The post We Asked ChatGPT if BONK Can Replicate Shiba Inu’s Previous Bull Run appeared on BitcoinEthereumNews.com.

TL;DR BONK’s Rapid Growth: Bonk Inu (BONK) has surged by 1,100% in the last 30 days, drawing comparisons to Shiba Inu’s (SHIB) 2021 bull run, but its ability to sustain this growth is uncertain and depends on varying market conditions. Community and Market Dynamics’ Role: BONK’s continued success may hinge on building a robust community and navigating market trends and investor psychology, similar to SHIB’s approach. External Influences and Solana Connection: BONK’s trajectory could be influenced by factors like media attention and the performance of Solana (SOL), the platform it’s built on, which has also been experiencing significant growth. Can BONK Become the Next SHIB? The memecoin Bonk Inu (BONK) has caught the recent green wave in the cryptocurrency market, exploding by a whopping 1,100% in the past 30 days and hitting an all-time high price on December 8. Its rapid surge reminds of that marked by Shiba Inu (SHIB) during the bull run in 2021. As such, it is worth checking whether BONK has the chance to continue its uptrend and replicate its rival’s performance. The AI-powered language model – ChatGPT – estimated that predicting such a rally is “speculative” and depends on various factors, with the market environment being the main one. However, “the conditions that led to Shiba Inu’s bull run may not be the same for Bonk Inu,” ChatGPT alerted. Another element worth observing is community and adoption. ChatGPT outlined that Shiba Inu has numerous supporters, suggesting that BONK should build a similar base to achieve widespread recognition and a possible price rally. Market dynamics is the next in line. The AI language model claimed the success of memecoins is often driven by trends and investor psychology, meaning Bonk Inu could continue its uptrend should it keep attention toward itself.  Media coverage, endorsement by influential figures,…

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Filed under: News - @ December 9, 2023 9:22 am