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BONK, the first meme crypto on the Solana blockchain, smashed all records just a week after listing. It gave traders whooping 3300% returns in just 2 weeks.
The BONK meme coin, inspired by DOGE and SHIB, was released on December 25, 2022. According to its whitepaper, BONK is Solana’s “community coin” that will be used “across the many great DApps” on the network. Over the previous two weeks, the cryptocurrency has already witnessed 50 network integrations.
BONK Price Prediction
With a market capitalization of $1.74 billion, BONK is currently trading at $0.000002864. It has seen a bonkers price rise over the course of the past two weeks. The price of BONK has risen by 142.65% in the last 7 days and by 967.32% since its launch. It recorded an ATH of $0.000004922 on January 5, 2023. BONK’s price has increased by 34.33% in the last 24 hours (according to Coinmarketcap).
According to Coincodex’s technical analysis, investor sentiment is currently bullish. Taking the people’s interest and enthusiasm into consideration and the fact that BONK is Solana’s first ever meme coin, its prices can go even higher.
Also Read: Top Undervalued Crypto Coins To Invest In January 2023
How much money would you make if BONK’s price hit $1?
Let’s say you invest $100 in BONK today. At the current price, which is $0.000002091, you will get approximately 47,824,007 tokens. If you hold and sell these when BONK hits $1, you could make $47,824,007 (roughly more than $47 million). This means that your $100 investment would yield a whopping 4,782,300% return on investment (ROI).
Also Read: Top Ethereum Tokens To Buy In January 2023
Now, let’s assume you invest $1000 in BONK today. At today’s market price, you will have approximately 478,240,076 coins. If liquidated at the price of $1, your $1,000 investment will be worth $478,240,076, approximately $478 million, making you simply rich as hell. If BONK hits the $1 mark by 2027 (i.e., in the next 5 years), your annualised ROI will be 770.34%.
It is important for anyone considering investing in BONK to carefully research the asset, and understand the risks involved before making any investment decisions.
Disclaimer: This is not investment advice. DYOR
Also Read: Top Crypto Coins Under $1 To Invest In January 2023
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