Memecoins are back on the rise as cryptocurrency markets recover from their recent plunge. The Solana-based crypto-asset BONK has the highest performance amongst the 100 top projects. The cryptocurrency based on dogs has gained over 30% since the last day, 81% weekly, 14,4% from the month before, and 3841.8% in total.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Solana-Based-BONK-Rallies-81-Can-It-Hit-0001-Next.jpg)
Also Read: Solana (SOL) Signals Surge to $170; How High can it go in 2024?
Other memecoins such as PEPE Floki dogwifhat and other are currently among the top performing cryptocurrencies on the market. BONK’s recent rally may be attributed to a plan to burn 280 million tokens of the current supply. Reduced supply can be considered a bullish move as this may increase demand. When the fires happen, investors may expect a rally.
What is the Solana-based Memecoin’s expected value?
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/1710210072_572_Solana-SOL-Hits-2-Year-High-As-BONK-WIF-Volume-Surges.jpg)
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/1710210072_572_Solana-SOL-Hits-2-Year-High-As-BONK-WIF-Volume-Surges.jpg)
CoinCodex says that BONK is expected to continue its upward trend in May. According to the platform, BONK is expected to reach $0.00004709 as a record high on May 9th 2024. A growth of 77.36% would be achieved by hitting $0.00004709 at current levels. CoinCodex also predicts BONK’s eventual price of $0.00009059 to be $0.00009059 in May 2024. From current levels, reaching $0.00009059 would represent a gain of 241.2%.
Also Read: Solana Price Prediction For May: How Close Is SOL To $300?
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Solana-Based-BONK-Rallies-81-Can-It-Hit-0001-Next.png)
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Solana-Based-BONK-Rallies-81-Can-It-Hit-0001-Next.png)
It is possible that the Solana-based Memecoin will reach $0.0001 by deleting a zero. It may take some time to reach $0.001.
Telegaon says that BONK may reach $0.001 in the 2029. The price could then go up to $0.00117.
Changelly on the other side is more negative on BONK. Platform does not anticipate that the Solana memecoin will breach the $0.001 mark before 2040. Changelly predicts that BONK will reach $0.00190 by January 2040, or 16 years.
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Source: watcher.guru