Bonk (BONK) Price Prediction 2024-2030: Will BONK Price Hit $0.0001 Soon?

• BONK’s price might surpass its all-time high and hit $0.000086 in 2024.
• By 2026 and 2027, the price of BONK might be $0.000098 and $0.000073.
• The bullish price prediction for BONK is 2030 is $0.00069.

Before a whole number of meme coins appeared on Solana (SOL), Bonk had existed. However, the hype around the token went down at a point before its tremendous resurgence in 2023. For some people, BONK has hit a local top. 

For others, the token is just starting. Whichever side of the divide you might be, it could do you a lot of good to read this article. Here, Coin Edition looks at the potential of BONK and its price predictions from 2024 to 2030.

Bonk (BONK) Real Time Market Status

What is Bonk?

Those who developed Bonk say the memecoin is “for the people, and by the people.” For the unfamiliar, the BONK was the first dog-themed token on Solana. When it launched, the creator airdropped 50% of the total supply to the Solana community on Christmas day in 2022.

However, trading only began on December 30 of the same year. BONK’s goal as of its launch was to help bring liquidity back Solana, and interestingly, it has been able to do that with SOL’s price and many other tokens on the ecosystem surging to new highs.

BONK Current Market Status

BONK’s price increased by 29.39% in the last 24 hours as meme coin prices surged. The price increase ensured that the market cap of the token started approaching $2 billion again. As of this writing, BONK’s market cap was $1.75 billion.

Its trading volume was $632.55 million, representing a 280% increase in the last 24 hours. BONK’s maximum supply is higher than a lot of other cryptocurrencies at 93.52 trillion tokens. However, not all of this supply is in circulation as only 65.19 tokens were unlocked. The meme coin is listed on different exchanges including Binance, Coinbase, HTX, Kraken, and Bybit.

Bonk (BONK) Price Analysis

Since its inception, BONK has been one of the best performers in the market. However, there have been times when the value of the token slid. But most times, it recovers after the decline. In this segment, Coin Edition looks at BONK, its price potential in the short term, and predictions from 2024 to 2030.

Bonk (BONK) Price Analysis – Bollinger Bands

According to the BONK/USD 4-hour chart, volatility around the token has increased. This was confirmed after Coin Edition analyzed the Bollinger Bands (BB). With increasing volatility, BONK’s price has the potential to extend higher provided bulls back the trend.

At the same time, profit-taking could cause the uptrend to plunge. From a bullish perspective, BONK’s price might rise to $0.000030. However, a bearish market condition could force the price below $0.000022.

Bonk (BONK) Price Analysis – Relative Strength Index (RSI)

BONK’s performance in the last 24 hours was proof that the token experienced high buying pressure. As a result, the RSI reading jumped. But at press time, the RSI had hit an overbought point, meaning that BONK’s price could drop at any point.

Should buying pressure reduce, the value of the token might drop back to $0.000019. However, an extension of the buying pressure could send the price toward $0.000032.

Bonk (BONK) Price Analysis – Moving Average Convergence Divergence

Despite the potential of a drawdown, the Moving Average Convergence Divergence (MACD) reading was positive. With this reading, BONK’s momentum might remain bullish and the price might evade correcting. 

However, traders need to watch out for the actions of buyers and sellers as this might affect the next direction BONK goes. If buyers continue to outpace sellers, then the value of BONK might rise. On the other hand, if the 26 EMA (orange) flips the 12 EMA (blue), then the price might plummet.

Bonk (BONK) Price Prediction 2024

The daily BONK/USD chart presented a bullish structure for the token. This was evident from the memecoin’s trend relative to the Supertrend indicator.

As of this writing, the Supertrend flashed a sell signal at $0.000022. But BONK had surpassed that level, suggesting that the price might tap new highs before the end of 2024. Another indicator backing the prediction was the Money Flow Index (MFI).

At press time, the MFI reading had spiked, indicating that a lot of liquidity was flowing into BONK. If this stays the same for the remainder of the year, BONK might end 2024 at $0.000086.

Bonk (BONK) Price Prediction – Resistance and Support Levels

At different times, BONK had banked on several support levels to break out. Two of the notable ones include the $0.000013 and $0.000016 levels.

From the 4-hour chart, BONK has been able to rally to incredible heights after hitting these levels. However, there was a crucial resistance at $0.000022 which could make or mar BONK. If the price drops below this resistance, it might hit $0.000018. On the other hand, a close above it could send BONK toward $0.000029.

Bonk (BONK) Price Prediction 2025

If you think meme coins are going to fizzle out anytime soon, then you might be wrong. As such, BONK’s price might continue to rally in 2025. Furthermore, the project has a solid community to keep up the hype with the token. Therefore, the price might hit $0.00012 in 2025.

Bonk (BONK) Price Prediction 2026

By 2026, BONK might not maintain the same momentum it might have had in 2024 and 2025. This is because many market participants might realize profits gained over the years. Hence, the price might drop to $0.000098.

Bonk (BONK) Price Prediction 2027

BONK might find it hard to bounce from its lows in 2027 as the crypto bear market might last for more than a year. Thus, the price could be $0.000073 by the end of 2027.

Bonk (BONK) Price Prediction 2028

In 2028, BONK might get its lucky strike back. With the help of its community, the price of the token might hit new highs. This places the price prediction at $0.00030

Bonk (BONK) Price Prediction 2029

The year 2029 might continue to be bullish for meme coins like BONK. Should this be the case, the price of the token might end the year at $0.00047.

Bonk (BONK) Price Prediction 2030

By 2030, liquidity entering BONK might have hit an astronomical figure. As such, the market cap of the token could get close to $20 billion. If this is the case, BONK might rise to $0.00069.

Bonk (BONK) Price Prediction 2040

BONK’s price might surge past the prices listed above in 2040. At maximum value, the price of the cryptocurrency could hit $0.00050

Bonk (BONK) Price Prediction 2050

In 2025, meme coins might have gained a lot of market share. As such, the prices of tokens in this category are expected to reach high values. Hence, BONK’s price might hit $0.00078

Conclusion

In conclusion, Bonk’s market cap might rise higher than its current position. While this might be possible, that does not mean that the value would not decrease. On a shorter timeframe, BONK might undergo a correction. But in the long run, the token seemed destined to reach a new all-time high.

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