Key takeaways
Bonk is one of the most successful crypto projects in 2024. The dog-themed Solana-based coin has become one of the most recognized meme coins, with its market capitalization reaching $2.7 billion in May.
Bonk (BONK) is a crypto token built on the Solana blockchain, much like DOGE, WIF, or SHIB. Bonk is a digital asset that can be traded on a number of online platforms, such as Binance, KuCoin, Kraken, MEXC, CoinEx, OKX, gate.io, and Bybit.
Bonk has a maximum supply of 93 trillion. It is important to note that 66 trillion BONK are already in circulation. Interestingly, despite being a meme coin, Bonk’s supply is tied to its burning process to appreciate its value.
The token became popular in 2022 after an airdrop to the Solana community. Despite its popularity and appeal, Bonk is highly volatile, and wild swings in its price action are routine.
Along with being a meme coin, the Bonk ecosystem is far more diverse. Several projects built around Bonk also increase its utility prospects, which makes it a popular choice among traders and is also considered the primary trigger behind its 2024 bull run. Bonk Swap, Bonk Rewards, and Bonk BOT are the main features of the Bonk ecosystem.
Cryptocurrency | Bonk |
Token | BONK |
Price | $0.00002262 |
Market Cap | $1,595,604,694 |
Trading Volume | $316,657,108 |
Circulating Supply | 70,740,405,234,298 BONK |
All-time High | $0.00004547 Mar 04, 2024 |
All-time Low | $0.00000008614 Dec 29, 2022 |
24-h High | $0.0000227 |
24-h Low | $0.00001957 |
Metric | Value |
Price Prediction | $0.00003 |
Volatility | 6.76% |
50-Day SMA | $ 0.00002275 |
14-Day RSI | 35.80 |
Sentiment | Bearish |
Fear & Greed Index | 26 (Fear) |
Green Days | 11/30 (37%) |
200-Day SMA | $ 0.00002321 |
TL;DR Breakdown:
On September 27, 2024, Bonk price analysis revealed an increasing trend for the cryptocurrency. Coin value has increased up to $0.00002262 during the day. If observed overall, Bonk Coin has received up to a massive 13.97% boost in the past 24-hours. The current market scenario is highly favorable for the investors, as the bullish swing is intensifying rapidly.
The 1-day price chart of Bonk Coin revealed an upward trend for the cryptocurrency today. Coin value has increased up to $0.00002262 high in the past 24-hours. Moreover, the market sentiment remains highly bullish, considering the rapid upturn. The coin value has surpassed the $0.00002083 resistance level amidst turnover.
The area between the Bollinger bands defines market volatility. As this area is currently expanding, this signifies a rise in the volatility. Moreover, the upper limit of the Bollinger bands indicator, acting as the support band, is at $0.00002083 high. Whereas, the lower limit of the Bollinger bands indicator, serving as yet another support, is at $0.00001468.
The Relative Strength Index (RSI) indicator has crossed the overbought limit. Currently at 71.27, and still ascending, this signifies bullish control. As the RSI continues to seek new highs, the current market scenario seems favorable towards the investors. If the buying activities continue to intensify, further upturn may be observed soon.
The four-hour price analysis of Bonk confirmed an upward trend for the currency. Bonk value has spiked up to $0.00002262 in the past four hours. Green candlesticks on the four-hour price chart mark a rising buying pressure. As the volatility is rising, there is a higher chance of reversal in the ongoing market events.
As the Bollinger bands are widening, this indicates an increasing volatility. This increase in the volatility levels signals a higher market unpredictability. Moreover, the upper limit of the Bollinger bands indicator, acting as the support, is present at $0.00002197. Conversely, the lower limit of the Bollinger bands indicator, serving as yet another support, is situated at $0.00001656.
The RSI indicator is situated within the overbought region. Its value has transcended the overbought threshold in the past few hours. Currently at 81.21 and still moving upwards, this indicates an intense bullish spell. Moreover, the continual ascending curve of the RSI signifies a massive turnover for the currency. This induces confidence within the investors with regards to the future price increases.
Period | Value | Action |
SMA 3 | $ 0.00001731 | SELL |
SMA 5 | $ 0.00001770 | SELL |
SMA 10 | $ 0.00001933 | SELL |
SMA 21 | $ 0.00001944 | SELL |
SMA 50 | $ 0.00002275 | SELL |
SMA 100 | $ 0.00002466 | SELL |
SMA 200 | $ 0.00002321 | SELL |
Period | Value | Action |
EMA 3 | $ 0.00001851 | SELL |
EMA 5 | $ 0.00001849 | SELL |
EMA 10 | $ 0.00001887 | SELL |
EMA 21 | $ 0.00002026 | SELL |
EMA 50 | $ 0.00002252 | SELL |
EMA 100 | $ 0.00002352 | SELL |
EMA 200 | $ 0.00002174 | SELL |
Bonk price analysis for the day gives out a highly bullish prediction regarding the ongoing market events. Coin value has hiked up to $0.00002262 amidst the massive turnover in the last 24-hours. Moreover, as the market sentiment is positive, Bonk Coin has gained a substantial 13.97% recovery. Green candlesticks on the one-day price chart mark a strong upswing for the cryptocurrency. Technical indicators as well as the price charts continue to support the bulls amidst the growing buying pressure.
After its launch in December 2022, Bonk quickly gained traction. Being on the Solana blockchain triggered a huge surge in SOL’s price, attributed to Bonk’s unique distribution strategy. Bonk is a meme coin, but it has many side projects that contribute to its usability and make it more valuable than a mere dog meme coin. It is expected that by 2030, Bonk will reach $0.000292, which is approximately 15 times its current price, making it a good investment to consider.
Bonk gained a substantial portion of its value over the last 24 hours. In the last few hours, its value increased by $0.000002262. Today’s increasing pressure triggered a massive ascent in the coin’s value.
Bonk is currently trading in its middle price range. Considering the current situation, the coin’s price has initiated a recovery as the crypto pair has secured support at the $0.00001812 level. The recovery can continue as long as buyers remain consistent.
Bonk’s strongest current resistance level is $0.0000255. However, just a few days ago, Bonk saw some price action above this level. Bonk may not break above this level in the short term, but according to market speculation, it will reach $0.000055 by mid-2026.
Cryptopolitan’s Bonk price prediction suggests that the coin can reach $0.000100 and surpass it by 2028. When Bonk reaches this price level, its market capitalization will increase 4.5-fold.
According to Cryptopolitan’s price prediction, Bonk may not achieve the $1 level in the foreseeable future. It will take considerable time and significant growth in the coin’s market cap to reach $1, which seems impossible as of now.
Bonk has garnered much attention from investors with its community-driven value. However, analysts do not share the same sentiment and are divided in their views on the crypto pair. This is true to an extent, as after its initial surge, sustaining the momentum has proved a challenge for Bonk. According to The Cryptopolitan’s review of the cryptocurrency, it is expected that Bonk will reach a maximum value of $0.000292 by the end of 2030, which is quite a bit above its current price.
Bonk price prediction for September 2024 is a minimum value of $0.0000158 and an average price of $0.0000185. The price could reach a maximum of $0.0000212 during the month.
Month | Potential Low | Potential Average | Potential High |
September | $0.0000158 | $0.0000185 | $0.0000212 |
Bonk price prediction for 2024 anticipates a minimum value of $0.000025 and an average price of $0.000026. The price could reach a maximum of $0.000027 during the year.
Year | Potential Low | Potential Average | Potential High |
2024 | $0.000025 | $0.000026 | $0.000027 |
Year | Minimum Price | Average Price | Maximum Price |
2025 | $0.000037 | $0.000038 | $0.000044 |
2026 | $0.000051 | $0.000052 | $0.000063 |
2027 | $0.000078 | $0.000080 | $0.000090 |
2028 | $0.000117 | $0.000120 | $0.000132 |
2029 | $0.000174 | $0.000179 | $0.000202 |
2030 | $0.000258 | $0.000265 | $0.000303 |
The Bonk price forecast for 2025 is for BONK cryptocurrency to trade at a minimum price of $0.000037 and an average price of $0.000038. The maximum forecast price for 2025 is $0.000044.
The Bonk price forecast for 2026 suggests BONK cryptocurrency could reach a minimum price of $0.000051 and an average price of $0.000052. BONK coin is estimated to reach a maximum price of $0.000063.
Ripple Bonk price forecast for 2027 estimates a minimum value of $0.000078 and an average trading price of $0.000080. The maximum price forecast for 2027 is $0.000090.
The Bonk forecast for 2028 expects the price of 1 BONK to reach a minimum of $0.000117 in 2028. The BONK price can reach a maximum level of $0.000132, with an average price of $0.000120 throughout 2028.
The Bonk price prediction for 2029 estimates that BONK to attain a minimum value of $0.000174 and an average price of $0.000179, with a maximum price of $0.000202.
According to the Bonk price forecast for 2030, BONK is predicted to hit a minimum price of $0.000258 and an average price of $0.000265 throughout the year 2030. The maximum forecasted BONK price for 2030 is set at $0.000303.
Firm Name | 2024 | 2025 |
Coincodex | $0.00007376 | $ 0.000106 |
Digitalcoinprice | $0.0000487 | $0.0000570 |
Our forecast shows that Bonk will achieve a high price of $0.000029 near the end of 2024. In 2025, the XRP price will range between $0.000037 and $0.000045. In 2030, the cryptocurrency will range between $0.000237 and $0.000283, with an average price of $0.000246. It is important to consider that the predictions are not investment advice. Professional consultation is suggested, or one should do his own research.