$BONK Bonk recovers as April comes to an end

Bonk could lead a price recovery for the meme coin sector following its surge in late April. Meme coins like Bonk and Dogwifhat were severely affected by the sharp drop in Bitcoin price in early April. On-chain reports show a decline in Bonk's market cap of $1 billion since the beginning of March.

However, the excitement around the recently completed BTC halving has spurred the rally of many major altcoins. BONK traded at $0.00002056 in the third week of March. It rose 36.57% to $0.00002808 at the end of March. BONK fell 47.79% to $0.00001466 over the next 14 days as bearish sentiment increased across the market. It then recovered 38.06% to $0.00002024 a few days later.

The Bonk community is now voting on a token burning proposal. The details of the proposal show a vote to burn 100% of the revenue earned from the shared agreement between its DAO and BONKBot. Analysts say that the use of combustion mechanisms will increase the shortage of BONK. This could boost its demand, possibly causing a 38.29% jump to $0.00002799.

Big profits are expected this year for

SOURCE: CAPTAINALTCOIN,#bonk