BONK Price Drops 17%—Is This Newcomer the Next Big Profit Maker?

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BONK Price Drops 17%—Is This Newcomer the Next Big Profit Maker? – Crypto News

Published

1 year ago

January 30, 2025

Dripp

While the global cryptocurrency market rebounds from a recent decline, as the market cap rises by almost 2%, Bonk (BONK), the pioneering dog-themed coin on the Solana blockchain, has experienced a notable price decrease. As of January 29, 2025, BONK is priced at $0.00002531, reflecting a drop of 17.60% in the last week.

This drop follows BONK hitting its peak of $0.00005916 on November 20, 2024, prior to a pullback of 57.21%. As the meme coin faces a significant drop, Nebula Stride (NST), a new player concentrating on tokenizing real-world assets, is attracting attention as a possible profit generator.

BONK Price: Market performance

Despite recording nearly 17% and 14% in losses, over the past week and month respectively, BONK’s price has experienced substantial growth. Launched on December 25, 2022, under the motto “for the people, by the people,” BONK sought to restore liquidity to decentralized exchanges (DEXs) based on Solana.

Fifty trillion coins, representing half of its total supply, were airdropped to the Solana community, which included NFT creators, developers, and artists, to promote a community-focused ecosystem.

This effort not only increased the SOL token’s price by 34% within 48 hours of its launch, but also led to BONK’s trading volume skyrocketing to around $20 million on Orca, a DEX based on Solana.

Since being listed on major exchanges on December 30, 2022, BONK has witnessed an astounding increase of more than 20,000%. This positrioned it as one of the best meme coins to invest, based on return percentages for 2023.

Is BONK Price Bullish Reversal on the Horizon?

Despite this recent downturn, BONK continues to engage its communit. With over 350 onchain integrations, it has recently concluded its “Year of The BONKdragon” event. Rewards from this event will be claimable from February 4th to February 18th, 2025, potentially benefiting all BONK holders.

Moreover, technical analysis from market observers like @TheEuroSniper suggests a potential price reversal as the top dog-themed meme coin approaches a significant demand zone following a treble drive pattern, hinting at a possible bullish future.

Looking for this on $BONK 🎯

Treble drive into weekly demand! pic.twitter.com/iA7iqMHiW9

— €ｕｒｏＳｎｉｐｅｒ (@TheEuroSniper) January 29, 2025

Nebula Stride (NST): The New Contender

In the midst of BONK price fluctuations, another digital currency, Nebula Stride (NST), is attracting investor interest. NST is establishing its presence as one of top RWA tokens, by prioritizing user-friendly infrastructure that links the cryptocurrency domain with tangible economic assets.

By facilitating fractional ownership of physical assets, NST expands a multi-trillion-dollar market to a wider audience. This was once available solely to the affluent. This real-world asset (RWA) strategy might result in notable price increases. It might also help increase adoption, establishing NST as a likely front-runner in the sector.

NST is currently trading at $0.02. Analysts are suggesting high potential returns as the platform expands and the concept of tokenization gains momentum. The token offers a low entry barrier, making it attractive as an early-stage cryptocurrency for both institutional funds and individual investors. It is appealing to those interested in diversifying into tangible assets supported by a comprehensive ecosystem in the RWA sector.

Final Thoughts: BONK vs NST as Two Diverging Paths in the Evolving Crypto Market

As the crypto market continues to evolve, the contrast between BONK’s community-driven meme coin approach and NST’s focus on real-world asset integration presents two different visions for the future of digital currencies. While BONK price navigates through correction, NST comes in the limelight. NST’s innovative model might indeed make it the next big profit maker in the cryptocurrency landscape. Investors are watching closely as both tokens navigate their respective paths in this dynamic market.