Bonk Price Prediction 2024, 2025, 2030

Bonk, also known as Bonk Inu and Bonk!, is the most popular meme token on the Solana blockchain with almost 650,000 wallets holding it and a fully-diluted market cap of over $2.5 billion.

Unlike other meme coins that offer nothing but the coin itself, Bonk is constantly building new products. So far, the project has released an NFT collection, a trading bot and a token swap. Moreover, the BONK token is an accepted payment method within multiple Solana projects where you can pay in BONK for minting NFTs, NFT raffles, for casino gambling and more.

Our Bonk token price prediction analyzes multiple factors that affect the BONK coin price, such as macroeconomics, market hype, token utility and technical price charts.

Bonk Price Prediction 2024-2030

• Our Bonk token price forecast points to an average price of $0.00003214for the remainder of 2024.
• Our technical analysis shows the Bonk token exchanging hands between $0.00007025 and $0.00009367 in 2025. 
• Bonk token forecast for 2030 shows the potential for a $0.00146385 high.

Bonk Price History

Bonk is the most popular meme coin on Solana and the largest meme coin on that blockchain in terms of market cap. During the peak bear sentiment on Solana following the FTX collapse when a lot of investors thought Solana would fail along with its projects, a team of 22 individuals airdropped a new token to eligible Solana wallets at Christmas in 2022.

This started mostly as a joke, but it caused a massive rally not only for the BONK token itself but also for Solana (SOL) and a lot of its projects.

The positive momentum brought to Solana as well as the liquidation of large short positions caused a massive rally that saw Bonk peak at $0.000004061 five months after the airdrop. Those who bought the bottom and sold the top profited a massive 4,315%.

After that, Bonk slowly faded away and traded mostly sideways until November 2023 when Solana and most of its projects started to rally after the Solana Breakpoint conference.

Since its inception, Bonk reached an all-time high in December 2023 at $0.00003479 following a Coinbase Bonk listing and a Binance Bonk listing, making it the third largest meme coin behind Dogecoin and Shiba Inu. This marks a gain of 37,727% from the bottom in December 2022, beating many other Solana and Ethereum projects.

After its December 2023 all-time high Bonk dropped in value, finding support at $0.000010. It test this support 3 times in early 2024 before join a meme coin market rally at the end of February, which saw it attain a new all-time high of $0.00004704 on March 4th. At the time of writing this rally was stalled, and Bonk might yet go higher. 

Bonk price history key points:

• Bonk was airdropped in December 2022 when the price was $0.0000001545.
• It peaked in December 2023 at $0.00003479, before attaining a new all-time high of $0.00004704 in March 2024.
• The lowest price since the airdrop was $0.00000009197, it was reached just a few days after the airdrop.
• Bonk has a market cap of $2.08 billion from 65.19 trillion tokens in circulating supply.

Bonk Price Prediction 2024

The entire crypto market follows Bitcoin’s lead. With several events offering a potentially bullish year for Bitcoin and the whole crypto space, such as the Bitcoin halving event and the approval of a spot Bitcoin ETF, meme coins such as Bonk could benefit the most in 2024—as they already have in the meteoric rises seen at the beginning of March.

Already some traders are utilizing the seemingly unstoppable rise of Bonk’s token price, such as a trader with a leveraged long position on Bonk turned $16,000 into $10,000,000.

https://twitter.com/wizardofsoho/status/1735607202587525367

Bonk doesn’t have a roadmap for 2024 and beyond, but based on the team’s previous work we can conclude that the team will keep their focus on collaborating within the Solana community.

Solana is one of the leading blockchains with transactions-per-second and transaction finality speed that dwarfs other blockchains like Ethereum and its layer 2 blockchains. If SOL increases in price and gains more users, Bonk as a social token on Solana is very likely to benefit.

Based on that, our Bonk price forecast for 2024 stands at an average price of $0.00003214 with a potential peak of $0.00007524.

Experts at CoinPedia, however, see a more optimistic potential high price of $0.000085 with the average price being $0.0000475 during 2024.

On the other hand, CoinCodex is a bit pessimistic, giving a yearly high of $0.00003917 in 2024, which is close to the price of Bonk in December 2023.

Bonk Token Price Forecast Long Term Outlook – 2025-2030 Predictions

The long-term outlook for Bonk is positive even without a roadmap extending that far in the future. With constant product releases and market hype, Bonk could try to get closer to Dogecoin and Shiba Inu in terms of market cap between 2025 and 2030.

If Bonk reaches Dogecoin’s market cap that it had during the all-time high, it will be worth $0.0013555 per token, which is 41 times higher than the current price of $0.00003255.

This could be a realistic price after one more bull/bear crypto market cycle passes. The only reason why this may not happen is if the market hype moves from dog coins to frog coins, as we’ve seen with the hype behind PEPE coin — and the Solana version PEEP — or some other meme coins that appear in the meantime.

Based on the current information we have, we believe Bonk will trade at an average price of $0.001153195 by 2030.

Experts at DigitalCoinPrice see Bonk trading lower than that at $0.000293 in 2030, while PricePrediction forecasts a similar high of $0.000234 during the same period. 

Potential Highs & Lows of Bonk Token Price

BONK is an SLP token built on the Solana blockchain. It started as a meme coin in December 2022 to provide a morale boost with an airdrop after the FTX crash. However, it quickly grew to be a social and utility token across the Solana ecosystem.

The price of Bonk largely depends on the success of Solana itself and the projects built on the blockchain as BONK is a Solana-native token. So far, there is massive optimism surrounding projects that originate from Solana, such as the oracle Pyth, Jupiter aggregator, JITO MEV infrastructure, the MadLads and Tensorians NFT projects and more.

Because of that, as well as the potentially positive catalysts for the entire crypto space, we believe BONK to trade in the following price ranges between 2024 and 2030:

What do Other Analysts Predict for Bonk Token?

Bonk price predictions vary across the board. We collected Bonk price predictions from prominent experts in the field to give you a broader view.

What is Bonk and What is it Used for?

Bonk is the utility and social token on the Solana blockchain. Started as a meme coin, it now serves as a utility token that you can use across multiple Solana projects to pay for NFT mints and raffles. You can even use BONK to gamble on Solcasino.io.

Solana SAGA smartphone holders were also eligible for 30 million BONK, causing the SAGA phone sales to surge in late 2023.

There are over 500 BONK integrations across 10 chains, and the token is listed on Binance as well as MEXC and Coinbase, making it a tradable asset even with leverage.

The team behind BONK has also built several products, including BonkSwap, BonkBot and NFT collections. At BonkSwap, users can provide liquidity and earn an annual percentage yield. For example, the Bonk/SOL liquidity pool has a 50.69% APY as of this writing.

All of this shows the massive adoption of Bonk on Solana, which is likely to positively impact BONK’s price as the Solana ecosystem grows in the years to come.

Bonk Overview

What Influences the Price of Bonk?

The price of Bonk is influenced by multiple factors including inflation, central bank interest rates, market hype, Solana growth and the Bonk project itself.

Dog-themed meme coins are the meta as of this writing, led by Dogecoin and Shiba Inu with Bonk closely behind. If this continues to be the case, Bonk can see a huge price increase. However, frog-themed coins, as well as other meme coins could be the next meta and the interest for Bonk could drop.

Another factor that influences Bonk’s price is the growth and adoption of the Solana blockchain. Bonk being popular on the blockchain stands to benefit if Solana continues to grow. If other blockchains take the spotlight, Bonk’s price could suffer. 

Is Bonk a Buy?

Bonk has already seen huge price increases twice in its short life time, in November and December 2023 and in February/March 2024. Whether it continues to make new gains or not depends on the hype and its sustainability.

If you’re looking to buy Bonk, consider buying it at a pullback and not when it’s making all-time highs.

Best Crypto Exchange to Buy Bonk

Bonk is listed on many crypto exchanges, but we like MEXC the most due to its 0% spot market trading fee. Seasoned traders and those looking to maximize potential gains can trade Bonk futures with 20x leverage while paying a 0.03% taker fee and 0% maker fee.

These are not the only reasons to consider MEXC, however. You can buy Bonk fast with a credit card and use your BONK tokens as collateral with MEXC Loans if you need liquidity.

Beginners can learn how to trade using a vast library of educational material, or by copying popular traders and see what they buy and sell.

Don’t want to risk money while you learn? No problem. Use a demo account to try the platform and test your skills with zero risk.

How to Buy Bonk on MEXC

Buying Bonk tokens on MEXC is straightforward. Here’s how it works:

• Sign up with MEXC. Visit MEXC and sign up. Use either your email address, your Telegram or Google account, or simply use your MetaMask crypto wallet.
• Purchase crypto. You need to buy USDT first to exchange it for BONK. Purchase crypto with a credit card via third-party providers or use a bank transfer if available for your country.
• Buy BONK. Select the “Market” tab on MEXC and search for BONK. Select the BONK/USDT pair. Enter the amount of USDT you’re willing to spend and click “Buy BONK”.

Conclusion

BONK is the most popular meme coin on Solana, and it’s a utility token that you can use to yield farm or pay for NFT mints and raffles. This is the third-most-popular dog-themed coin with the potential to grow and catch up to Dogecoin and Shiba Inu in terms of market cap.

However, if you think Bonk is too expensive now or if you’re not sure whether it’s a good coin to have in your crypto portfolio, compare the best cryptocurrencies to buy. Before you make your decision, make sure to do your due diligence as the crypto market is more volatile than the stock market.

References

1. https://abcnews.go.com/Business/timeline-cryptocurrency-exchange-ftxs-historic-collapse/story?id=93337035
2. https://www.coindesk.com/tech/2023/01/13/inside-bonk-inu-how-22-developers-put-the-shiba-inu-fun-into-solana-and-away-from-ftx
3. https://solana.com/breakpoint
4. https://www.coindesk.com/markets/2023/12/14/meme-coin-bonk-spikes-40-on-coinbase-listing/
5. https://medium.com/@bonk_inu/the-12-days-of-bonkmas-one-year-anniversary-celebration-97f1a3a9dfa9
6. https://coinmarketcap.com/currencies/bonk1/
7. https://www.binance.com/en/support/announcement/binance-will-list-bonk-bonk-with-seed-tag-applied-1592b7a6ec9a408daf4b778f50ab1ca6
8. https://crypto.com/university/four-phases-crypto-market-cycle
9. https://www.coindesk.com/markets/2023/12/14/sales-of-solana-phone-surge-as-traders-chase-bonk-arbitrage/
10. https://decrypt.co/205890/mad-lads-nfts-all-time-high-backpack-ftx-lawyer-exchange
11. https://www.kraken.com/learn/what-is-firedancer-solana

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