, marking a significant breakout. With closing prices above $0.00005, BONK Coin could achieve substantial gains. This altcoin, still experiencing its first bull season, was launched to support the Solana 
$82 network, which is currently struggling.
Growth on the Solana network directly impacts the rising price of BONK Coin. Meanwhile, SOL Coin, which is challenging the $240 threshold, aims to exceed $256 and reach new all-time highs.
A key issue here is the relatively weak volumes over the weekend. While Mondays typically bring declines, if the weekly closing can be satisfactory for BTC, the new week may begin positively for altcoins.
Will Cryptocurrency Rise?
Kyledoops stated in today’s analysis that more is to come. Despite BTC lingering at $90,700, the analyst compares today with previous cycles, emphasizing that we have not proportionally approached the peak yet. According to the shared graph, we are in one of the most exciting phases of the rise, yet there are better days ahead in the cycle.
“Bitcoin’s bull run is just beginning, and 200 days have passed since halving.
Historically, these markets start making moves 300 days post-halving, signaling significant growth on the horizon. Get ready; this rise is not over yet!”
Daan Crypto Trades noted in a recent analysis the historical performance of the fourth quarter.
“Bitcoin’s fourth quarter is already shaping up well. Generally, the fourth quarter of a halving year performs very well, followed by a strong first quarter the next year. Let’s see if this time will be different.”
The potential for continued growth in the first quarter is supported by Trump’s inauguration date of January 20.
