The two largest memecoins by market cap are looking to outrun a new Solana-based rival.
Dogecoin () and Shiba Inu () surged alongside Bitcoin and the broader market over the past week, leaving the new much-hyped dog-themed altcoin 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.
