Could BONK Flip SHIB By Bitcoin’s Final ATH This Meta Cycle?
Volume Rush a New Price Discovery Window
Like many crypto assets, BONK entered a price discovery mode in November. Along with its base layer chain, Solana’s SOL tokens, daily trading volumes are surging.
So many new entries in markets for Bonk, along with the exuberant rise in prices, may signal a strong uptrend for SHIB’s furry friend.
“BONK is entering price discovery mode, uncharted territory,” Cool Dog posted on X Saturday, “Anything could happen from here.”
Trading volume for the #37 coin by market cap surpassed that for market leader Bitcoin (BTC) on Coinbase briefly. That is very bullish for Bonk going forward.
Demand for Bonk tokens is surging. The meme currency’s price rose 16% in a 24-hour surge on Nov. 17, capping off a run-up from Nov. 3 that pushed the coin’s value into entirely new territory. It’s now up by 70% weekly.
Expert BONK Price Predictions 15x, 20x
The new record Bonk price of $0.000055 is vastly overpowered compared to the previous ATH in May at the 0.000041 handle.
“$BONK will be one of the main memes of this cycle,” wrote DreamCryptoX, a cryptocurrency YouTuber, on Monday.
Bonk analysts on X are pumping hard for the Solana meme. After this month’s big rally, Bonk enthusiasts issued several exciting price predictions.
