Could BONK or PEPE Surpass Shiba Inu?
Speculation is growing about whether smaller meme coins like Bonk (BONK) and Pepe (PEPE) could potentially overtake Shiba Inu (SHIB) to become the world’s second-largest meme coin.
BONK and PEPE have seen significant gains in the past week, with BONK up over 1,000% in the last 30 days. Traders are wondering if these two tokens could flip SHIB in terms of market cap rankings.
Currently, SHIB has a market cap of over $5.8 billion, while PEPE’s market cap is $656 million and BONK’s market cap is even lower at $456 million. For either BONK or PEPE to surpass SHIB, substantial growth would be needed.
Unlikely in the Short Term
Based on their current market caps, BONK would need to increase by 13x and reach a price of around $0.0005 to surpass SHIB. Similarly, PEPE would need a 10x gain to achieve a market cap higher than SHIB but still lower than Dogecoin’s market cap of $14.5 billion.
Given the significant growth required, the chances of BONK or PEPE overtaking SHIB in the short term are slim.
Other Meme Coins to Watch
Regardless of whether BONK or PEPE manage to take the number two spot, there are other lesser-known meme coins that could attract attention and rally.
Meme Kombat: AI-Powered Mascot Battles
Meme Kombat is a crypto-gaming platform that features AI-powered battles between iconic mascots. With a low market cap and scarcity due to limited token supply, Meme Kombat has the potential to follow in the footsteps of BONK and PEPE.
Players can bet on fight outcomes between characters like Doge, Wojak, and Pepe the Frog. The AI system generates battles where only one meme coin character emerges as the winner. MK token holders can wager their tokens on match results and earn rewards for accurate predictions.
Meme Kombat’s presale has already raised over $2.5 million, and the project is led by founder Matt Whiteman, who has experience in the web3 space.
Wall Street Memes: Disrupting Gaming
Another meme coin to watch is Wall Street Memes, which has over one million followers on platforms like Instagram and Twitter. The project raised over $25 million during its presale, and its native token WSM now has a market cap of $46.4 million.
WSM is used within the Wall Street Memes Casino, which offers thousands of games for users to wager their coins on. The casino allocates 10% of its net gaming revenue to WSM buybacks and burns.
Over 2.5 million WSM tokens have already been burned by the community, and as more meme coin enthusiasts discover the project, Wall Street Memes could experience further growth.
Hot Take: Potential for Meme Coin Disruption
In conclusion, while it may be unlikely for BONK or PEPE to surpass SHIB in the short term, these smaller meme coins are generating interest among traders. Additionally, projects like Meme Kombat and Wall Street Memes have the potential to disrupt the meme coin market with their unique offerings and growing communities.
As the meme coin space continues to evolve, it’s important for investors to do their own research and stay informed about emerging projects that could offer new opportunities for growth and investment.
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