Sonik Coin (SONIK) is a new meme coin inspired by the hit SEGA franchise and has already rolled out the added utility of high APY staking, catching the attention of some of the largest influencers in the crypto space for that reason. In this guide we review how to buy Sonik Coin via the official website with a crypto wallet, and a background of the meme crypto project. The Sonik presale ends on September 5th, 2023 or sooner if its hard cap is hit first – $2.09 million. How to Buy Sonik Coin on Presale – Quick Guide Sonik Coin is currently available on presale in which it has already raised more than $400k. Here are the steps to become an early move before the presale concludes: Go To the Official Website – Go to sonikcoin.com, the official website of the project and take a look at the project’s fundamentals. Connect your Wallet – Click on the “Connect Wallet” button and pick between one of the listed wallets available. Make sure that you have USDT or ETH to buy SONIK with and cover gas fees. Buy Sonik Coin – Once the wallet is connected, swap your ETH/USDT for Sonik Coins. When the presale concludes, you will be able to claim your tokens. Optionally, investors can choose to stake their tokens if they wish under the ‘Staking’ section in the menu. Visit the Sonik Coin Site What is Sonik Coin? The bearish turn that the crypto market has taken this year has turned people towards short-term meme coins in hopes of making parabolic returns. That predisposition caused the rise of the meme coin mania, during which PEPE, Turbo, Wojak, and other assets with little to no utilities made massive parabolic gains within a short amount of time. In a similar vein, Sonik Coin is a meme coin that aims to ride the wave of the current interest in meme coin to become the fastest token to reach a $100 million market capitalization. Helping with this is its inspiration: Sonic the Hedgehog, the titular character of the Sonic Game series and one of the fastest fictional characters in the world. From its onset, Sonik takes a joke-ish approach to Sonic the Hedgehog, creating its own spoof character Sonik the Hedgehog. With its lazy-eyed look complete with aesthetics that resemble lazy drawing, Sonik Coin is a meme coin project that clearly states that it seeks to create a community in which members can make the fastest gains in the minimum time. In addition to its community-centric attributes, which can mobilize the token to push it higher, Sonik Coin also features a “Stake-2-Speed” utility. This method to earn interest on crypto involves holding the tokens to earn a lucrative APY. The project has dedicated 40% of the total supply of the token to this utility and is planning to distribute the tokens to stakers over the course of four years. On its official website, the estimated APY is set to be 246%, with the current rewards per simulated block being 9125 tokens. Sonik is not among the first meme coin to have taken inspiration from a popular franchise, but it is the first to bring a staking utility. Also, even though it hasn’t been stated in the official roadmap directly, a case could be made that the popularity of this project could evolve a new use case involving Sonik NFTs in the future. For now, it is purely a speculative asset that also offers staking, but one that experts like Crypto Gains say can potentially 20x following its launch. Similar tokens have made even higher gains – for example HarryPotterObamaSonic10Inu hit a $200 million market cap earlier this month, 97 days after its listing. How to Buy Sonik Coin – Complete Guide Sonik Coin is currently priced at of $0.000014 per token, and the presale has one single price round to ensure a fair launch – alongside no vesting. Below we take a closer look at how to buy $SONIK: Step 1 – Go To the Official Website Go to the official website of Sonik Coin: sonikcoin.com. Be mindful of impersonators, as many have emerged after Sonik Coin began to go viral across social media. Step 2 – Connect your Wallet Click on the “Connect Wallet” button to connect your wallet. Make sure that you have the USDT or ETH needed to buy Sonik Coins. If you don’t, pick any cryptocurrency exchange, such as Binance and buy one of these cryptos. Step 3 – Buy Sonik Coin Enter the number of $SONIK tokens you want to buy after selecting the token you want to swap it for. Click on the “Buy” button to complete the purchase. The website will reserve your SONIK tokens under your wallet address. Claim your holdings once the presale concludes. Buy Sonik Coin Sonik Coin Project Analysis Sonik Coin is following the same path set forth by other meme coin presales that we have covered this year. It is using social media platforms to entice the community to fuel its value during the presale. It is likely that it will use this interest to fuel its price once it reaches cryptocurrency exchanges after the presale’s conclusion. The creators of Sonik Coin state that the goal of this project is to reach a $100 million market capitalization. If it reaches that value once the presale concludes, early movers can make gains up to 25x of their original investment. In order to get there, however, it has to focus on every social aspect available. One of the biggest issues with thematic meme coins is that if they are niche-based, they alienate many investors. Sonik the Hedgehog, however, has a wider niche, as it is inspired by Sonic the Hedgehog, one of the leading gaming franchises. Considering that 55% of millennial gamers own crypto assets, according to data on triple-a.io, Sonik Coin can potentially cast a wide net to attain more investors. Another positive aspect of Sonik Coin is its utility. The project’s use case goes beyond the community aspect. While it is trying to create a community that can come together to mobilize the $SONIK price, it is also offering a staking utility. Through an additional passive income stream, Sonik Coin has a long-term utility not common with meme coins. These factors have led many experts like No BS Crypto to peg $SONIK as one one of the cryptos that could generate the highest returns in 2023. Sonik Coin Tokenomics Staying true to the character of Sonic, Sonik Coin’s total supply of 299,792,458,000, which is equivalent to the speed of light. 50% of the total supply has been dedicated to the presale, 40% is for staking, and 10% is for liquidity when it goes live on cryptocurrency exchanges. $SONIK will be a low-cap crypto at launch, with an FDV of just over $4 million and a significant part of the supply locked in staking. Is Sonik Coin a Good Investment? Sonik Coin is giving people a media-based meme coin that is taking inspiration from Sonic the Hedgehog and creating an ecosystem that focuses on community and also offers a unique staking utility. Here are the reasons why Sonik Coin is a good investment. It is Currently Available as a Presale One of the primary reasons to invest in this token is that it is available as a presale. Many crypto presales have been released since 2022, and all of them have made parabolic gains after going live on exchanges. Sonik Coin has shown, with the level of interest that the community has in it, that it can potentially pump once it lists on CEXs and DEXs. Therefore, investing in this token super early, when the momentum has just started to build, is a good play. According to Crypto ZEUS, this aspect can push this token to become the next PEPE. Also, check out our list of best crypto presales. It is Based on a Popular Character One of the sure ways to create initial interest for a meme coin is to have it based on a popular character. Sonik, with its Sonic inspiration, has already got his aspect down. By leveraging the appeal of speed found in Sonic the Hedgehog, Sonik has been able to craft a unique ecosystem that will likely generate interest from outside the crypto space. Combine that with the fact that it is a presale meme coin available at an affordable price, and you have access to an asset with that can receive immense engagement from the community. Furthermore, there is news that a third movie in the Sonik the Hedgehog franchise is in development. Interest in that movie can potentially funnel into Sonik Coin, fueling its price. Being Covered by Major Crypto Influencers From Crypto Zeus and Crypto Gains to no BS Crypto and Michael Wrubel, multiple popular crypto YouTubers have been covering this cryptocurrency project. These followers have a combined follower count of 500k. Michael Wrubel alone has over 310k subscribers on YouTube. These influencers have said positive things about $SONIK, which can motivate their followers to invest or buy on launch day if they miss the time-limited presale. Also see our own coverage on the InsideBitcoins YouTube channel: Offers Staking Utility Most meme coins are ok with being only meme coins. While there is nothing wrong with that, and those assets have made parabolic gains in a short time, meme coins can elevate their value if they have long-term benefits. With Sonik Coin, users will get access to “stake-2-speed”, a unique staking program that will reward lucrative APY to those who stake their $SONIK tokens for seven days. According to the official website, tokens that have been reserved for staking will be given to distributed over the course of four years. That gives Sonik Coin a long-term utility, making it a worthy investment. At the time of writing close to 15,000,000,000 $SONIK have already been staked – 10% of the circulating supply at launch, with 12 days remaining in the presale at the time of writing for holders to elect to stake their tokens. Timing of the Release of this Project Sonik Coin is releasing in a year where meme coins have been gaining steam. Even little-known projects launched for a limited time on DEXTools are getting a lot of traction and making gains for those who buy early. Sonik Coin Roadmap Sonik Coin has opted for a simple, no non-sense roadmap which covers all the achievable milestones. Stage 1 Stage 1 of this project went into developing the staking protocol and the token and creating the Sonik meme to generate interest on social media sites. The token has gone live at this stage. Stage 2 The second stage will mark the end of the presale. The token will go live on the exchanges at the very same date and time. Also, a new marketing campaign will be deployed at this stage. Stage 3 Stage 3 will focus exclusively on the community and make it stronger so that the Sonik Price can be mobilized. Staking rewards will be introduced during this stage, and efforts will be made to make Sonik Coin reach a $100 million market capitalization. Sonik Coin Price Prediction Since the project has only started its presale, we can’t use traditional fundamentals to forecast its price. However, within a week of being launched as a presale, Sonik Coin has raised more than $400k, which shows the high level of interest this token is receiving. Combine these attributes with the fact that similar tokens that were released this year went on to make high gains, such as $BITCOIN and $PEPE, Sonik Coin could have high growth potential in 2023. Furthermore, it is possible that more investors will take advantage of the high APY staking post-launch for passive income. These factors give us a bullish outlook on Sonik, which we estimate could reach $0.00006 by the end of 2023. Conclusion Sonik Coin has a similar theme and art style to other successful meme coins in recent months, and added staking utility. With a globally recognisable meme and major crypto influencers talking about it, it could be one to watch. The Sonik presale was also recently featured on Cointelegraph, a leading crypto news site. Visit the Sonik Coin Site FAQs What is Sonik Coin? Sonik Coin is a presale token inspired by Sonic the Hedgehog. While it bears to affiliation with the original character, Sonik Coin aims to become the fastest meme coin to reach a $100 million market capitalization after the conclusion of its presale. Is Sonik Coin legit? Sonik Coin is a meme coin with a staking utility as an add-on. It doesn't feign any long-term fundamentals and clearly states that it seeks to create a community of investors. Considering these points, we can say that Sonik Coin is legit.