Bonk Price Prediction as Latest Memecoin BONK Blasts Up 2000% in 5 Days – Is This the Next Shiba Inu

johnarb · Jan 4, 2023

maxinger said:
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.
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50 Trillion coins, rumor is that the Fed will add it to the balance sheet pump the price to $1 and pay the national debt

To the moon!!!

M.Carlo · Jan 5, 2023

another shit coin

ktm · Jan 5, 2023

maxinger said:
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.
More...

Lemme help you with that... almost all of those numbers are ZEROES to the right of the decimal place, with only ZEROES to the left.

Pekelo · Jan 5, 2023

johnarb · Jan 5, 2023

gm

Pekelo · Jan 5, 2023

...and it is over:

https://decrypt.co/118502/solana-doge-themed-bonk-bonkers-price-drop

54% drop in 11 hours...

johnarb · Jan 5, 2023

Pekelo said:
...and it is over:

54% drop in 11 hours...
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Maybe ded, could be resting, too

Bonkers!!!

https://coinmarketcap.com/currencies/bonk1/markets/

Sprout · Jan 5, 2023

ktm said:
Lemme help you with that... almost all of those numbers are ZEROES to the right of the decimal place, with only ZEROES to the left.
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and soon to be zero's in your wallet

The_Krakenite · Jan 5, 2023

Bonk sounds too close to 'Dink-Doink' Remember that?

First thing I thought of.

777 · Jan 7, 2023

johnarb said:
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.
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Bonkers! Though the coin has a good name!