This Dog Coin Is Up 53% And 'Still In Ripper Mode'... But It's Not Dogecoin
Portfolio Pulse from Ivan Crnogatić
Prominent crypto trader Cold Blooded Shiller highlighted the strong performance of Solana meme coin Bonk (BONK), which is up 53% on the week. BONK has outperformed Dogecoin (DOGE) and Shiba Inu (SHIB), which are up 13.3% and 7.4% respectively. The trader emphasized the importance of reacting to high-timeframe signals even when lower-timeframe prices have surged.
May 27, 2024 | 4:45 pm
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NEUTRAL IMPACT
Dogecoin (DOGE) has risen 13.3% on the week but has been outperformed by Bonk (BONK). The focus on BONK's performance may draw some attention away from DOGE.
While DOGE has seen a decent rise, the spotlight on BONK's performance may limit DOGE's short-term upside potential.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu (SHIB) has increased by 7.4% on the week but has been outperformed by Bonk (BONK). The attention on BONK's surge may impact SHIB's short-term performance.
SHIB's performance is overshadowed by BONK's significant rise, which may affect SHIB's short-term price movement.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Bonk (BONK) has surged 53% on the week, outperforming other meme coins like Dogecoin and Shiba Inu. Prominent trader Cold Blooded Shiller emphasizes the importance of reacting to high-timeframe signals.
The significant weekly surge in BONK's price and the emphasis on high-timeframe signals by a prominent trader suggest continued positive momentum in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100