Bonk price prediction 2024 – 2030: How high will Bonk go?

Key takeaways

• Bonk price prediction for 2024 anticipates a maximum price of $0.000029.
• Our Bonk price prediction for 2027 anticipates a price range of $0.000078 to $0.000095.
• In 2030, we expect Bonk price to record a maximum price of $0.000283 with an average price of $0.000246.

Bonk is one of the most successful crypto projects in 2024. The dog-themed Solana-based coin has become one of the most recognized meme coins, with its market capitalization reaching $2.7 billion in May.

Bonk (BONK) is a crypto token built on the Solana blockchain, much like DOGE, WIF, or SHIB. Bonk is a digital asset that can be traded on a number of online platforms, such as Binance, KuCoin, Kraken, MEXC, CoinEx, OKX, gate.io, and Bybit.

Bonk has a maximum supply of 93 trillion. It is important to note that 66 trillion BONK are already in circulation. The interesting part is that despite being a meme coin, Bonk’s supply is tied to its burning process to appreciate its value.

The token became popular in 2022 after an airdrop to the Solana community. Despite Bonk’s popularity and appeal, the token is highly volatile, and wild swings in its price action are routine.

Along with being a meme coin, the Bonk ecosystem is far more diverse. A number of projects built around Bonk also increase its utility prospects, which makes it a popular choice among traders and is also considered the primary trigger behind its 2024 bull run. Bonk Swap, Bonk Rewards, and Bonk BOT are the main features of the Bonk ecosystem.

Overview

Bonk price prediction: Technical analysis

Bonk price analysis: Cryptocurrency devalues below $0.00002110

 TL;DR Breakdown:

• Bonk price analysis confirms a downtrend at $0.00002110.
• The cryptocurrency has lost up to 2.81% of its value today.
• Bonk prices are seeking resistance around $0.00002210.

On August 25, 2024, Bonk price analysis confirmed a bearish scenario regarding the ongoing price movements. Coin value has reduced to $0.00002110, low considering the rising bearish strength. Overall, the cryptocurrency has lost up to 2.81% of its value in the last 24 hours. This confirms a negative market sentiment and a suitable trading environment for the cryptocurrency sellers.

Bonk 1-day price chart: Coin value declines below the $0.00002110 marker

The 1-day price chart of Bonk reveals a decreasing trend for the cryptocurrency. Currently trading at $0.00002110, the cryptocurrency has devalued up to 2.81% today. This descending price movement is indicative of a bearish trend and an overall negative market sentiment. However, considering the previous hike, the cryptocurrency value is situated above its moving average.

The gap between the Bollinger bands defines the market volatility. As the Bollinger bands are widening, this indicates an increasing volatility. Moreover, the upper boundary of the Bollinger bands indicator, the resistance band, is at $0.00002210. Whereas, its lower boundary, serving as the support, is present at $0.00001679.

The Relative Strength Index (RSI) indicator is hovering within the neutral region. Its value is 51.54 and still moving downward; this indicates a bearish trend. Moreover, the continuous descending movement of the RSI signals a negative market sentiment as the bears retain their lead. The recent collapse in RSI value confirms an imbalance in the trading environment. 

BONK /USD 4-hour price chart: BONK hikes past $0.00002110 boundary

The four-hour price analysis for BONK/USD revealed an increasing trend for the cryptocurrency. Coin value has recovered up to $0.00002110 high amidst the growing bullish strength. Although the overall market sentiment remains negative, the past four hours proved in favor of sellers. There are lower chances of reversal as pertinent from the receding volatility levels.

The Bollinger bands are converging, signifying a decreasing volatility. This decline in volatility further confirms a lower market unpredictability. Moving ahead, the upper boundary of the Bollinger bands indicator is situated at $0.00002269, confirming the resistance threshold. Conversely, its lower boundary is now present at $0.00001792, reflecting the available support.

The RSI indicator is present within the neutral region at 59.15. If the cryptocurrency gains further recovery, it is expected to enter the overbought area. The increasing movement of the RSI signifies a bullish trend. Moreover, the ascending curve of the RSI confirms that the buying activities are dominating over the selling activities for now.

Bonk technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA) 

What to expect from Bonk price analysis

Bonk price prediction reveals a decreasing trend for the cryptocurrency today. Coin value has decreased to $0.00002110 in the past 24-hours. The overall market sentiment is on the negative side as well, as the cryptocurrency has devalued up to 2.81% today. The selling pressure is intensifying constantly as the cryptocurrency endured sufficient losses during the day. If we discuss the technical indicators, then they give out a neutral verdict; however, the price charts are supporting the bears.

Is Bonk a good investment?

After its launch in December 2022, Bonk quickly gained traction, and being on the Solana blockchain, it triggered a huge surge in SOL’s price. The surge was attributed to Bonk’s unique distribution strategy. Bonk is a meme coin, but it has many side projects that contribute to its usability and make it more valuable than a mere dog meme coin. It is expected that by 2030, Bonk will reach $0.000292, which is approximately 15 times its current price, making it a good investment to consider.

Why is Bonk down?

Bonk devalued by 2.81% over the last 24 hours, in the last few hours, its value dropped by $0.00002110. Today’s decreasing pressure triggered an decline in the coin’s value.

Will Bonk Recover?

Bonk is currently trading in its middle price range. Considering the current situation, the coin’s price has initiated a recovery as the crypto pair has secured support at the $0.00001812 level. The recovery can continue as long as buyers remain consistent.

Will Bonk reach $0.000055?

Bonk’s strongest current resistance level is $0.0000255. However, just a few days ago, Bonk saw some price action above this level. Bonk may not break above this level in the short term, but according to market speculation, it will reach $0.000055 by mid-2026.

Will Bonk reach $0.000100?

Cryptopolitan’s Bonk price prediction suggests that the coin can reach $0.000100 and even surpass it by the year 2028. Bonk’s market capitalization will increase 4.5-fold when Bonk reaches this price level.

Will Bonk reach $1?

According to Cryptopolitan’s price prediction, Bonk may not achieve the $1 level in the foreseeable future. It will take considerable time and significant growth in the coin’s market cap to reach $1, which seems impossible as of now.

Does Bonk have a good long-term Future?

Bonk has garnered much attention from investors with its community-driven value. However, analysts do not share the same sentiment and are divided in their views on the crypto pair. This is true to an extent, as after its initial surge, sustaining the momentum has proved a challenge for Bonk. According to The Cryptopolitan’s review of the cryptocurrency, it is expected that Bonk will reach a maximum value of $0.000292 by the end of 2030, which is quite a bit above its current price.

Recent news/opinion on Bonk

• Bonk explained the process of launching projects at Bonk. The network said the technology is ready to serve, but there will be a cap on the number of projects during each campaign.

Bonk price prediction August 2024

Bonk price prediction for August 2024 is a minimum value of $0.0000224 and an average price of $0.0000275. The price could reach a maximum of $0.0000324 during the month.

Bonk price prediction 2024

Bonk price prediction for 2024 anticipates a minimum value of $0.000026 and an average price of $0.000027. The price could reach a maximum of $0.000029 during the year.

Bonk price prediction 2025-2030

Bonk price prediction 2025

The Bonk price forecast for 2025 is for BONK cryptocurrency to trade at a minimum price of $0.000037 and an average price of $0.000038. The maximum forecast price for 2025 is $0.000045.

Bonk price prediction 2026

The Bonk price forecast for 2026 suggests BONK cryptocurrency could reach a minimum price of $0.000055 and an average price of $0.000056. BONK coin is estimated to reach a maximum price of $0.000063.

Bonk price prediction 2027

Ripple Bonk price forecast for 2027 estimates a minimum value of $0.000078 and an average trading price of $0.000080. The maximum price forecast for 2027 is $0.000095.

Bonk price prediction 2028

The Bonk forecast for 2028 expects the price of 1 BONK to reach a minimum of $0.000114 in 2028. The BONK price can reach a maximum level of $0.000139, with an average price of $0.000117 throughout 2028. 

Bonk price prediction 2029

The Bonk coin price prediction for 2029 estimates that BONK to attain a minimum value of $0.000160 and an average price of $0.000166, with a maximum price of $0.000196.

Bonk price prediction 2030

According to the Bonk price forecast for 2030, BONK is predicted to hit a minimum price of $0.000237 and an average price of $0.000246 throughout the year 2030. The maximum forecasted BONK price for 2030 is set at $0.000283.

Bonk market price prediction: Analysts’ BONK price forecast

Cryptopolitan’s Bonk (BONK) price prediction

Our forecast shows that Bonk will achieve a high price of $0.000029 near the end of 2024. In 2025, the XRP price will range between $0.000037 and $0.000045. In 2030, the cryptocurrency will range between $0.000237 and $0.000283, with an average price of $0.000246. It is important to consider that the predictions are not investment advice. Professional consultation is suggested, or one should do his own research.

Bonk historic price sentiment

• In December 2022, Bonk was launched with a price of $0.0000001487 and made history by making a surge of more than 30% in SOL tokens.
• Bonk cryptocurrency quickly climbed into the top 100 by market cap, reaching $0.0000034 per coin on January 5, 2023.
• However, by March 2023, the price of the Bonk token had fallen from $0.0000004134, losing substantial value.
• In June 2023, Bonk’s price did not experience much action, and it gradually decreased to $0.0000001927 in September 2023.
• In October 2023, Bonk started to see bullish sentiment, with the price reaching $0.0000005518, which eventually reached $0.00002445 on December 15, 2023.
• Bonk closed 2023 with a price tag of $0.00001407, significantly higher than the price at the start of the year but almost 50% down from the highest price point of 2023.
• In January 2024, Bonk sustained a higher price level, averaging around $0.00001190, fluctuating from $0.00001075 to $0.00001617.
• By February, bullish momentum started to build again, and in March, prices began to spike by $0.00002445.
• Bonk reached $0.00003771 on March 5, 2024, and stayed near this level till March 15.
• Bonk declined to $0.00001394 on April 18, 2024, before starting another bull run.
• On May 29, 2024, Bonk observed its all-time high price of $0.00004115.
• In July 2024, bonk token traded within the $0.0000182–$0.0000339 range.
• Since 22nd July Bok has been in a downward spiral, the token is still covering a range downwards with a price range of $0.0000223 at the start of August.

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