Can the BONK Price, which has skyrocketed over 100 percent in the last 24 hours, really reach $1?

$BONK has skyrocketed, rising over 100% in the last 24 hours. Here is the reason for this rise.

BONK, the most trending meme coin on the market, has experienced a significant 116% increase in its market value in the last 24 hours, and this seems to be mainly due to its listing on Coinbase.

According to CoinMarketCap data, meme coin, which was previously ranked 69th, rose to 43rd place with its latest upward move.

Another factor contributing to the token's remarkable price performance is the ongoing frenzy surrounding meme coins. Notable assets of this nature, such as#Dogecoin($DOGE) and#ShibaInu ($SHIB), have shown positive monthly gains, although not as significant as those observed in the meme coin.

Finally, the success of the meme coin can be attributed to its relationship with#Solana($SOL). Solana has emerged as one of the best-performing coins on the market this year, recording a significant price increase of 650% since January 1. However, many experts in the market warned about the possible change in sentiment and warned not to get caught up in FOMO.