$BONK Claims $2 Billion Market Cap: How High Can It Trade This Weekend?
The ongoing bullish crypto market wave gave birth to a plethora of new crypto coins. Solana ($SOL ) in particular, was selected as the leading ecosystem to drive this narrative forward. As a result, BONK was launched and has been performing exceptionally well since its inception. Per CoinMarketcap, BONK is trading at $0.0000321, up 0.75% in the last 24 hours. The token is up a staggering 38% in the last seven days, making it a popular crypto alternative among investors.
The Solana-inspired meme coin BONK is now heading towards establishing another critical milestone. The token has already breached the $2 billion market cap and continues to dominate the cryptocurrency market. At press time, the token is trading at $0.0000321, denoting an uptrend of 54% in the last month.Launched as the first dog-themed token on Solana, BONK is dubbed a coin created for “the people, by the people.” The launch of BONK was accompanied by a noteworthy airdrop event that led Solana ecosystem enthusiasts to interact and hold BONK for trading purposes. With the current market pace and momentum, the dog-inspired token will soon establish a new price threshold to deliver stellar returns to its investors.
Per CoinCodex, BONK may spike nearly by 31% to trade at the $0.00004313 price level by the weekend. The platform further adds that BONK may surge by 50% to trade at $0.00004936 around May 28.“The token price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Bonk projections, the token will be changing hands at $0.00004936 on May 28, 2024, gaining 50.04% in the process.”The monthly forecast looks particularly favorable for BONK. By June 21, the token is expected to encounter a massive surge of 237%, trading at a higher price threshold of $0.00011.
