What’s Next For BONK Price After Binance and Coinbase Listings?

Key takeaways:

• BONK coin price has surged over 7,000% since September 2023, claiming itself as the 3rd-largest meme coin after DOGE and SHIB.
• Recent listings of BONK on Binance and Coinbase have provided further exposure and price lifts, with a 45% price jump in 24 hours after the Coinbase listing
• Our algorithms expect a relatively steady BONK price activity over the next few months, with the potential for over 0.74% growth by the month of March 2024.

BONK Price Surges Over 7,000% With Exchange Listings

BONK (BONK), the leading Solana meme coin that brands itself as “the Solana dog coin for the people and by the people”. The coin has seen a remarkable price increase since its launch in December 2022, hitting 7,000% since the month of September 2023 and claiming itself as the 3rd-largest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB).

What are the reasons behind this phenomenal growth? One notable factor was the coin’s airdrop that took place during its launch. 

According to the report, 50% of the total supply of BONK was distributed to the Solana community, which later created a huge demand for the coin as Solana users wanted to claim their free token and participate in the airdrop. This airdrop also generated a lot of bus and exposure for BONK, which attracted new investors and Supporters.

Another factor of this surge is the recent popularity of meme coins, which have been dominating the crypto space in recent months. After deriving its inspiration from the two most famous meme coins – Shiba Inu and Dogecoin, BONK uses the power of memes and social media to create an engaging experience for its users.

The most important catalyst of BONK’s price surge is the recent listing on Binance and recently on Coinbase.

On Dec 13, Coinbase took to social media X to announce the listing on the coin on its platform. This listing aims to give traders and investors access to the emerging opportunity, however, the exchange cautioned users against prematurely depositing the assets on other networks to avoid potential loss.

Coinbase tweeted “Coinbase will add support for Bonk (BONK) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.”

Reacting to this recent listing, BONK quickly took to its heels, gaining nearly 45% in value to reach $0.00001513 in the last 24 hours, with a maket cap of over $930M.

Algorithm predicts steady BONK coin price activity in coming months

According to predictive algorithms, BONK is expected to reach $0.00001658 by mid-February 2024, a 0.74% increase from the current price.

While the algorithm’s best-case scenario is over 2.03% growth to $ 0.00001498 in the next one month, the worst-case prediction is a 0.50% drop to $0.00001447. 

Conclusion

To sum it up, BONK’s value skyrocketed by 7,000%, thanks to a free token giveaway, social media engagement, and getting listed on major exchanges like Coinbase.

After being added to Coinbase, BONK shot up by 45% in a day, hitting $0.00001513 in just 24 hours. These recent moves and current popularity have made it an opportunity for investors, however, they should be aware of potential ups and downs