Crypto bros having fun during the crypto winter.... Prolly nothing https://coinmarketcap.com/currencies/bonk1/ https://cryptonews.com/news/bonk-pr...bonk-blasts-up-2000-5-days-next-shiba-inu.htm Bonk Price Prediction as Latest Memecoin BONK Blasts Up 2000% in 5 Days – Is This the Next Shiba Inu? Source: CoinGecko The price of Solana-based meme token Bonk (BONK) has risen by 90% in the past 24 hours, with the new Shiba Inu-styled altcoin launching at the end of December following a large-scale airdrop. The cryptocurrency is also up by a whopping 2,200% since going live, creating a serious expectation that it's the next big thing in dog-related meme tokens. Of course, the problem with most meme coins is that, beyond an association with unpredictable pumps, they don't have much in the way of fundamentals. Bonk hopes to counteract this to some extent by eventually launching its own DAO and linking with various parts of the Solana ecosystem, yet time will tell if it can become more than just another flash in the pan. Bonk Price Prediction as Latest Memecoin BONK Blasts Up 2000% in 5 Days – Is This the Next Shiba Inu? BONK has seen a steady increase in volume and price since becoming tradeable at the end of last month. This being crypto, and BONK being a meme coin, it's extremely hard to say when the momentum may shift downwards. Source: CoinGecko That said, it's been less than a week since BONK entered the market, so it may have at least a few days to run before early holders begin dumping their bags en masse on newcomers. If nothing else, BONK's launch underlines the value of being involved in a network's ecosystem. That's because 50% of its total maximum supply (of 100 trillion BONK) was airdropped to various developers, creators, and NFT holders within the Solana community. Source: bonkcoin.com As the pie chart above illustrates, 5% of BONK's total supply was airdropped to Solana developers, 20% to holders of Solana-based NFT collections, 10% to artists and collectors, and 15% to users of Solana-based DEX OpenBook. The rest will go to a mix of early contributors (who have to vest their BONK for three years), exchange liquidity, marketing and team development. Other than that, there's not much to say about BONK. Its team describes it as "the first Solana dog coin for the people," although what it does for 'the people' (outside of Solana contributors and developers) is anyone's guess. Still, what cryptocurrency investors tend to pay attention to more than anything else is not fundamentals, but price movements. And to be fair, BONK has had an excellent opening week so far, and has already cracked the top 250 coins by market cap. Needless to say, it won't sustain price growth for long if there isn't a genuine use case behind it. In this respect, it is encouraging to note that it already partners with just over 10 developers and/or projects within the Solana ecosystem, something which may help it integrate with various platforms over the coming weeks and months.
Launching its own DAO... that's kinda funny. Even if somehow this managed to be a success, they'll realize their problems and move the DAO onto Ethereum like everyone else always does. Why re-invent the wheel when it's just a worse wheel than what already exists?
It's not on Kucoin (yet). Biggest volume is on Solana dex Raydium but it's available on Huobi, Gate dot io, Bybit, Mexc... https://coinmarketcap.com/currencies/bonk1/markets/
I am perfectly alright for allowing competing alternates. Capitalism always can do with competition. The problem I have is with shitty companies/DAOs that don't really improve anything. And shitty block-chains also don't do much for improving the system over all. As I keep saying, Solana had to sacrifice the most important variable, in order to get faster & cheaper speeds. Sacrificing security/de-centralization to get those. That's basically a failed-system right out of the box. You advertise to the public a couple gimmicks, and then they are stuck with a major systemic system failure.
Those places definitely sound like I want to [NOT] park any of my funds. They are literally screaming con-game.
Elderly folks like me wouldn't be able to trade those things. Our eyes can't read those tens of numbers stringed soo tightly together.