Bonk, Pepe Print Double-Digit Weekly Gains: Why Dogecoin And Shiba Inu Should Be Concerned
Portfolio Pulse from Khyathi Dalal
Bonk and Pepe, two meme coins, have seen significant weekly gains of 23.5% and 17.6% respectively, outperforming Dogecoin and Shiba Inu. The rally is attributed to Bitcoin's surge to $50,000. Bitstamp's listing of Pepe and bullish social media analysis further spotlight these coins. Despite their popularity, meme coins on the Solana network, like Bonk and Pepe, face volatility due to profit-taking. Dogwifhat, another Solana meme coin, has also seen an 80% weekly gain.
February 13, 2024 | 7:21 pm
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NEUTRAL IMPACT
Dogecoin posted a modest 2% weekly gain, lagging behind Bonk and Pepe's performance despite its higher social activity ranking.
Although Dogecoin remains popular on social media, its relatively small weekly gain compared to Bonk and Pepe suggests a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Shiba Inu achieved a 5% weekly gain, underperforming compared to Bonk and Pepe but still maintaining a strong user base on social media.
Shiba Inu's performance, while not as strong as Bonk or Pepe's, still indicates a stable interest among investors, leading to a neutral short-term outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Bonk has experienced a 23.5% weekly gain, attributed to Bitcoin's rally and its popularity on social media. It's ranked third among meme coins by market cap.
Bonk's significant weekly gain and its ranking by market cap highlight its growing popularity and potential for further gains, especially with Bitcoin's current rally.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Pepe has seen a 17.6% weekly gain and was recently listed on Bitstamp. Analysts are bullish, with technical indicators suggesting further upside.
Pepe's recent listing on Bitstamp and positive analysis from social media and technical indicators suggest a strong potential for continued growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90