Solana, one of the most robust crypto chains, is a hotbed for new meme coins. BONK, a dog-themed meme token on Solana, is carving its own path. It’s building momentum and aiming for new highs. BONK is approaching a new all-time high (ATH), which could bring incredible momentum.
The crypto market is known for its volatility and unpredictability. Despite this, SOL’s dog token recently reached a new milestone. It flipped DogWifHat in market cap metrics. These two meme coins are trending in the green, even as the market turns bearish. DogWifHat sits at $1.71, while SOL’s dog token is at $0.00002579, up 22% in the last 24 hours.
According to CoinCodex, Solana’s dog-themed token is nearing a new ATH. The token could hit $0.00008175 by the end of July, surging 233%.
“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 shows 27 (fear). BONK recorded 15/30 (50%) green days with 10.18% price volatility over the last 30 days.”
While many crypto tokens are bleeding as Bitcoin drops to a new low of $56K, meme coins like Solana’s dog-themed token are thriving. The platform has labeled Solana’s dog token as bullish, suggesting it might be a good time for investors to buy.
“Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index shows 27 (fear). BONK recorded 15/30 (50%) green days with 10.18% price volatility over the last 30 days.”
Here’s When Bonk Will Hit $1
The $1 price mark is the ultimate goal for any crypto token. To reach this, Solana’s doge themed token would need to surge by an astronomical 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.”
Solana’s dog token rise is a testament to the unpredictable nature of the crypto market. It shows how meme coins can defy the odds and trend in green, even in a bearish market. As the token inches towards a new ATH, it’s clear that this dog-themed token is one to watch. Whether it can sustain its momentum and reach new heights remains to be seen. But for now, the token is making waves in the crypto world, capturing the attention of investors and enthusiasts alike.