2024 has so far been the year that memecoins have been the biggest gainers and PONKE has emerged as one of the most promising coins in the category. It therefore warrants exploring PONKE price prediction and other key highlights that may help you decide if this memecoin is destined for the big leagues.
But before we get into PONKE price prediction, let’s take a look at some of the key details including its significance in the segment. It is a Solana-based memecoin that made its debut in December 2023. However, it has quickly grown into one of the popular memecoins so far this year and this is not by chance.
Some of the reasons for PONKE’s growth include its strong community base, robust presence on socials backed by hilarious memes, and a lot of attention from crypto influencers. So why is a PONKE price prediction relevant now?
PONKE current market overview
One of the most notable characteristics of PONKE is its impressive performance in its first few months of existence. The memecoin was launched in December but it had already achieved 7,000% plus gains in its first 7 months of existence. A clear indication of robust demand for the memecoin.
It also helped that Solana memecoins were all the rage especially in the first half of 2024, and this may have provided a strong base. PONKE’S first major pullback saw it tank by as much as 70% from its current all-time high in July. The pullback was quite brief since it ended in the first week of September, followed by a strong bullish resurgence.
Even more interesting is that PONKE has been moving almost in a similar pattern to Dogecoin. The latter has been experiencing strong demand which aided in its recent rally.
The similarities between Dogecoin and PONKE confirmed that the memecoin has been experiencing significant liquidity inflows. This will come in handy especially in the PONKE price prediction segment.
PONKE price prediction
PONKE has so far achieved a considerable recovery from its lowest price levels in September. It was up by roughly 153.11% at its press time price point and just 26.75% shy of a new ATH. This performance underscores the resurgence of strong demand after PONKE’s first major retracement. A good sign indicating that it was still an attractive memecoin.
PONKE’s attractiveness also lies in the fact that the memecoin has not yet reached a $1 billion marketcap. In other words, its low marketcap combined with robust demand suggests that there is significant upside potential.
For context, PONKE had a $294.22 million marketcap at the time of writing, with a total supply of 555.54 million coins. The first major prediction is based on price soaring to a $1 billion marketcap. If that happens, then PONKE will reach a $1.8 price tag.
Attaining a $1 billion marketcap would propel PONKE into the list of the top memecoins which only few have achieved so far. This could attract more liquidity and perhaps even send it higher. $1,000 invested into PONKE at its $0.53 press time price tag will be worth $3,600 by the time the memecoin reaches a $1 billion marketcap.
Conclusion
Based on the rate at which this memecoin has been growing, our PONKE price prediction is that it could soar to a $1 billion marketcap as soon as Q1 2025. This is assuming that it will maintain the current bullish trajectory and strong demand that we have observed in 2024.
It is right up there in the list of Solana memecoins that are likely to soar into the big leagues., hence it could benefit from robust liqudity inflows as the market enters another major bullish phase. Note that none of these predictions should be considered as financial advice and this information is for educative purposes only.
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