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From November 2023 to today, a new meme coin, BONK, has seen its market cap explode from under $30 million at the start of November to well over $1 billion now in December 2023. As Bonk Coin undergoes a meteoric rise in the crypto and meme coin charts, many are wondering whether it can be the next big meme coin and just how far this coin can explode.
In this detailed article on Bonk Coin, we will dissect the new Bonk token, discuss its core features, integrations, and key points, while also discussing its explosive past trajectory and look at when this new meme coin climbed to the top of the meme coin lists. We'll also talk about and compare Bonk to Pepe coin, a previously explosive meme token, and ApeMax, a new meme coin superstar generating interest with its growing presale and innovative "Boost-to-Earn" protocol.
Bonk is a new meme coin launched on the Solana blockchain. While older meme coins such as Shiba Inu and Pepe coin are ERC-20 tokens powered by the Ethereum Chain, newer meme coins like Bonk and new coin ApeMax have opted for newer chains where gas is more affordable, namely Solana and BSC.
Although Bonk launched over a year ago in December 2022 via a free airdrop to the Solana community, it is only recently that this new meme coin has started to gain traction. Bonk's focus is on community, while also having done over 100 integrations with Web3 partners from wallets to NFTs, and gaming. Bonk has also recently been listed on several exchanges and this top meme coin's market cap has just shot up past $1.5 billion, making it the third largest meme token by market cap right behind Shiba Inu and Dogecoin.
Below are some of the top new meme crypto coins right now:
Bonk coin shares some similarities with other meme tokens, while also standing out thanks to some unique attributes. Bonk is somewhat unique in that it is one of the first major Solana powered meme tokens. Most older meme coins have relied on earlier blockchain technologies. Dogecoin for example is loosely based on Bitcoin, while tokens like Shiba Inu and Pepe coin are ERC-20 meaning they are powered by Etheruem. Bonk coin is part of a trend amongst new meme coins which are opting away from Etheruem and towards chains where gas is more affordable. Another new meme coin, ApeMax for example, is powered by the Binance smart chain, allowing for more efficiency and lower gas fees.
However, Bonk coin differs from Dogecoin and Pepe Coin. In a similar way to Shiba Inu, Bonk placed emphasis on its ecosystem and its large number of integrations. Like Shiba Inu with ShibaSwap, Bonk has its own BonkSwap. Like SHIB, BONK has also done integrations with NFTs and other use cases.
According to the latest market data, Bonk coin's price grew by over 1130% over the last 30 days and by over 159% in the last 7 days alone. The Bonk token's market capitalization has also risen sharply, and now exceeds $1.5 billion.
That being said, from its launch in December 2022 to early November 2023, Bonk's growth was relatively slow, compared to the more recent growth spur it has experienced since early November 2023 and throughout early December prior to the new year 2024.
Other tokens that have been gaining popularity over the same time period include the ApeMax presale, which continues to expand daily and with thousands of new holders to date. Moreover, Shiba Inu and Dogecoin have also posted growth figures over the past 14 days, respectively of 14% and 18%.
Bonk Coin currently sits at 3th place amongst the biggest meme coin based on market capitalization, having recently surpassed Pepe Coin and standing under larger Shiba Inu and Dogecoin. However, based on 24 hour traded volume, BONK now ranks second in the meme coin segment behind DOGE alone and above SHIB.
Yes, Bonk is a Meme Coin. This new cryptocurrency is also one of the first major Solana Meme Coins. Launched in December 2022, Bonk coin features a minimal orange and white Shiba Inu style doge mascot within a yellow circle.
Bonk Coin was launched in December 2022 as part of a free airdrop open to the SOL community. Bonk gained widespread popularity in November 2023. Newer meme coins include ApeMax token, the world's first Boost staking crypto coin and a unique new meme token currently in its presale stage.
As Bonk Coin experiences a meteoric rise, its market cap surpasses $1 billion, making it the third-largest meme token after Shiba Inu and Dogecoin. Launched on the Solana blockchain, Bonk focuses on community, boasting over 100 integrations and a BonkSwap platform. Comparing it to ApeMax, another rising meme coin on the Binance Smart Chain, Bonk stands out as one of the first major Solana-powered meme tokens, emphasizing its ecosystem and integrations for growth, leading to a significant surge in market cap and ranking among top meme coins.
When it comes to crypto, it's important to note and understand that all crypto coins, including meme coins and new coins, contain risks and can be susceptible to high levels of volatility. Being cautious and doing independent research are crucial before venturing into crypto space. This article does not offer any financial or crypto advice. For those looking at ApeMax or any crypto coins, it's crucial to verify purchase eligibility rules before making a purchase. Readers can explore the ApeMax website for all details related to restricted and ineligible countries.
