Will Bonk coin reach 1$?
To say that Bonk cannot reach $1 is an understatement. The token has a circulating supply of 65 trillion, meaning that at $1 per coin, the project’s total market cap would stand at $65 trillion. For context, the GDP of all countries in the world combined is about $100 trillion, which hopefully demonstrates just how utterly unrealistic that scenario is.
Bonk Coin (BONK) – which was initially launched as a free airdrop to the Solana community on Christmas in 2022 – impressed investors with 6,100% gains over the past 12 months. The large price increase has made many investors hopeful and perhaps overly optimistic about its future growth potential.
Here’s the catch: BONK is currently trading at $0.00002291, meaning that it would have to increase 34,363x from its current price to reach $1 (which would entail a market cap of $65 trillion). There’s simply no way that enough money could pour into BONK to support such a market valuation.
Will Bonk coin reach 1 cent?
BONK achieving 1 cent is highly improbable but not theoretically impossible. At a price of $0.01, BONK would sport a market cap of about $652 billion, about half that of Bitcoin. However, expecting a meme coin to have a larger market cap than Ethereum is probably nothing more than wishful thinking.
For a clearer perspective, refer to the table below, which outlines key price milestones for BONK and their respective market caps:
Price Market Cap % Change From Current Price
$0.0000291* $1,897,029,000 0.00%
$0.0001 $6,519,000,000 244%
$0.001 $65,190,000,000 3,336%
$0.01 $651,900,000,000 34,264%
$0.1 $6,519,000,000,000 343,543%
$1 $65,190,000,000,000 3,436,326%
*Price at the time of publication.
At its present circulating supply, you shouldn’t expect BONK to ever reach 1 cent, let alone $1. However, if the project were to employ a token burning program – similar to ones from Shiba Inu or BNB.
