Is BONK the Next 1000x Dogecoin? Exploring Bonk Coin and Other Fast Growing Crypto Coins

Amidst signals and bullish sentiments in the cryptocurrency market, some meme tokens are capturing attention, reminiscent of the impressive performance of Dogecoin (DOGE) in years past. Today, one of the prominent new meme coins in town is Bonk, which has been making waves over the past weeks. 

With information from trusted Web3 publications and crypto-related accounts, this article will look into Bonk and its trajectory, alongside a comparison with other newer meme tokens such as ApeMax and other notable coins shaping the future of meme coins.

Bonk Coin Defined

Bonk is a coin introduced on the Solana blockchain. Unlike Shiba Inu and Pepe Coin, which are ERC-20 tokens on the Ethereum Chain, Bonk and its counterpart ApeMax have chosen newer, more cost-effective chains, Solana in the case of Bonk and Binance Smart Chain (BSC) for ApeMax.

Although Bonk launched over a year ago, in December 2022, through a free airdrop to the Solana community, its popularity surged just recently. With a strong community focus, Bonk has integrated with over 100 Web3 partners, spanning wallets, NFTs, and gaming platforms. 

Bonk has also secured listings on several exchanges, propelling its market cap beyond $1.1 billion, becoming the third-largest meme token behind Shiba Inu and Dogecoin.

High Growth Coins and Crypto Presales to Watch in 2024

• Shiba Inu (SHIB). Often dubbed the “Doge killer,” SHIB boasts a vibrant community and expanding utility through its ecosystem.

• Dogecoin (DOGE). The original meme coin holding a multi-billion dollar market cap and a vast online community.

• Polkadot (DOT). The first fully sharded blockchain launched in 2016 by Gavin Wood, Ethereum’s former CTO and co-founder.

Bonk Coin vs. Other Meme Coins

Bonk shares similarities with fellow meme tokens while setting itself apart from other coins through certain unique features. It stands out as one of the first major Solana-powered meme tokens, aligning with newer meme coins opting for chains with lower gas fees. 

ApeMax, for instance, operates on the Binance Smart Chain, ensuring efficiency and lower gas fees. Similar to Shiba Inu’s ShibaSwap, Bonk has its own BonkSwap and has integrated with NFTs, following the footsteps of SHIB.

Is Bonk a Meme Coin?

Bonk is a meme coin. Launched in December 2022 through a free airdrop for the SOL community, Bonk gained widespread recognition in November 2023. Notably, Binance listed Bonk (BONK) for spot trading pairs last December 15, 2023.

How Many Bonk Coins Are There?

Bonk boasts a circulating supply of 60 trillion tokens. 

Will Bonk Coin Reach $1?

Bonk has sustained bullish price movements over the last 30 days, soaring by over 310%. In the last 7 days, the token’s price grew by 77%. However, Bonk’s price has sustained a minor decrease of 16% in the last 24 hours. As a result it’s unclear what the short term has in store for the price of Bonk.

Wrapping Up Bonk Coin and Other Fast Growing Crypto

As Bonk experiences momentum, surpassing a $1 billion market cap, it cements itself as the third-largest meme token behind Shiba Inu and Dogecoin. Launched on the Solana blockchain, Bonk distinguishes itself through community focus, extensive integrations, and the BonkSwap platform. Comparatively, ApeMax on the Binance Smart Chain emerges as another exciting new meme coin entering the field.

Understanding the associated risks affecting all crypto coins is essential. Independent research and caution are paramount before engaging with any crypto. This article does not offer financial or investment advice. 

For readers who want to explore ApeMax coins, verify purchase eligibility rules before making decisions. Visit the ApeMax website for detailed information on restricted and ineligible countries.