The ongoing bullish cryptocurrency market wave has spawned a plethora of new cryptocurrencies. Solana in particular has been chosen as the leading ecosystem to drive this development. From this, BONK was born and has been performing exceptionally well since its inception.
According to CoinMarketcap, BONK is trading at $0.0000321, up 0.75% in the past 24 hours. The token is up 38% in the past seven days, making it a popular cryptocurrency alternative among investors.
BONK's current trajectory
Solana-inspired meme coin BONK is heading towards another key milestone. The token has surpassed $2 billion in market cap and continues to dominate the cryptocurrency market.
At press time, the coin is trading at $0.0000321, indicating an uptrend of 54% over the past month.
BONK is the first dog-themed token on Solana and is described as a token “for the people, by the people.” The launch of BONK was also accompanied by a notable airdrop event that attracted Solana ecosystem enthusiasts to interact and hold BONK for trading.
At the current market pace and momentum, this dog-inspired token will soon hit a new price threshold and bring rich returns to investors.
BONK Price Prediction for the Weekend
According to CoinCodex, BONK could surge nearly 31% by the weekend, trading at $0.00004313.
The platform further added that BONK could surge by 50% around May 28 and trade at $0.00004936.
“The coin price prediction for the next 30 days is based on the predictions of the positive and negative trends of the past 30 days. According to these Bonk predictions, the coin will change hands at a price of $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 surge by a massive 237%, trading at a higher threshold of $0.00011.
“According to our current price prediction, the price of the coin is expected to rise by 235.07% to reach $0.00011 by June 20, 2024. According to our technical indicators, the current sentiment is bullish while the Fear & Greed Index shows 76 (Extreme Greed). The coin has recorded 15/30 (50%) green days in the past 30 days with a price volatility of 7.29%.”
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