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The two memecoins with the largest market capitalization are about to overtake their new Solana-based rivals.
Dogecoin (DOGE) and Shiba Inu (SHIB) surged alongside Bitcoin and the broader market over the past week, with a new dog-themed altcoin BONK in the rearview mirror.
Bonk has seen a runaway since launching late last month, rising 787% since its debut. However, as Bitcoin and the broader market began to rise, BONK fell 56% from his 7-day high of $0.000002 on Jan. 8 to $0.00000088 on Jan. 13.
DOGE surged from a 7-day low of $0.077 on Jan. 10 to a high of $0.092 on Jan. 14, rallying more than 16% within a week. DOGE has given up some of that profit and at the time of writing he is trading at $0.084.
Despite last week’s rally, DOGE is down more than 88% from its all-time high of $0.73 set in May 2021.
Meanwhile, the Shiba Inu climbed from a weekly low of $0.0000083 on January 8th to a high of $0.000011 on January 14th, up more than 32% within seven days.
The Shiba Inu has since been modified and is trading at $0.000010 at the time of writing.
Dogecoin’s competitors have risen in recent days, but are still down 88% from their all-time high of $0.000086 set in October 2021.
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Featured Image: Shutterstock/WinWin artlab/Alexey Malkov
