While these methods might vary in availability across different platforms, here are some common ways investors can expect to acquire BONK tokens. As mentioned previously, BONK was initially introduced through an airdrop to many ecosystem participants before its official launch in the market. However, unlike many of its counterparts, the token did not follow cryptocurrency payment gateway for merchants a typical price trajectory characterized by sharp rises followed by significant plunges that persist for several years. At present, the project boasts an impressive community base, with over 649,000 holders and more than 100 integrations across various Web3 projects, extending its support to 10 different blockchain networks. Just a day later, on Dec. 15, leading crypto exchange Binance announced that they will list Bonk with the “Seed Tag” and open up trading for BONK on Dec. 16 at 8am UTC.
Serving over 200 countries and accommodating more than 6 million users, the exchange stands as a reliable option for purchasing BONK. BONK—a memecoin on the Solana blockchain—is one of the newest and hottest crypto tokens. It stores private keys on a physical device, so crypto can only be accessed if the device is present. Ledger wallets support the sending and receiving of Solana assets, including BONK. The first step to purchasing BONK is to open an account on a crypto trading platform.
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Trading began on December 30, 2022, arousing genuine interest from the crypto community. Many speculators see future growth for BONK driven by its unique blend of social media popularity and utility, ongoing development, and the potential of market factors like April 2024’s Bitcoin halving. Still, meme coins are highly volatile, and BONK’s price could fall due to macroeconomic conditions, competition, or a number of other factors.
It’s how to buy metaverse crypto also available on Gate.io, Poloniex, Orca, LBank, BKEX, CoinEx, BitMart, Bitrue, DigiFinex, XT.COM, BingX. If you are a beginner, we recommend that you check out our guide on how to buy cryptocurrency safely. This guide aims to explore how to buy BONK, where to acquire it, and its potential price for those keen on investing.
Bonk follows the tried-and-tested formula of launching a hyped meme coin on the back of a strong community pledge. CoinMarketCap Academy takes a deep dive into Bonk, which claims to be the first Solana dog memecoin “for the people by the people.” These risks are substantial, and traders in cryptocurrency must be prepared to lose their entire investment. As a memecoin, Bonk has benefited tremendously from social media such as TikTok, which has helped drive interest in the coin and contributed to the rapid growth during its short existence. Bonk has a maximum supply of 93 trillion coins, and more than 68 trillion have already been created, according to CoinMarketCap.
For 2023 it was the best performing crypto asset based on return percentages. Founded in 2018, this exchange has swiftly become a primary hub for enthusiasts interested in both popular and lesser-known meme coins. Headquartered in Seychelles, MEXC exchange holds official licenses for representation in countries like the USA, Canada, Switzerland, and Australia. With over 180 trading pairs available, the platform offers a vast array of cryptocurrencies within the DeFi, metaverse, and meme sectors. Bonk likely does not much value for the end user in comparison to other projects. However, other meme coins have been in similar situations and still seen drastic price increases.
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Despite being a relatively newer memecoin, this crypto, built on Solana, has experienced significant growth in recent weeks. With two major exchange listings, the dog-themed memecoin surged even further, surpassing Floki and establishing itself as the third-largest “dog-themed” memecoin by market capitalization. Bonk coin is one of the newest of some 20,000 cryptocurrencies in existence, and like almost all coins, its price is not backed by anything more than the sentiment of traders who want to buy and sell it. This setup makes Bonk coin — and most cryptocurrency — a risky investment proposition. However, the market for memecoins is highly speculative and volatile, with prices often driven by “clout” rather than an underlying technology or utility.
A massive portion of its initial supply was distributed for free to the Solana community, helping generate support and enthusiasm for the project. Over time, numerous cryptocurrencies with meme-inspired branding and themes started to surface, often capitalizing on internet trends and social media hype. In this article, we’ll give you a quick overview of BONK’s origin story and how you can buy, sell, and trade the memecoin.
- You can use more than 20 fiat currencies like EUR, USD, and GBP to buy BONK and other popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE).
- Still, some centralized or decentralized exchanges might offer the option to buy the token using these cards, making it worth exploring while considering adding the token to your portfolio.
- If you’d like a friendly multichain wallet for crypto, NFTs, and DeFi, try us out.
- The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price.
Bonk is a meme coin launched on the Solana blockchain that features a Shiba Inu emblem similar to popular dog-themed coins like Dogecoin (DOGE), Shiba Inu (SHIB), and others. Distributed as a gift to members of the Solana community on 25 December 2022, BONK has unique tokenomics and a strong foothold in meme culture, benefiting from a vibrant community and savvy viral marketing. The Bonk (BONK) meme coin is one of the largest by market capitalisation. BONK has swiftly risen to prominence as a top meme coin within the cryptocurrency realm, despite being just about a year old. This recognition positions it well to further solidify its presence in the crypto space, potentially paving the way for collaborations and partnerships with other projects. These associations could contribute to increased exposure, expanding engagement, growing the community size, and ultimately augmenting its value.
Trading Pairs – Cryptocurrency:
Bonk’s project roadmap includes plans for further integration within the Solana ecosystem, adding bitcoin mining explained 2020 new functionalities to BonkSwap and BonkDex, and establishing more strategic partnerships. These developments aim to not only enhance Bonk’s utility but also solidify its position as a staple in the crypto market. Read about Shiba Inu (SHIB) and Dogecoin (DOGE) – the most well-known memecoins.
With a verified Coinbase account, you can connect your bank account and fund it. On the BONK page, you can select the “Buy” button and enter the amount of BONK you want to purchase. Coinbase wallet is a great option for those looking for more security but do not want the hassle of a physical device. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown.
Is BONK a Good Investment?
And BONK has shown tremendous success in rallying a dedicated community behind its lighthearted ambition to be the #1 community coin in Web3. Calling itself “the dog coin of the people,” Bonk coin is a dog-themed cryptocurrency based on the cryptocurrency Solana. Bonk launched on Christmas Day 2022, and is a prototypical memecoin, a cryptocurrency that surges due to social media hype and promotion. The coin now ranks among the 100 largest cryptocurrencies by total value, according to CoinMarketCap.
Simultaneously, the Pro version presents more advanced trading features catering to experienced users. Operating as a completely remote company without physical offices, Coinbase serves over 100 countries and hosts more than 250 major crypto assets. Originally based in the U.S., Coinbase functions as a crypto trading and investment platform, allowing users to easily buy, sell, exchange, and securely store cryptocurrencies. Binance employs a tiered fee system, ranging from regular users to VIP 9, wherein fees decrease based on the deposited amount and trading volume on the exchange. Regular users encounter a 0.10% maker-taker fee, while BTC and ETH investors trading in the spot market currently enjoy fee-free transactions. The cryptocurrency market’s recent signs of growth has refocused investors’ attention on projects like BONK.
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