The 2 largest memecoins by market cap wish 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 every 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 continues to be down over 88% from its all-time excessive of $0.73, which it hit in Could 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 prior to now few days, it stays down 88% from its all-time excessive of $0.000086, recorded in October 2021.
Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in affiliate marketing online.
Featured Picture: Shutterstock/WinWin artlab/Alexey Malkov