Dogecoin Surges 50% to Outperform Avalanche! BONK Triumphs over PEPE 🚀

Dogecoin Surges 50% to Regain 9th Position from Avalanche

With altcoins gaining momentum and meme coins like Dogecoin, BONK, and PEPE stealing the spotlight, their position in the crypto market has strengthened, surpassing larger competitors.

Despite starting the week slowly, Dogecoin experienced a surge on Wednesday when Bitcoin’s price reached $64,000. During this rally, the price of DOGE skyrocketed from $0.09 to over $0.1 within a few hours. However, Bitcoin’s subsequent dip below $60,000 temporarily halted the progress.

Following the market’s recovery, Dogecoin resumed its upward movement and by Thursday, its price surpassed $0.13. This is the highest price point for DOGE since 2022 and propelled its market cap to not only re-enter the top 10 cryptocurrencies but also reclaim the 9th position from Avalanche.

In the past week alone, Dogecoin’s price has surged by 50%, pushing its market cap above $18.1 billion. Avalanche had previously occupied the 9th spot after experiencing significant growth from $10 to $40 in recent months. However, with a market cap of $16.64 billion, Avalanche now ranks 10th on the list.

Interestingly, just a week ago, Dogecoin had dropped out of the top 10 cryptocurrencies as Tron’s TRX witnessed a rise in its market cap. However, TRX’s stint in the top 10 was short-lived as it now sits at the 11th position with a market cap of $12.6 billion.

BONK Overtakes PEPE

In addition to Dogecoin’s impressive performance, BONK—a meme coin—has also experienced substantial growth. Coinmarketcap data reveals that the price of BONK has increased by 30% in the last day, surpassing the $0.00002 threshold.

This surge in price is accompanied by a significant rise in BONK’s daily trading volume, which has increased by 135% over the past day, reaching $955 million. Such a rapid increase suggests a surge in investor interest and contributes to BONK’s gains.

As a result, BONK’s market cap has risen to $1.81 billion, surpassing PEPE, which currently holds a market cap of $1.22 billion. With these figures, BONK secures the third position among meme coins, trailing behind Dogecoin and Shiba Inu.

However, on the weekly chart, PEPE outperforms BONK with gains of 148% compared to BONK’s 74%. Following closely behind PEPE is dogwifhat (WIF), which experienced a 142.6% surge in the past week, reaching an $820 million market cap.