BONK Coin Up 80%: Is a SHIB-Like Surge Underway?
Dog-themed meme coin Bonk is surging on the crypto market charts, rising over 80% in the past week. The token recently surpassed Dogwifhat (WIF) to become the top meme coin on Solana by market valuation. Additionally, BONK also leads trading volume among Solana memes, recording $2 billion in activity. Some experts are jumping on the BONK train, with its market cap also climbing in the last seven days. While trading volume around the cryptocurrency is down today, analysts are still heavily favoring BONK for a further jump. In fact, one trader has compared BONK’s recent climb to that of another top dog-themed meme coin: Shiba Inu (SHIB). Indeed, BONK coin trader Unipcs is drawing comparisons between BONK’s current pattern and SHIB’s 2021 pre-rally setup. They suggest that BONK could follow a similar rally trajectory in the near future. Unipcs notes that BONK shares many key factors with SHIB. The most crucial ones are unit bias, debuting on a major retail exchange, and h...