Memecoins like PEPE, Bonk, Floki etc. have been performing extremely well over the last few months. Their usecase is debatable, but does that really matter when a token rises 1,000%?
Where most memecoins have already seen a massive upwards move, HONK has seemingly just started after it rose over 150% over the last two days.
With a marketcap of around 5 million, this token can see some very decent upside if more investors start looking at it. Seeing that Bonk has a 3B marketcap, I don't see why Honk couldn't get to 1B at least.
A 20x is far-fetched, but we all know that everything is possible in bullish conditions. Seeing this signals' risk-reward is over 35, a small investment (with an even smaller loss) can result in a potentially massive gain.
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