The 2 largest memecoins by market cap need to outrun a brand new Solana-based rival.
Dogecoin (DOGE) and Shiba Inu (SHIB) surged alongside Bitcoin and the broader market over the previous week, leaving the brand new much-hyped dog-themed altcoin Bonk (BONK) within the rear view mirror.
Bonk has witnessed a wild trip since its launch late final month, and is up 787% since its debut. However as Bitcoin and the broader market started rallying, BONK suffered a 56% lower, from a seven-day excessive of $0.000002 on January eighth to a low of $0.00000088 on January thirteenth.
DOGE spiked from a seven-day low of $0.077 on January tenth to a excessive of $0.092 on January 14th, marking features of over 16% in lower than per week. DOGE has given up some its features and is buying and selling $0.084 at time of writing.
Even with final week’s rally, DOGE remains to be down over 88% from its all-time excessive of $0.73, which it hit in Might of 2021.
In the meantime, Shiba Inu ascended from a weekly low of $0.0000083 on January eighth to a excessive of $0.000011 on January 14th, representing features of over 32% in lower than seven days.
Shiba Inu has corrected since and is buying and selling at $0.000010 at time of writing.
Whereas the Dogecoin competitor has climbed up to now few days, it stays down 88% from its all-time excessive of $0.000086, recorded in October 2021.
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Featured Picture: Shutterstock/WinWin artlab/Alexey Malkov
