The two largest memecoins by market cap are looking to outrun a new Solana-based rival.
Dogecoin (DOGE) and Shiba Inu (SHIB) surged alongside Bitcoin and the broader market over the past week, leaving the new much-hyped dog-themed altcoin Bonk (BONK) in the rear view mirror.
Bonk has witnessed a wild ride since its launch late last month, and is up 787% since its debut. But as Bitcoin and the broader market began rallying, BONK suffered a 56% decrease, from a seven-day high of $0.000002 on January 8th to a low of $0.00000088 on January 13th.
DOGE spiked from a seven-day low of $0.077 on January 10th to a high of $0.092 on January 14th, marking gains of over 16% in less than a week. DOGE has given up some its gains and is trading $0.084 at time of writing.
Even with last week’s rally, DOGE is still down over 88% from its all-time high of $0.73, which it hit in May of 2021.
Meanwhile, Shiba Inu ascended from a weekly low of $0.0000083 on January 8th to a high of $0.000011 on January 14th, representing gains of over 32% in less than seven days.
Shiba Inu has corrected since and is trading at $0.000010 at time of writing.
While the Dogecoin competitor has climbed in the past few days, it remains down 88% from its all-time high of $0.000086, recorded in October 2021.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/WinWin artlab/Alexey Malkov