Clank Launch Market is Witnessing the Emergence of Automated Token Launches

These meme coins are attracting the same interest from investors as traditional meme coins, so much so that even major CEXs like Coinbase are set to list one of them.

The meme coin market has seen the emergence of automated token launches with the help of Clanker. These meme coins have attracted the same interest from investors as traditional meme coins, so much so that even major CEXs like Coinbase are setting to list one of them.

BeInCrypto has analyzed three clanker-based meme coins for investors to watch as these tokens’ market cap increased by 25% today.

tokenbot (CLANKER)

CLANKER has experienced a significant surge of 18% in the last 24 hours, following a 58% increase over the past five days. Currently trading at $53, the altcoin shows strong momentum and is likely to continue its upward trend as market sentiment remains positive.

The anticipated listing of CLANKER on Coinbase on April 23 is driving excitement. As the first major exchange listing for this meme coin, this event is expected to bring increased visibility and trading volume, potentially attracting more investors. The listing could serve as a key catalyst for further price growth.

However, with the Coinbase listing expected to generate attention, CLANKER’s price could rise toward the next resistance level of $67. But if the listing fails to attract the expected hype, the meme coin could see a reversal, dropping to $42 or lower, especially if the $53 resistance is not breached.

BankrCoin (BNKR)

Bankrcoin (bnkr)

BNKR has surged by 36% in the last 24 hours, making it one of the top-performing tokens in the Clanker ecosystem. Trading at $0.0001913, it is holding just above the support level of $0.0001842, showing strong momentum in the short term. The altcoin remains on an upward trajectory.

To maintain its growth, BNKR must breach the resistance at $0.0002085. With continued support from the broader market, the meme coin could push towards $0.0002477, which would mark a new high. This could attract more investors and solidify its position in the Clanker ecosystem.

However, if BNKR fails to break the $0.0002085 resistance, it risks falling back through its current support of $0.0001842. This drop could bring the price down to $0.0001207, invalidating the bullish outlook and erasing recent gains for investors.

Small Cap Corner – Native (NATIVE)

NATIVE price has surged by 39% in the last 24 hours, reaching $0.00002846. The token is just below the resistance level of $0.00002849, showing strong short-term bullish momentum. If this trend continues, NATIVE could aim for higher targets, supported by ongoing market optimism and investor interest.

If the bullish momentum holds, NATIVE could break past the $0.00002849 resistance and climb towards $0.00003338. A successful rise beyond this level could fuel further price growth, providing the meme coin investors with significant returns.

However, if selling pressure increases and NATIVE fails to breach the $0.00002849 resistance, the price could drop back down to $0.00001695. This would invalidate the bullish outlook and erase recent gains, leaving the token vulnerable to further losses in the market.