Price: $0.19601 1.1275%
Market Cap: 28.75B 1.146%
Volume (24h): 4.8B 0.2%
Dominance: 1.146%
Price: $0.19601 1.1275%
Market Cap: 28.75B 1.146%
Volume (24h): 4.8B 0.2%
Dominance: 1.146% 1.146%
  • Price: $0.19601 1.1275%
  • Market Cap: 28.75B 1.146%
  • Volume (24h): 4.8B 0.2%
  • Dominance: 1.146% 1.146%
  • Price: $0.19601 1.1275%
Home > Information news > BONK Emerges as the Dark Horse of 2024: A New Meme Coin Rivaling Shiba Inu and Dogecoin

BONK Emerges as the Dark Horse of 2024: A New Meme Coin Rivaling Shiba Inu and Dogecoin

Release: 2023/12/18 15:15 Reading: 289

Original author:Cryptos Newss

Original source:https://coinmarketcap.com/community/articles/657fd0307896be7583edd51c

BONK Emerges as the Dark Horse of 2024: A New Meme Coin Rivaling Shiba Inu and Dogecoin

Key Points:

  • BONK, Solana’s first meme coin, surpasses expectations with a 719% growth in the last month.
  • Santiment predicts meme coins, including BONK, will dominate the cryptocurrency market in 2024.
  • Despite a recent dip, BONK’s historic surge draws parallels to Dogecoin’s 2021 rise, capturing traders’ attention.

In a recent report by data aggregator Santiment, the crypto community is buzzing about BONK, the first meme coin launched on the Solana blockchain. Often hailed as a competitor to popular canine tokens like Shiba Inu and Dogecoin, BONK is capturing the attention of traders as the market continues to crave meme cryptocurrencies.

Santiment’s latest tweet suggests that as we approach 2024, the cryptocurrency market is heavily influenced by both short-term and long-term trends. According to their analysis, NFTs, BASE, and various meme cryptocurrencies, including BONK, are poised to maintain their allure for traders in the coming year.

The report draws parallels between BONK’s current rise and Dogecoin’s surge in 2021. Recall that Dogecoin reached a historic peak of $0.7376 on May 8, driven largely by Elon Musk’s enthusiastic endorsements on Twitter. Musk, humorously calling himself the “DogeFather,” played a significant role in Dogecoin’s ascent, particularly during his appearance on Saturday Night Live in April.

BONK, the Solana-based meme coin, has been on a remarkable upward trajectory in the first weeks of December. Notably, it recorded a staggering 213% surge in the initial week, catapulting to an all-time high. The growth over the preceding month amounted to an astonishing 719%, showcasing BONK’s rapid ascent in the meme coin space.

_______________________________________________________________________________________

Stay connected with us on Google NewsTelegramTwitter, and Facebook to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.

Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.

Originally published at https://cryptosnewss.com on December 18, 2023.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.