The trading volume of Bonk (BONK) is $2,190,370.68 in the last 24 hours, representing a 3.70% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Bonk (BONK) is $0.000004873759 , which was recorded on Jan 05, 2023 (3 months). Comparatively, the current price is -89.60% lower than the all-time high price. The lowest price paid for Bonk (BONK) is $0.000000086142 , which was recorded on Dec 29, 2022 (3 months). Comparatively, the current price is 490.70% higher than the all-time low price. Market capitalization of Bonk (BONK) is $18,386,749 and is ranked #781 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BONK tokens (36 Trillion tokens are tradable on the market today). The fully diluted valuation (FDV) of Bonk (BONK) is $47,716,131 . This is a statistical representation of the maximum market cap, assuming the maximum number of 94 Trillion BONK tokens are in circulation today. Depending on how the emission schedule of BONK tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 60% of users are feeling good about Bonk (BONK) today.
There are two schools of thought in determining the price of Bonk.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Bonk, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Bonk from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Bonk on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Bonk as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Bonk and the cryptocurrency market as a whole.
2. What is the highest price of Bonk in history?
Bonk achieved the all-time high of ₺0.00009 in 2023-01-05, and is currently trading at ₺0.00001.
3. What is the lowest price of Bonk in history?
In 2022-12-29, Bonk reached the all-time low of ₺0.00000.
4. Should I buy Bonk now?
It is important to remember that Bonk, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.