Token">Bonk Token has rapidly captured attention and wallets in the meme coin space after an astonishing 1,000% price increase within just one month – now holding over $760 million market cap. As the crypto canine climbs to #76 on CoinMarketCap approaching its max supply, many wonder whether Bonk could realistically overtake veterans Dogecoin and Shiba Inu in value.
Currently priced modestly at $0.000013, Bonk saw around $2 billion daily trading volume recently thanks to growing hype. Technical analysis shows robust indicators like bullish candlestick patterns, elevated RSI suggesting strong momentum, and MACD pointing to substantive buyer interest. Still, true to volatile meme coin form, swift sentiment swings remain a threat.
While short-term prognosis looks bullish above the $0.0000111 pivot point, targeting further upside resistances, the sustainability of such vertical momentum long-term stays uncertain. To displace established counterparts DOGE and SHIB with engrained network effects, Bonk would likely require maintaining viral traction and capitalizing in a “next big thing” light.
Yet Bonk backers see ample room for multiple meme coins to occupy the crypto doghouse. And the token’s early traction has turned heads regarding its potential. If activity metrics and technical factors remain positive, huge supply approaching 100 trillion circulation may not hinder significant price expansion – perhaps even putting Doge and Shiba loyalists on alert.
