December 2023

Stock I'm watching this month:-

BONK - BONK Coin

Sector: Crypto
Market Cap:  846 Mil 
Price/Earnings: N/A
Price/Book: N/A
Return On Equity: N/A 
Return On Assets: N/A
Debt/Equity: N/A

Reasons to watch: BONK is the first and most successful memecoin on Solana. Memecoins did pretty well in the Ethereum chain such as DOGE coin and SHIB coin. They don't have a use case but usually have a strong community of holders. I wanted to trade BONK just to have a trial of the Jupiter DEX (decentralized Exchange). 

Risk: Cryptocurrencies are a speculative asset. Memecoins especially one as new as BONK are prone to rugging. 

Sentiment: Hold
Disclosure: Held
Current Price: 0.00002138 AUD
My Strike Price:  0.00002385 AUD (Morningstar Fair Value: N/A)   
My Stop Loss: 0.00002027 AUD


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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