BONK Claims $2 Billion Market Cap: How High Can It Trade This Weekend?

Juhi Mirza
Source: Decrypt

The ongoing bullish crypto market wave gave birth to a plethora of new crypto coins. Solana, in particular, was selected as the leading ecosystem to drive this narrative forward. As a result, BONK was launched and has been performing exceptionally well since its inception.

Per CoinMarketcap, BONK is trading at $0.0000321, up 0.75% in the last 24 hours. The token is up a staggering 38% in the last seven days, making it a popular crypto alternative among investors.

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BONK’s Present Trajectory

What Could a $1,000 BONK Investment Yield in 2025?
Source: Inside Bitcoins

The Solana-inspired meme coin BONK is now heading towards establishing another critical milestone. The token has already breached the $2 billion market cap and continues to dominate the cryptocurrency market.

At press time, the token is trading at $0.0000321, denoting an uptrend of 54% in the last month.

Launched as the first dog-themed token on Solana, BONK is dubbed a coin created for “the people, by the people.” The launch of BONK was accompanied by a noteworthy airdrop event that led Solana ecosystem enthusiasts to interact and hold BONK for trading purposes.

With the current market pace and momentum, the dog-inspired token will soon establish a new price threshold to deliver stellar returns to its investors.

BONK Price Forecast For The Weekend

Per CoinCodex, BONK may spike nearly by 31% to trade at the $0.00004313 price level by the weekend.

The platform further adds that BONK may surge by 50% to trade at $0.00004936 around May 28.

“The token price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Bonk projections, the token will be changing hands at $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 encounter a massive surge of 237%, trading at a higher price threshold of $0.00011.

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“According to our current price prediction, the price of the token is predicted to rise by 235.07% and reach $0.00011 by June 20, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 76 (extreme greed). The token recorded 15/30 (50%) green days with 7.29% price volatility over the last 30 days.”