BONK
Bonk is considered to be the first dog-themed cryptocurrency in the Solana ecosystem. The token has sparked an excellent rally after its launch. The rally has seen the meme token post an impressive first quarter. Although its price is currently just $0.0065, its unique positioning has led analysts to predict that it could hit the $1 mark by the end of 2024
The growing popularity of meme tokens has driven their value. Moreover, Bonk uses the Solana blockchain, which is known for its scalability and speed. Therefore, it attracts investors who are looking for a faster and more affordable alternative to Ethereum meme tokens.
The token is trading at $0.00003235, indicating a 67.52% price increase in 30 days. The analyst expects that Bonk could appreciate by 225.77% this week to $0.000112. Despite the high bearish sentiment, the Fear & Greed Index shows a reading of 72 (Greed). Bonk recorded 15/30 (50%) green days in the past 30 days with a price volatility of 19.00%.
