Cryptocurrency analysts have identified a little-known token that will grow 10 times

Cryptocurrency experts have drawn attention to the little-known BONK meme token developed on the basis of the Solana ecosystem. The digital asset, which imitates the Shiba Inu (SHIB) and Dogecoin (DOGE) tokens, grew by 1290% in just 30 days. According to analysts, Bonk’s development is just beginning.

According to Finbold, Bonk could turn into the main meme coin of the current rally with the potential to grow in value by another 2000% or more by the end of the year. «Considering that Bonk is far from being as popular or well-known as Dogecoin, Floki Inu, or Pepe, its growth is even more impressive ,» the analysts emphasized.

As of the time of writing, on November 23, according to the analytical tracker CoinMarketCap, the market capitalization of the digital asset is $ 264.3 million, and traders have made daily trading deals worth $ 78.1 million.

It is worth noting that BONK debuted in December amid a difficult phase for the Solana community, overshadowed by the collapse of the FTX cryptocurrency exchange, which maintained close ties with Anatoly Yakovenko’s blockchain.

This year, in January, BONK became the most popular cryptocurrency, recording an almost 25-fold jump in price. Investors appreciated this and actively bought the virtual coin.