A massive portion of its initial supply was distributed for free to the Solana community, helping generate support and enthusiasm for the project. A popular method used in the crypto community to do this is to fund an account with Tether (USDT) via P2P trading. Then, you can convert USDT into Bonk (BONK) when you have done the necessary due diligence and analysis. More and more people are wondering how to buy Bonk (BONK) as it gains more traction and popularity in the crypto market. If you already own cryptocurrency and wish to exchange it for BONK, go to your Wallet and select Fiat and Spot.

Next, follow the prompts to is it too late to invest in bitcoin 2020 upload clear images of your ID (passport, ID card, or driver’s license). After logging into Binance, go to the User Center and find the “Identification” section. If you’re new, start the verification process by clicking “Get Verified” on the homepage.

Create Your Free Token Metrics Account

Bonk uses a “burning” mechanism that reduces its supply over time, with a portion of each transaction fee permanently destroyed. This approach helps to keep the supply in check and induces some deflation to prop up the coin’s price. Bonk has a maximum supply of 93 trillion coins, and more than 68 trillion have already been created, according to CoinMarketCap.

What is a cryptocurrency calculator?

That kind of scenario doesn't normally happen in the crypto world, although sometimes the market seems rather illogical. It is fairly strange that a coin that is merely about a picture of a dog can be worth more in total than coins that have significant value to developers or users. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site.

• Here you can read and comment on all posts made by Strategists about Bonk BONK.
• The order remains open until the asset reaches the specified price, or until the order is canceled by the investor.
• Once your crypto is deposited into your Binance wallet, go to Trade and select Spot to continue.
• Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.

About the United States Dollar (USD)

Very nice of them that in their white, or , BONK paper, they also talk about the risk if you buy this coin. Anycoin Direct is active since 2013, making it one of the oldest crypto brokers in the Netherlands. Anycoin has an official registration with the DNB and is the official crypto partner of Heroes Den Bosch. Anycoin Direct is officially registered with De Nederlandsche Bank and the Austrian FMA. In addition, we always implement the latest security protocols. The SEC will re-examine Bitcoin spot ETF applications_ Bitcoin may rise to $80,000 in 2024 and BONK rose by over 75% in 24 hours, continuing to reach a new historical high.

The token was introduced to the market through a significant airdrop event on Christmas Day, 2022, targeted at the Solana community, particularly NFT enthusiasts and DeFi traders. Essentially, BONK is Solana’s version of how to add card to wallet the popular dog-themed cryptocurrency Dogecoin, from the Ethereum network. It was created to reward active users and revitalize the Solana ecosystem through the BONK airdrop/airdrops and community engagement. Most meme coins operate on the Ethereum chain as ERC-20 tokens.

The second-largest crypto, Ethereum, made a similar move in 2021, when it began burning transaction fees on its network. Just a couple of dollars are enough to buy Bonk, with the exact dollar amount depending best free vpn software for windows 10 pc on the cryptocurrency exchange you want to use. However, the smaller the amount invested, the smaller the potential upside – and by extension, the lower the risk.

Other crypto price predictions

Since they don't really like cats there either, they just made it a dog meme coin. This dog looks suspiciously like yet another Shiba Inu dog, although BONK does have three exclamation points hanging above it. So you can enter a token address and then this bot instantaneously buys this coin automatically. Through the bot you can get commissions for referrals, namely 30% in the 1st month, 20% in the 2nd and 10% forever. This also includes a PNL (profit and loss) feature and all kinds of tools to help you. 100% of fees go to buying $BONK and 10% of all fees burn $BONK immediately.

He also sees ongoing giveaways and promotions as a way to attract new users and investors. He also sees the use cases for the token directly benefiting those who use the Solana chain. Over time, numerous cryptocurrencies with meme-inspired branding and themes started to surface, often capitalizing on internet trends and social media hype.

Additionally, limit orders may take longer to execute than market orders, as the order will only be executed at the specified price or better. In some cases, limit orders can lead to missed investment opportunities, especially if the limit is poorly defined by the investor. When placing a limit order, the investor specifies the price they are willing to pay or receive for the particular cryptocurrency. The order remains open until the asset reaches the specified price, or until the order is canceled by the investor. Choose the right trading pair – crypto or fiat – depending on the deposit method you’ve chosen. Instead, you should try to diversify your investments and put yourself into a position where a single project failing doesn't erase your entire portfolio.