{"id":564549,"date":"2023-12-08T23:00:42","date_gmt":"2023-12-08T23:00:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=564549"},"modified":"2024-06-11T08:14:40","modified_gmt":"2024-06-11T08:14:40","slug":"solana-meme-coin-dogecoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana-meme-coin-dogecoin\/","title":{"rendered":"Solana-Based Meme Coin Outperforms Dogecoin, Shiba Inu To Become 3rd-Largest"},"content":{"rendered":"

BONK, a Solana-based meme coin<\/a>, has continued to outperform the likes of Dogecoin and Shiba Inu<\/a> over the last week. As the SOL price has rallied, so has its ecosystem coins continued to rise. This has led to a Solana-based meme coin becoming the third-largest meme coin in the space.<\/p>\n

BONK Meme Coin Beats Out PEPE For Third Place<\/h2>\n

Despite BONK debuting on the meme coin scene months before PEPE<\/a>, the latter had been able to quickly capture a larger market share and eventually became the third-largest in the space. PEPE would maintain this dominance for months, even after an over 60% decline from its all-time high. But it seems that dominance has come to an end.<\/p>\n

Related Reading: Shiba Inu Burn Rate Rises Rapidly In One Week, What\u2019s Been Driving It?<\/a><\/div>\n

Over the last week, the BONK price has continued to rally<\/a>, eventually rising above $0.000012. This put its market cap above $700 million, eventually beating out PEPE\u2019s market cap<\/a>. For context, the PEPE market cap is currently sitting at $650 million compared to BONK\u2019s $717 million.<\/p>\n

In the same vein, the BONK meme coin has also outperformed the top 10 meme coins by market cap. In a one-week period, BONK has risen 192% compared to PEPE\u2019s 40% and FLOKI\u2019s<\/a> 27%. Even 9GAG\u2019s Memecoin (MEME)<\/a> falls behind with 41% gains in the 7-day period.<\/p>\n

BONK\u2019s price has risen 40% in the last 24 hours alone and its trading volume has not been left out of the action. Currently, the BONK daily trading volume is sitting at $213 million which is a 119% increase from its previous day\u2019s figures, data<\/a> from CoinMarketCap shows.<\/p>\n

\"Solana-based<\/p>\n

BONK price touches new ATH | Source: BONKUSDT on Tradingview.com\u00a0<\/a><\/pre>\n
Dogecoin And Shiba Inu See Positive Headwinds<\/h2>\n
Despite not seeing a performance as good as BONK, other meme coins such as Dogecoin and Shiba Inu have also been seeing positive headwinds. Both assets have performed quite well in the last seven days as DOGE<\/a> rose 15.4% and SHIB rose 20.1%.<\/p>\n
Related Reading: Bitcoin Bullish Fractal Returns: Analyst Predicts Another Leg-Up With Price Target<\/a><\/div>\n
There are also other metrics that are driving the positive headwinds for these assets. For Shiba Inu<\/a>, its volatility has remained high which has historically been a bullish thing for the price. If this holds, then there could be more rallies to come.<\/p>\n
Then for Dogecoin, multiple upcoming events could trigger a price rally. First is the Dogecoin moon mission which is taking a physical DOGE coin to the moon<\/a> in December. Then in 2024, the DOGE-1 mission<\/a> is expected to take off and it is the first space mission fully funded by crypto and paid for entirely in Dogecoin. DOGE\u2019s open interest has also been on the high side<\/a>, something that has often been a signal of a rally in the past.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Crypto News, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
BONK, a Solana-based meme coin, has continued to outperform the likes of Dogecoin and Shiba Inu over the last week. As the SOL price has rallied, so has its ecosystem coins continued to rise. This has led to a Solana-based meme coin becoming the third-largest meme coin in the space. BONK Meme Coin Beats Out PEPE For Third Place Despite BONK debuting on the meme coin scene months before PEPE, the latter had been able to quickly capture a larger market share and eventually became the third-largest in the space. PEPE would maintain this dominance for months, even after an over 60% decline from its all-time high. But it seems that dominance has come to an end. Related Reading: Shiba Inu Burn Rate Rises Rapidly In One Week, What\u2019s Been Driving It? Over the last week, the BONK price has continued to rally, eventually rising above $0.000012. This put its market cap above $700 million, eventually beating out PEPE\u2019s market cap. For context, the PEPE market cap is currently sitting at $650 million compared to BONK\u2019s $717 million. In the same vein, the BONK meme coin has also outperformed the top 10 meme coins by market cap. In a one-week period, BONK has risen 192% compared to PEPE\u2019s 40% and FLOKI\u2019s 27%. Even 9GAG\u2019s Memecoin (MEME) falls behind with 41% gains in the 7-day period. BONK\u2019s price has risen 40% in the last 24 hours alone and its trading volume has not been left out of the action. Currently, the BONK daily trading volume is sitting at $213 million which is a 119% increase from its previous day\u2019s figures, data from CoinMarketCap shows. BONK price touches new ATH | Source: BONKUSDT on Tradingview.com\u00a0 Dogecoin And Shiba Inu See Positive Headwinds Despite not seeing a performance as good as BONK, other meme coins such as Dogecoin and Shiba Inu have also been seeing positive headwinds. Both assets have performed quite well in the last seven days as DOGE rose 15.4% and SHIB rose 20.1%. Related Reading: Bitcoin Bullish Fractal Returns: Analyst Predicts Another Leg-Up With Price Target There are also other metrics that are driving the positive headwinds for these assets. For Shiba Inu, its volatility has remained high which has historically been a bullish thing for the price. If this holds, then there could be more rallies to come. Then for Dogecoin, multiple upcoming events could trigger a price rally. First is the Dogecoin moon mission which is taking a physical DOGE coin to the moon in December. Then in 2024, the DOGE-1 mission is expected to take off and it is the first space mission fully funded by crypto and paid for entirely in Dogecoin. DOGE\u2019s open interest has also been on the high side, something that has often been a signal of a rally in the past. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Crypto News, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":564571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87477,90819,1785,89174,7,1803,84471,89673,83626,90820,89405],"class_list":["post-564549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bonk","tag-bonk-news","tag-doge","tag-doge-news","tag-dogecoin","tag-dogecoin-news","tag-meme-coin","tag-meme-coin-news","tag-solana","tag-solana-meme-coin","tag-solana-news"],"acf":[],"yoast_head":"\nSolana-Based Meme Coin Outperforms Dogecoin, Shiba Inu To Become 3rd-Largest<\/title>\n<meta name=\"description\" content=\"BONK, a Solana-based meme 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana-Based Meme Coin Outperforms Dogecoin, Shiba Inu To Become 3rd-Largest","url":"http:\/\/uniquehot.com\/news\/solana-meme-coin-dogecoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/solana-meme-coin-dogecoin\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Meme-coins.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Meme-coins.jpeg?fit=5331%2C3317"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bonk","bonk news","doge","doge news","dogecoin","dogecoin news","meme coin","meme coin news","solana","solana meme coin","solana news"],"dateCreated":"2023-12-08T23:00:42Z","datePublished":"2023-12-08T23:00:42Z","dateModified":"2024-06-11T08:14:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana-Based Meme Coin Outperforms Dogecoin, Shiba Inu To Become 3rd-Largest\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/solana-meme-coin-dogecoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/solana-meme-coin-dogecoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Meme-coins.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Meme-coins.jpeg?fit=5331%2C3317\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bonk\",\"bonk news\",\"doge\",\"doge news\",\"dogecoin\",\"dogecoin news\",\"meme coin\",\"meme coin news\",\"solana\",\"solana meme coin\",\"solana news\"],\"dateCreated\":\"2023-12-08T23:00:42Z\",\"datePublished\":\"2023-12-08T23:00:42Z\",\"dateModified\":\"2024-06-11T08:14:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Meme-coins.jpeg?fit=5331%2C3317","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/564549"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=564549"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/564549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/564571"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=564549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=564549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=564549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}