Can BONK reach 0.001?
$BONK has gained more than 50% in the past 24 hours, likely driven by a broad rally across the cryptocurrency market, led by Bitcoin, which gained 6%.
This trend suggests we may be approaching an altcoin season. Bitcoin’s market cap share has been fluctuating between 49% and 52%, with its market cap increasing by about 4% over the same period.
If BONK erases two zeros at the peak of the bull run and reaches a price of 0.001, its market cap would be around $69 billion, which would be a roughly 35-fold increase from its current market cap of about $2 billion.
Considering the performance of cryptocurrencies during the last bull run, this price target is feasible. If this happens and all factors remain favorable, a $100 investment in $BONK could grow to $3,000.
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