Coinbase Effect? Dogecoin Rival BONK Soars 75% — Analyst Projects ’20x’ Surge For The Meme Coin – Emeren Group (NYSE:SOL)


“Finish 2023 Strong With 3 Hot Stock Ideas – Practically Free”

Ready for your shot at the next potential 32%, 39% or 45% gains in today’s market? You’re about to miss Stock Expert Gianni Di Poce’s 3 latest stock ideas… Ones that could shift your entire wealth-building journey. If you’re ready to end 2023 strong with 12 hot stock ideas every single month. ACT FAST.


Solana’s (CRYPTO: SOL) meme token BONK (CRYPTO: BONK) has recorded a 75% increase in price within a 24-hour period. It is now standing out as one of the lead performers in the CoinMarketCap top 100 cryptocurrencies.

What Happened: BONK’s trading volume has skyrocketed by 140%, reaching $681 million, as per the latest figures obtained from CoinMarketCap. 

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!

The two biggest meme cryptocurrencies by market capitalization Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were up 4-6% in the last 24 hours.

The rise in BONK’s price can be attributed to Coinbase, a cryptocurrency exchange platform adding Solana’s meme coin to its roadmap. 

Additionally, BONK has added its community with the debut of BONKBot, a program designed to facilitate the trading of crypto assets on Telegram.

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals


Before You Buy That Next Gift, Invest In Your Future With Options

Want to become an options master? In his special 90% discount, Nic Chahine will give you full access to his top options plays, including strategies he’s used to bag two-digit winners. Learn Nic’s time-tested strategies ASAP. Buy here for only $0.99.


Why It Matters: Joe Vezzani, CEO of social intelligence firm LunarCrush, acknowledged the stride of BONK, tweeting, “$BONK and $WOO at the top of the AltRank list. We’re baaaacckkk.” 

The pseudonymous crypto analyst Kaleo pointed to an even brighter future for BONK, predicting a possible 20-fold increase in value.

Meanwhile, crypto analyst Ali Martinez provided a more cautionary perspective, suggesting that BONK could be heading toward a month-long correction period. He based this forecast on the reversal of a key market indicator which is presently signaling a potential sell-off.

Photo by stockphoto-graf on Shutterstock

Price Action: At the time of writing, BONK was trading at $0.000024, according to Benzinga Pro.

Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?


“Finish 2023 Strong With 3 Hot Stock Ideas – Practically Free”

Ready for your shot at the next potential 32%, 39% or 45% gains in today’s market? You’re about to miss Stock Expert Gianni Di Poce’s 3 latest stock ideas… Ones that could shift your entire wealth-building journey. If you’re ready to end 2023 strong with 12 hot stock ideas every single month. ACT FAST.


© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.