Bonk\u2019s price settled Monday to 0.000049 Monday after a 14-day melt-up to a new all-time high price at the 0.000055 handle. \u201cHoly sh**!\u201d exclaimed Shawn.eth (Punk #4220), a Bonk investor on X Monday.<\/p>\n
\u201cMy $BONK bag was $30,000 when j bought and now its $2,300,000,\u201d Shawn.eth wrote<\/a>.<\/p>\n \u201cBonk started the entire memecoin supercycle early last year,\u201d said<\/a> PepeXBT over the weekend, \u201cNow its leading the pack into $10b level.\u201d<\/p>\n A recent article that appeared on Forbes Advisor said, \u201cEven though traditional investment experts often recommend steering clear of meme-coins, the popularity of these cryptocurrencies among crypto investors is undeniable.\u201d<\/p>\n Could the furry Solana meme coin slide up the chart to eclipse Shiba Inu\u2019s market cap in 2025?\u00a0Here are five bullish factors for Bonk and two bearish ones for Shiba Inu as the current market cycle turns:<\/p>\n Like many crypto assets, BONK entered a price discovery mode in November. Along with its base layer chain, Solana\u2019s SOL tokens, daily trading volumes are surging.<\/p>\n So many new entries in markets for Bonk, along with the exuberant rise in prices, may signal a strong uptrend for SHIB\u2019s furry friend.<\/p>\n $BONK<\/a> is entering price discovery mode, uncharted territory. Anything could happen from here.<\/p>\n Don\u2019t underestimate retail FOMO.<\/p>\n My lines suggests we could see a 20x from here. pic.twitter.com\/W2hgIWBJhQ<\/a><\/p>\n \u2014 Cool Dog (@Cool1Dog) November 16, 2024<\/a><\/p>\n\n \u201cBONK is entering price discovery mode, uncharted territory,\u201d Cool Dog posted on X Saturday, \u201cAnything could happen from here.\u201d<\/p>\n Trading volume for the #37 coin by market cap surpassed that for market leader Bitcoin (BTC) on Coinbase briefly. That is very bullish for Bonk going forward.<\/p>\n Demand for Bonk tokens is surging.\u00a0The meme currency\u2019s price rose 16% in a 24-hour surge on Nov. 17, capping off a run-up from Nov. 3 that pushed the coin\u2019s value into entirely new territory. It\u2019s now up by 70% weekly.<\/p>\n The new record Bonk price of $0.000055 is vastly overpowered compared to the previous ATH in May at the 0.000041 handle.<\/p>\n Noting that the gains outpaced DOGE and SHIB, a report appearing on<\/a> Yahoo Finance Sunday alerted readers that altcoin traders are anticipating more explosive growth ahead for Bonk.<\/p>\n Based on its market technical signals and upcoming supply cuts, altcoin investors see BONK as an undervalued meme coin after it hit its ATH price in November.<\/p>\n A fresh token scorcher that burnt $4 million worth of Bonk on Wednesday, Nov. 13 may have helped the price to rally with such force through the weekend.<\/p>\n Lower supplies can often lead to higher prices in cryptocurrency markets if demand stays the same or grows. Fewer tokens with more altcoin traders fighting over them make each token in the bag more dear.<\/p>\n The supply blaze isn\u2019t over yet. The official Bonk community account for Bonk DAO on X announced on Friday that it\u2019s aiming to burn 1 trillion more tokens by Christmas.<\/p>\n The BONK DAO BURNmas SUPER thread<\/p>\n The Mission: Burn 1 Trillion $BONK<\/a> by Christmas<\/p>\n The campaign features BONK burns based on specific engagement criteria.<\/p>\n Here\u2019s how YOU can help The Dog in what will be the largest on-chain community driven burn event in the history of Solana pic.twitter.com\/tcSY5W3vd9<\/a><\/p>\n \u2014 BONK!!! (@bonk_inu) November 15, 2024<\/a><\/p>\n\n \u201c$BONK will be one of the main memes of this cycle,\u201d wrote<\/a> DreamCryptoX, a cryptocurrency YouTuber, on Monday.<\/p>\n Bonk analysts on X are pumping hard for the Solana meme. After this month\u2019s big rally, Bonk enthusiasts issued several exciting price predictions.<\/p>\n My conservative target for $BONK<\/a> is $30B<\/p>\n That\u2019s a clean 15x from here.<\/p>\n You don\u2019t wanna know my moon target<\/p>\n \u2014 Zer0 \ufe0f (@degengambleh) November 11, 2024<\/a><\/p>\n\n \u201cDon\u2019t underestimate retail FOMO. My lines suggests we could see a 20x from here,\u201d wrote Cool Dog Saturday. Self-proclaimed degen gambler Zer0 posted, \u201cMy conservative target for $BONK is $30B That\u2019s a clean 15x from here.\u201d<\/p>\n Get introduced to our newest listing, $BONK<\/a>, with this week\u2019s fast facts! pic.twitter.com\/3e7xhAVofG<\/a><\/p>\n \u2014 Binance.US (@BinanceUS) November 13, 2024<\/a><\/p>\n\n Binance US announced on Wednesday that trading went live for BONK\/USDT. The US crypto exchange platform also launched support for depositing and withdrawing Bonk on the Solana network.<\/p>\n \u201cWe\u2019re excited to announce that BONK is now listed on Binance.US,\u201d the popular US crypto exchange said in<\/a> an announcement on its website. \u201cYou can now trade and deposit BONK on the best crypto platform for low fees and high rewards.\u201d<\/p>\n $BONK<\/a> today is like buying $Doge<\/a> back in 2021<\/p>\n Back when we were all just hoping to get $Doge<\/a> to a penny<\/p>\n It\u2019s on coinbase already and it\u2019s on Robinhood for Europe users only.<\/p>\n If we get the Robinhood listing in the US for $Bonk<\/a> the people that buy now will be loaded<\/p>\n \u2014 Easy Money (@Bitcoin_Teej) November 12, 2024<\/a><\/p>\n\n \u201c$BONK today is like buying $Doge back in 2021,\u201d Easy Money Bitcoin Teej averred in a post last Tuesday that, \u201cIf we get the Robinhood listing in the US for $Bonk the people that buy now will be loaded.\u201d<\/p>\n Shiba In has a long way to go to retrace its all-time high from 2021, so it has room and precedent to outrun Bonk to the top of this market cycle. But it didn\u2019t show the signs of bullish momentum on the election rally this month that Bonk did.<\/p>\n Market prices for the self-proclaimed Dogecoin-killer fell in the seven days ending Nov. 18, according to data from CoinMarketCap. Bag holders dropped Shiba, perhaps for other meme currencies or more utility-based tokens, like Hedera and Render.<\/p>\n According to<\/a> Grzegorz Drozdz, a Market Analyst at Conotoxia, a Cyprus-based crypto exchange for European users, \u201cShiba Inu\u2019s biggest disadvantage seems to be at the same time its biggest advantage\u2014fashion and popularity.\u201d<\/p>\n \u201cThere have been many similar designs since Shiba Inu was created, which in turn reduces the potential for Shiba Inu to become another seasonal favourite,\u201d Drozdz said.<\/p>\n The post Could BONK Flip SHIB By Bitcoin\u2019s Final ATH This Meta Cycle?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bonk\u2019s price settled Monday to 0.000049 Monday after a 14-day melt-up to a new all-time high price at the 0.000055 handle. \u201cHoly sh**!\u201d exclaimed Shawn.eth (Punk #4220), a Bonk investor on X Monday. \u201cMy $BONK bag was $30,000 when j bought and now its $2,300,000,\u201d Shawn.eth wrote. \u201cBonk started the entire memecoin supercycle early last […]<\/p>\n","protected":false},"author":0,"featured_media":21571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21570"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21570"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21571"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}1. Volume Rush a New Price Discovery Window<\/h2>\n
2. BONK Price Deluge Flips WIF<\/h2>\n
3. Supply Blazing as BONK Burns $4M Worth<\/h2>\n
4. Expert BONK Price Predictions 15x, 20x<\/h2>\n
5. Binance US Listing<\/h2>\n
6. BONK Outperforms SHIB in Nov<\/h2>\n
7. SHIB Upside Could Be Exhausted<\/h2>\n