Bonk meme coin is the first meme coin based on solana cryptocurrency and a dog -theme its trading symbol is (BONK), which is also known as Dogememe Coin (DOGE) and Shiba Inu Meme Coin (SHIBA) , and bonk coin launch date is December 25 in 2022. The bank's market cap is $1.15 billion, its main function is to maintain the flexibility and liquidity of Solan's decentralized exchange(DEXs).
It was supposed to create a full-fledged community coin from the developer help that will be available for all dApps built on Solana.So that all users will get a chance to become a part of its ecosystem and where everything will be fair for everyone.
Bonk is a meme coin based on the Solana which uses the advanced technology of blockchain. And it also records history with the help of Proof-of-History consensus (PoH) mechanism, which makes blockchain work quickly and effectively.
More than 50% of the total supply of Bonk coin is distributed to Solana users including artists, creators, and active community members. The remaining remains are distributed among all the things.
Total Supply: Nearly 100 trillion coins
Because bonk coin is based on Solana blockchain technology, bonk meme coin relies on a combination of Proof-of-History (PoH) and Proof-of-Stake consensus mechanisms, which improves scalability and throughput.
Solana is a layer 1 blockchain, it is the fastest network due to its speed and throughput. The network of 200 distinct nodes can process 50,000 transactions per second(TPS).
Bonk: The Bonk meme coin is the first dog-themed coin based on Solana, it's a meme coin like Shiba Inu and Dogecoin.And it is a unique coin because half of its total supply (50 trillion) coin goes to developers and blockchain maintenance.
Pepe: Pepe is a meme coin based on the Ethereum blockchain. And it is known by the name Pepe the Frog on the internet which is a funny meme coin. Bank meme coin prediction is that its price will be $0.000027 in 2024 and its price will increase to $0.000090 by 2027. It became very popular in the year 2000 and follows the Proof-to-Stake (PoSS) consensus mechanism.
Dogecoin: Dogecoin (DOGE) is a peer-to-peer, open source cryptocurrency whose logo is based on a Shiba Inu and is a very popular meme coin currency across the world. The total supply of doge is currently 145.63 billion and this is different from Bitcoin's proof-of-work consensus mechanism, one of which is using script technology.
Since 2023, Bonk meme coin can be traded on platforms like Houbi, MEXC, Bybit, and Bitget, and now it is also available on platforms like Gate.io, Poloniex, Orca.
Bonk Meme Coin prediction is that its price will be $0.000027 in 2024 and by the coming year 2027 its price will increase to $0.000090.
There are many risks in investing in Bonk Meme Coin, one of which is high volatility and speculative price movement. Although Bonk Coin's innovative features and strong community provide the potential for growth, still do research thoroughly before investing.