BONK Surges by 845% in 30 Days
The native token of the Solana blockchain, SOL, has been on an impressive uptrend, with a 46% increase over the past month. Alongside this surge, Bonk Inu (BONK), the first meme coin on Solana, has gained significant traction and surpassed Floki Inu to become the third-largest dog coin by market capitalization.
BONK Rockets To New Heights With 845% Surge In 30 Days
Bonk Inu has experienced a staggering growth of 845% in the past 30 days, reaching new yearly highs. Meanwhile, SOL has seen a slight pullback from its peak of $65 on December 2. Despite this setback, the bullish momentum and renewed interest in Bonk Inu have caught the attention of market participants.
Currently, BONK is trading at $0.0000069712, outperforming the broader crypto market with a remarkable 22.4% uptrend in the past 24 hours.
Dog Coins Make Strong Push For Year-End Gains
The altcoin SHIB, built on Ethereum and known for its Shiba Inu mascot, continues to demonstrate consistent gains. It has seen a 14% increase in the past two weeks and an 18% surge over the past month, resulting in a slight year-to-date profit of 0.2%. However, SHIB is still down more than 89% from its all-time high.
On the other hand, DOGE, backed by Elon Musk, has witnessed an 18% rise in the past two weeks and nearly 30% growth over the past month. However, it has experienced a decline of 12% year-to-date and an 87% drop from its all-time high.
Hot Take: Dog Coins Continue to Gain Momentum, Future Uncertain
The recent surges in Bonk Inu, SHIB, and DOGE have captured the attention of crypto investors. While these coins have made significant gains in the past month, their future trajectory remains uncertain. It’s yet to be seen if they will continue their upward movement or experience a healthy pullback. Nevertheless, their performance highlights the continued interest and potential for growth in the dog coin market.
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