The PONKE memecoin has seen significant growth in social dominance recently, potentially laying the groundwork for its price to rise. Although the coin experienced a sharp correction after reaching its highs in July, the latest data shows that bearish momentum is waning and PONKE appears to be at a turning point.
PONKE reached a peak of $0.715 in June and then fell back to $0.269. The current price is equivalent to a 62% discount to the historical high. As social media attention increases and liquidity returns, market demand for PONKE may be recovering.
The current discounted price is considered a potential entry opportunity. If demand continues to grow, PONKE may return to its highest level in history, or even break through, with a price increase potential of more than 165%.
PONKE's market capitalization is currently about $150.4 million. If it could soar to $1 billion, its price could rise by 569%. Overall, PONKE is expected to become one of the memecoins that attracts much attention in the future bull market.
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