Will BONK be the Next DOGE, SHIB, or PEPE? Here are Some Interesting Insights!
Release: 2023/12/16 22:04 Reading: 232
The post Will BONK be the Next DOGE, SHIB, or PEPE? Here are Some Interesting Insights! appeared first on Coinpedia Fintech News
Bonk, the Solana doge-themed memecoin, has been making huge rounds in the past few weeks. The price recorded a historic 1000% rise in just a few days, surpassing the previous records of the other memecoins. This has also caused the token to replace Pepe as the third largest memecoin as per the market cap. The token is also recording volume in billions, which indicates massive interest among the market participants.
A similar trend was witnessed before, but let’s understand what led to this meteoric rise.
- Binance did not squander any more time during Shiba Inu & Pepe. The platform listed these tokens, which propelled the price heavily, which was followed by an extended descending consolidation.
- With this, many exchanges also listed the token, like Coinbase, KuCoin, Crypto.com, etc., and many more.
- Investors seem to have caught up with FOMO, as they have previously witnessed with the other popular memecoins.
- BONK’s rise is also intertwined with Solana’s impressive performance in 2023
- The BONK’s impact also goes beyond trading, as Saga phones are flying off the shelves as users chase a 30 million BONK airdrop
- The BONK craze also extends to the Saga Discord server, with newcomers grabbing the phone to qualify for airdrop, turning the phone into a hot commodity
Will the History Repeat? Will the Market Participants Get Detached from BONK?
It has been previously observed that the popular and trending token has attracted more expectations from market participants. Back in 2021, during the bull run, the investors believed more in Dogecoin, which did surge by 10x to 15x but ended up losing all the money. Besides, a similar trend was also seen with SHIB and PEPE, but still, market sentiments remain bullish on these tokens.
These short-term rallies are usually used to generate profit, which is then used to buy back Bitcoin or Ethereum. Therefore, when the BTC rally begins, these memecoins may enter a prolonged consolidation and experience minor pullbacks, as is happening with DOGE, SHIB, & PEPE. Presently, the DOGE price is struggling to rise above $0.1, while SHIB is utilizing all its power to sustain above $0.00001, and PEPE is close to $0.0000015, while their ATHs are around $0.7376, $0.00008845, & $0.000004354, respectively.
Recent news
More>- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
- Dogecoin (DOGE) Bulls Predict a Second Wave to Break $2, But One 'DOGE Killer' Could Steal the Spotlight with a 34x Run 11-23
- Trump’s Revolution Solana Memecoin Will Surge 13,000% Before First Exchange Listing, As Shiba Inu and DOGE Lag 11-23
- Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com