Solana-based Memecoin Bonk (Bonk), has grown by greater than 160% since final month. Memecoin has made vital income over the previous few weeks, surpassing many high initiatives. In line with Bonk Statistics at Coingecko, its costs have risen by 0.6% on the every day chart, 3.2% on the weekly chart, 31.3% on the 14-day chart, and 25.8% since July 2024. Let's focus on whether or not Solana-based Bonks can at all times attain their highest in August 2025.
Will Bonk attain a brand new peak in August 2025?
Memokine is affected by a considerable amount of volatility. Their costs fluctuate relying on the subject and recognition on-line. Given their instability, it’s unclear whether or not Bonk's gathering will stay in place for the following few days. MemeCoin is at present down 40.6% from its all-time excessive of 0.00005825. If Solana-based Bonk Coin can proceed its upward momentum, it might attain a brand new peak in August 2025.
CONCODEX BONK analysts don’t consider Solana-based Memecoin will be capable of keep the rally. The platform expects Bonk to face an enormous repair early subsequent month. Cincodex forecasts that Memecoin priced at $0.00002416 on August 7, 2025. A drop from the present worth stage to $0.00002416 requires a correction of about 31.32%.
So as to add to Coincodex's bearish outlook, it’s seemingly that traders are trying ahead to the upcoming Federal Open Market Committee (FOMC) assembly. It is rather unlikely that the Federal Reserve will lower rates of interest this month. Fee cuts might have boosted traders' confidence by placing cash into dangerous belongings. MemeCoins is among the most harmful belongings available on the market. If the Federal Reserve doesn’t lower rates of interest, Bonk and different Memecoins might face an enormous dip.
In the meantime, the crypto market has remained steady for the previous few months with out rate of interest cuts. If Bitcoin (BTC) continues its rise, different belongings can comply with their trajectory. Bonk can keep the rally if Solana (Sol) follows the BTC's move. How the market will unfold over the following few days will decide Bonk's future.
(TagStoTRASSLATE)BONK(T)SOLANA
