When the market is bullish, Shiba Inu and Dogecoin are the meme coins with the largest gains, but BONK's performance has exceeded them. This Solana-based meme coin soared nearly 20% on Thursday, while SHIB only rose 5%. This development indicates a shift in trader preference, as new meme coins are proving to be more profitable than old ones. Even Dogecoin, which was once the standard in the meme coin industry, has generated almost no hype in the community.
Despite Dogecoin's price rising 26% in a month, traders lack confidence in this meme currency. The conflict between Elon Musk and U.S. President Donald Trump is also one of the reasons for Dogecoin's price decline. Traders closely associate Musk with Dogecoin, as the billionaire has been its most steadfast supporter since announcing his investment in Dogecoin. This year, BONK's performance has already surpassed that of meme giants Shiba Inu and Dogecoin.
BONK performs better than Shiba Inu and Dogecoin, with higher returns.
BONK not only soared 20% on Thursday, but its price has also doubled in the past two weeks. In July alone, this meme coin surged 122%, and in the last 30 days, it skyrocketed 163%. While other meme coins in the cryptocurrency market have collapsed, BONK's price continues to double. Shiba Inu and Dogecoin are now struggling to compete with BONK on the leaderboard. Due to poor performance this year, the hype around SHIB and DOGE has largely faded.
BONK's 24-hour trading volume has also surged to $3.4 billion, indicating active trading. Although Shiba Inu is the top meme coin, its 24-hour trading volume is only $493 million. Despite a bullish market, SHIB still lags far behind Dogecoin and BONK. Whether the situation will reverse again in the coming months remains to be seen. Predicting meme coins is not easy, as they defy market logic and fluctuate whimsically. When the market is bullish, Shiba Inu and Dogecoin are the meme coins with the largest gains, but BONK's performance has exceeded them. This Solana-based meme coin soared nearly 20% on Thursday, while SHIB only rose 5%. This development indicates a shift in trader preference, as new meme coins are proving to be more profitable than old ones. Even Dogecoin, which was once the standard in the meme coin industry, has generated almost no hype in the community.
Despite Dogecoin's price rising 26% in a month, traders lack confidence in this meme currency. The conflict between Elon Musk and U.S. President Donald Trump is also one of the reasons for Dogecoin's price decline. Traders closely associate Musk with Dogecoin, as the billionaire has been its most steadfast supporter since announcing his investment in Dogecoin. This year, BONK's performance has already surpassed that of meme giants Shiba Inu and Dogecoin.
BONK performs better than Shiba Inu and Dogecoin, with higher returns.
BONK not only soared 20% on Thursday, but its price has also doubled in the past two weeks. In July alone, this meme coin surged 122%, and in the last 30 days, it skyrocketed 163%. While other meme coins in the cryptocurrency market have collapsed, BONK's price continues to double. Shiba Inu and Dogecoin are now struggling to compete with BONK on the leaderboard. Due to poor performance this year, the hype around SHIB and DOGE has largely faded.
BONK's 24-hour trading volume has also surged to $3.4 billion, indicating active trading. Although Shiba Inu is the top meme coin, its 24-hour trading volume is only $493 million. Despite a bullish market, SHIB still lags far behind Dogecoin and BONK. Whether the situation will reverse again in the coming months remains to be seen. Predicting meme coins is not easy, as they defy market logic and fluctuate whimsically.