#BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike #MtGoxJulyRepayments #EarnFreeCrypto2024 Solana meme coins are skyrocketing again, driven by the broader crypto market rally and the bullish strength in SOL. According to CoinGecko, the Solana meme coin market cap is on the cup of reclaiming the $10 billion mark, thanks to another 6% growth today.

Bonk coin has rallied by over 52 % over the past week and has reclaimed the $2.1 billion market capitalization today on Monday. The second-largest Solana meme coin is now trading at $0.000031 at press time. 

However, the Bonk price predictions from experts have the token trading much higher by the end of August.

Bonk Price Prediction For August

The investor optimism surrounding the Bonk coin isn’t surprising. Being one of the top SOL meme coins, it has emerged as an excellent beta play on Solana, with some experts even calling it “leveraged SOL.

The SOL price is expected to see significant growth in August on speculation that BlackRock and Fidelity could join the spot Solana ETF race. 

As such, the odds of SOL ETF approval have increased substantially now that former President Donald Trump is a favourite to win the November Presidential elections. This is especially the case after President Joe Biden has quit his re-election campaign, making Vice President Kamala Harris the likely Democratic nominee. 

Either way, it is likely that Chair Gary Gensler’s days at the SEC are numbered, which bodes well for the cryptocurrency market and especially, Solana. Not only could the SOL ETFs be approved under a new SEC administration, but Solana could also earn a non-security status. 

Unsurprisingly, experts now believe that the Solana price could potentially hit a new all-time high in August, providing the ideal backdrop for meme coins such as Bonk to skyrocket. also highlights that the Bonk price chart has recently formed a triangular consolidation pattern in the weekly time frame, which could be a precursor to a strong green candle. 

According to our Bonk price prediction, we expect the meme coin to reach a new all-time high in the first week of August. The Bonk price is currently 30% below its all-time high.Furthermore, the token could trade as high as $0.00006 by the end of August, nearly double its price today. This would especially be true if the US Federal Reserve shows its inclination towards cutting interest rates in September.