Solana-based meme coin BONK is currently trading at the $0.00002195 level on Saturday. It has surged by more than 50% in the last 30 days after a hiatus of nearly a year. The token had reached an all-time high of $0.00005825 in November last year after Trump reclaimed the Presidency. Since then, the meme currency has only dipped in value providing little to no profits to investors except for last month.
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Double Your Money: BONK Predicted to Rise 100%, Here’s When
Leading on-chain metrics and price prediction firm CoinCodex has forecasted a bullish price prediction for BONK. According to the price prediction, the Solana-based meme coin could double in value and deliver 100% profits to investors. However, the forecast is for the long term and not for the short term and only diamond hands can reap the benefits.
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The latest and revised price prediction forecasts that BONK could surge by 100% five years from today in 2030. It could reach a maximum high of $0.00004422, which is approximately an uptick of 100% from its current price. Therefore, an investment of $1,000 could turn into $2,000 in the next five years if the price prediction turns out to be accurate.
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“In 2030, BONK is anticipated to change hands in a trading channel between $0.00003726 and $0.00004469 leading to an average annualized price of $0.00004235. This could result in a potential return on investment of 106.33% compared to the current rates,” read the prediction.
Taking an entry position now could be beneficial as the meme currency could kick-start a rally in the next five years. Nonetheless, the markets are subjected to volatility and prices could move backward during global financial turmoil. There is no guarantee that BONK could rise 100% and it is advised to trade at your own risk.