Solana-based meme token BONK (BONK), a new Shiba Inu-styled altcoin that debuted in late December after a massive airdrop, has seen a 90% increase in price over the past 24 hours. The cryptocurrency is also up 2,200% since going live, fueling serious anticipation that it could be the next big thing in dog-related meme tokens.
Of course, the problem with most meme coins is that, beyond the association with the unpredictable pump, they don’t have much in the way of fundamentals. Bonk hopes to counteract this to some extent by eventually launching its own DAO and connecting it to various parts of the Solana ecosystem, yet time will tell whether this can be more than just another flash in the pan.
Latest Memecoin Bonk Price Prediction As Bonk Explodes Up 2000% In 5 Days – Is It The Next Shiba Inu?
BONK has seen a steady increase in volume and price since becoming tradable at the end of last month. This being a crypto, and BONK being a meme coin, it is hard to tell when the momentum might shift to the downside.
That said, it’s been less than a week since BONK entered the market, so it may at least have a few days to run it before early holders start dumping their bags. On Large scale on newcomers.
If nothing else, the launch of BONK underscores the value of joining the network’s ecosystem. This is because 50% of its total maximum supply (out of 100 trillion BONK) was given to various developers, creators and NFT holders within the Solana community.
As shown in the pie chart above, 5% of BONK’s total supply goes to Solana developers, 20% to Solana-based NFT collection holders, 10% to artists and collectors, and 15% to users of Solana-based DEX OpenBook. was given to The rest will be a mix of early contributors (who must vest their BONK for three years), exchange liquidity, marketing and team development.
Other than that, there isn’t much else to say about BONK. Its team describes it as “the first Solana dog coin for the people”, although what it does for ‘the people’ (outside Solana contributors and developers) is anyone’s guess.
Still, what cryptocurrency investors tend to pay attention to more than anything else is not fundamentals, but price movements. And to be honest, BONK has had a great opening week so far, and has already crossed the top 250 coins by market cap.
Needless to say, it won’t sustain a price increase for long if it doesn’t have a real use case behind it. In this regard, it is encouraging to note It already only partners with more than 10 developers and/or projects Within the Solana ecosystem, something that could help integrate with different platforms in the coming weeks and months.
Altcoins with Fundamentals
Given how BONK is a meme token, it may be worth looking at other new altcoins with strong fundamentals. There are actually only a few of these on the market, with pre-sale coins arguably the best chance of making a significant profit amid the ongoing bearish conditions.
In fact, the 2022 pre-sale was great with Lucky Block (LBLOCK), for example, seeing as much growth as 6,000% In February, compared to a selling price of $0.00015. Similarly, Tamadoge (TAMA) An increase of up to 1,800% compared to its pre-sale price In October, when it was listed on OKX.
This shows how new altcoins with good fundamentals and patterns can make huge profits. Accordingly, we have handpicked three of the most promising token sales happening right now with exchange listings coming soon.
Fight Out (FGHT)
to fight (FGHT) is an Ethereum-based move-to-earn platform that combines real-life workouts with Web3. Moving on from earlier M2E platforms such as STEPN, it will track and reward a wide range of workouts including boxing, weightlifting and yoga, while also offering a range of in-app and IRL courses at its own branded gyms.
Its token sale was launched last month Has already raised over $2.6 million, 1 FGHT is currently going for $0.0166 (it will increase in the later stages of the sale). Investors can participate by visiting its official website and connecting their Connect Wallet or MetaMask Wallet.
Dash 2 Trade (D2T)
also running on ethereum, dash 2 business There is a trading intelligence platform that is set to launch in the next few months, when it will provide real-time analytics and social trading data. It provides investors of all experience levels with all the resources and tools they may need to improve their trading performance.
its D2T token sale has raised over $13.1 million And is about to end in only two days. It has also announced listings on BitMart, Changelly Pro, and the LBANK exchange in early 2023, with the first scheduled to happen next week (January 11).
C+ charge (CCHg)
c+ charge (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations that aims to democratize access to carbon credits. Based on the BNB chain, it has launched sales for its native CCHG token before the end of 2022, with CCHG set to be used within its network by EV owners to pay for charging their vehicles Was.
C+Charge will also reward users with carbon credits for charging their EVs at its stations, while the platform has already signed a deal with Perfect Solutions Turkey, which will supply 20% of EV chargers in Turkey to its customers. Adding to network.
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