Crypto veteran Kyle Chassé shared his meme-inspired insights into the evolving landscape of cryptocurrencies. Chassé, known for his deep understanding of the digital currency space, highlighted the important role of meme coins in attracting newcomers to the cryptocurrency sector.
Chassé compared the current excitement surrounding meme coins to past enthusiasm surrounding the phenomenon of Dogecoin (DOGE), Shiba Inu (SHIB), and the early Pepe (PEPE). He emphasized that these events play a pivotal role in promoting widespread adoption of cryptocurrencies by leveraging meme-driven tactics.
BONK’s meteoric rise
The conversation then shifted to BONK, a meme-themed cryptocurrency developed on the Solana blockchain. Even amid widespread market downturns, BONK has made waves with its remarkable growth, with gains of over 703.97% in the past 30 days and an impressive 13,623.88% in 90 days. This surge puts BONK in the 50th place among well-known cryptocurrency projects.
BONK Forecast 2024
Chassé made a bold statement about the future of BONK, saying, “Memes are driving adoption in this cycle and bringing norms to the cryptocurrency space. “I think BONK will turn the Shiba Inu around.”
He highlighted BONK’s strategic moves, which include an airdrop of 30 million BONK tokens, accessible only through the Bonk app through the Saga phone app store. This move created a significant arbitrage opportunity as the value of the airdrop exceeded the price of the Saga phone itself.
BONK has been listed on major exchanges such as Binance and Coinbase, increasing its visibility and reputation in the cryptocurrency market. Investors received significant returns, with one notable investor recording a profit of $784,000. BONK’s recent trading volume ranked 44th in market capitalization, surpassing Shiba Inu and Dogecoin.