Bonk (BONK) emerges as a playful yet ambitious cryptocurrency riding the wave of Solana-based decentralized exchanges and NFTs. Launched on December 25, 2022, Bonk distributed 50% of its 100 trillion coins through an airdrop to the Solana community, with allocations for the Bonk DAO, team, marketing, liquidity, and early contributors. Embracing over 110 projects within the Solana ecosystem, the coin prides itself as the first Solana dog coin “for the people, by the people.” Join us in this journey as we dive into a simple question: what happens if Bonk hits $1?

Market Performance of BONK

In recent times, Bonk has undergone a rollercoaster ride in the crypto markets. After reaching an all-time high of $0.00003419 on December 15, according to CoinMarketCap, it faced bearish pressure, only to resurge again. With a recent increase from a 7-day low of $0.00000989 to a peak of $0.00001397, representing a 35% surge. It has climbed back into the top 100 cryptocurrencies by market cap.

Despite ongoing fluctuations, its current price stands at $0.00001421, experiencing a 12% increase in value and demonstrating a bullish trend over the last seven days.

Why is BONK Price Rising?

The recent surge in Bonk’s price could be attributed to the potential partnership with Revolut, as BonkDAO eyes a “Learn and Earn Campaign” to onboard 500,000 users leveraging Revolut’s extensive user base of 38 million across 50 countries. With $1.2 million in rewards set to incentivize Revolut users, the campaign awaits final approval. It has received favorable votes from the majority of BonkDAO members.

Speculation surrounding a possible listing on Robinhood further fuels market excitement.

Babe wake up! We’re all bullposting Bonk on the Revolut news and Robinhood rumors!

My heart is so full

Best Valentines ever

— Jecy | AllDomains (@Jecy024) February 14, 2024

What Will My Portfolio Look Like If BONK Crosses $1 Mark?

BONK is a relatively new kid on the cryptocurrency block that has a very low price of $0.00001421 per coin as of today. This means that with a small investment, you can get a huge amount of coins. For example, with $100, you can get about 7 trillion BONK coins. Sounds impressive, right? But what if the price goes up to $1 per coin? How much profit and ROI would you make then? 

Assuming that there are no investment or exit fees, let’s dive into the numbers and explore the potential returns from investing in Bonk with different investment amounts.

If you decide to invest $100 today, you’ll be able to fetch approximately 7,039,544.93 Bonk coins at the current price. Now, let’s fast forward to a scenario where the price skyrockets to $1 per coin. At that point, selling your collection would fetch $7,039,544.93. Calculating the profit by subtracting your initial investment of $100, you’d be looking at a profit of $7,039,444.93. Your return on investment (ROI) would be an eye-popping 7,039,444.93%!

Investment Bank
BONK Coins Acquired
Selling Price at $1
Profit
ROI
$100
7,039,544.93
7,039,544.93
7,039,544.93
7,039,544.93%
$1000
70,395,449.33
70,395,449.33
$70,394,449.33
7,039,444.93% 

 

Now, let’s level up and consider a $1,000 investment. With this amount, you’d be able to acquire approximately 70,395,449.33  coins. If, in the future, the price shoots up to $1 per coin, selling your collection would fetch you a hefty $70,395,449.33. Subtracting your initial investment, you’d be sitting on a handsome profit of $70,394,449.33. And the ROI?  The figure of 7,039,444.93% is mind-blowing.

Regardless of how much you invest, the potential returns from getting into Bonk now and hoping for a jump to $1 per coin are truly remarkable. However, it’s crucial to acknowledge the risks and uncertainties that come with investing in cryptocurrencies before making any decisions. Understand the volatility and potential factors affecting BONK’s price. Conduct research, consider fees, and be aware of tax implications.

Will BONK Cross $1 Mark?

Analysts predict that BONK could reach as high as $0.000202, $0.000094, and $0.001464 in 2024, 2025, and 2030, respectively, while others predict that the coin could drop as low as $0.000010, $0.000070, and $0.000030 in the same years. The average prices and the potential ROIs also vary widely, depending on the source and the methodology.

However, none of the experts and analysists predict that BONK will reach $1 in the foreseeable future. The highest price prediction is $0.001464, which is still far from $1. This means that BONK would need to increase by more than 68,000 times from its current price of $0.00001421 to reach $1. This is a very unlikely and unrealistic scenario, as it would require a massive and sustained growth of the coin, as well as a favorable and stable market environment. 

The post BONK Price : What Will be My Portfolio If BONK Crosses $1? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am