Solana has become one of the most prosperous crypto chains in terms of birthing new meme coins. BONK, the dog-themed meme token of Solana, is also charting its unique course and is busy building its price path by reaching for new highs. BONK is now heading toward hitting a new price of ATH, which could usher in incredible momentum for the token.
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BONK Surpasses WIF in a New Development
The cryptocurrency market is known for its volatility and the element of unpredictability. In the wake of this, BONK has recently established a new price milestone for flipping DogWifHat in terms of market cap metrics. These two meme coins are the only ones trending in green throughout the bearish onset of the market. While WIF is sitting at a price pedestal of $1.71 at the moment, Bonk, on the other hand, is trading at $0.00002579, up 22% in the last 24 hours.
BONK To Surge 200%
According to a notable cryptocurrency platform, CoinCodex, Solana’s BONK is now inching towards establishing a new price ATH. The token may surge to hit $0.00008175 by the end of July, surging 233% in the process.
“According to our current Bonk price prediction, the price of Bonk is predicted to rise by 233.12% and reach $0.00008175 by August 8, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 27 (fear). Bonk recorded 15/30 (50%) green days with 10.18% price volatility over the last 30 days.”
While several crypto tokens bleed through the market as Bitcoin dips to hit a new low of $56K, meme coins like BONK are acing the current crypto scene by trending in green. The platform has categorized BONK in a bullish phase, claiming that it might be fruitful for investors to purchase the token.
“Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 27 (fear). Bonk recorded 15/30 (50%) green days with 10.18% price volatility over the last 30 days.”
When will the coin hit $1?
The $1 price mark is the most coveted price pedestal for any crypto token. To achieve the mark, BONK will have to surge by a whopping 3,795,013.81.
“Bonk would need to gain 3,795,013.81% to reach $1. According to our Bonk prediction algorithm, the price of Bonk will not reach $1. The highest expected price our algorithm estimates is $0.001221 by January 1, 2049.”