This Solana Meme Coin Is Outperforming Dogecoin, Shiba Inu, And PEPE Combined

Meme coins have become a prominent part of the crypto industry and hardly a market recovery goes by that there isn’t at least one meme coin outshining the crypto market gains. This time around, it is a meme coin on the Solana network that is outperforming the space, leaving behind even the likes of heavy hitters such as Dogecoin, Shiba Inu, and PEPE.

Solana-Based BONK Meme Coin Rises 1,700%

After initially putting on an incredible run earlier this year, the Solana-based BONK meme coin had seemingly faded back into obscurity. The coin’s price eventually fell around 80% of its previous all-time high and traded low for the better part of the year.

However, this bearish run would end in October as soon as the crypto market began to recover once again. The price would eventually go from $0.00000019 toward the end of October to $0.000000768 by the time the month of November began. It was already up 300% by then but the rally was only in its beginning stages.

On Monday, November 20, the BONK price made a new all-time high of $0.00000539 according to data from CoinGecko. This represents an over 1,700% increase from its cycle lows, making it the top-performing meme coin in the last 30 days.

Likewise, BONK has seen a tremendous jump in its trading volume. In mid-October, the meme coin was doing less than $2 million in daily trading volume. However, as of Tuesday, November 21, BONK’s trading volume is sitting above $100 million, up almost 11% in the last day alone. This signifies the renewed interest in the coin, suggesting that the rally was backed up by good fundamentals.

BONK price hits new all-time high | Souce: BONKUSD on Tradingview.com

Dogecoin And Shiba Inu Fall Behind

As the price of the BONK meme coin has surged, other meme coins have not performed as well. While they have seen some good headwinds, they have largely underperformed compared to BONK. To put this in perspective, the price of BONK is down 105.45 in the last week. At the same time, the price of Dogecoin is up only 2.5% in the same time period.

Shiba Inu and PEPE are performing even worse in this timeframe. The former is currently seeing 2.7% losses on the weekly chart, while the latter is down 3.9% in the same time period. Another top meme coin, FLOKI, is down 6.8% as well.

The BONK recovery can be attributed to the price of Solana which is up over 400% this year alone. SOL’s price reached as high as $62 before correcting back downward, and the interest in the token trickled down to other ecosystem cryptos.

Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of JuiceStorm.com that has zero human input.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 30,635 Betfair markets traded are here and the charts are here.

Top 100 Comments on JuiceStorm.com

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from RacingTraders.co.uk was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.
Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by JuiceStorm.com.
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.