Bonk Price Explodes 135%, Will Pepe, Dogecoin Or Shiba Inu Be The Next Meme Coins to Pump?

Is the top in for the Bonk price? Today the Solana-based meme coin hit a new all-time high and a market cap of $2 billion before a correction.

Bonk (BONK) reached $0.000034 on Friday, 135% higher than its December 9 high of just under $0.000015.

Measured from October 15, the Bonk price has exploded 19,000% in the last two months, spurred on airdrop promotions and listings on Coinbase (Dec 14) and Binance (Dec 15).

View the BONK/USDT pair on Binance here, where the price even wicked briefly to as high as $0.00004.

View the BONK/USD pair on Coinbase here.

Bonk Price Predictions

Some analysts have cautioned against buying Bonk at the current levels, including the ‘Dogecoin millionaire’ Glauber Contessoto.

Advertisements

Bonk has now flipped Pepe to take the #3 meme coin spot behind Dogecoin and Shiba Inu, and is at approximately the market cap Pepe reached at its own all-time high in April, before a deep correction.

That ATH for Pepe was hit the same day as its Binance listing.

The sentiment of euphoria has led others to call the current Bonk rally ‘overheated’, with some whales already profiting in the millions.

Are Pepe, Dogecoin Or Shiba Inu Next?

While dwarfed by the Bonk bull run, PEPE, DOGE and SHIB are also up 18 – 32% in the past month.

Given their market capitalization – $587 million, $13.6 billion and $5.8 billion respectively – however its unlikely for them to mirror Bonk’s bull run this quarter.

Bonk meme coin

Meme coin traders generally achieve a better ROI by entering a position when a meme coin has a market cap of well under $100 million, placing it outside the current top ten meme coin rankings on CoinMarketCap.

Sponge (SPONGE) for example has risen 400% since mid November, currently with a fully diluted market cap of $18 million. View $SPONGE on DEXTools here.

Also within the Solana ecosystem, dogwifhat (WIF) is tipped by some to be the next Bonk, currently with an FDV of $59 million. View $WIF on DEXTools here.

New Meme Coin ICOs

For the highest returns – and also higher risk – many investors also seek out new meme coin ICOs, buying at presale ahead of exchange listings.

One meme coin presale garnering interest is Meme Kombat (MK) which combines elements of AI, GambleFi and meme tokens into a play to earn crypto game.

Over $250,000 has poured into the project in the past 24 hours, including one whale making several purchases in the $100,000 range.

Meme Kombat whale buys

Meme Kombat (MK) buys

Find more high-potential ‘next Bonk’ contenders on our best meme coins page.

Advertisements
Advertisements
James Spillane

James began investing in cryptocurrency in 2017 and alongside his own trading journey also now aims to help others better navigate the markets as a crypto analyst, writer and editor. Currently James is helping to expand the library of cryptocurrency educational materials here on the site, as well as its tech related content. Prior to joining Techopedia as an administrator James also wrote news coverage of the iGaming industry and online poker guides at Rakeback.com. Hailing from Bedfordshire in the United Kingdom, James graduated from Imperial College London with a BSc in Physics.