Cryptocurrency Update: Bonk Hits New ATH, Outperforms Dogwifhat as Top Meme Coin on Solana’s Blockchain and Pepe Unchained Gains Momentum

The meme coin Bonk has seen a surge of over 100%, sparking discussion on whether to invest or to turn our attention to Pepe Unchained.

Bonk has noted a growth of over 100% this week and reached a new all-time high (ATH).

This rise poses a question – is it the right time to invest or should potential investors consider newer meme coins such as Pepe Unchained?

Bonk dethrones Dogwifhat as Solana’s leading meme coin

Earlier, Dogwifhat was Solana’s largest meme coin but now Bonk has claimed the crown. Bonk’s price has more than doubled this week whereas Dogwifhat saw an increase of only 15%.

This comes as quite unexpected especially considering Dogwifhat being recently listed on Coinbase. However, investors noticed importance of unit bias, particularly when dealing with Normie Capital.

Bonk has a higher circulating supply compared to Dogwifhat, which makes Bonk more appealing to novice investors as they deem it cheaper with more growth potential.

The rise of retail investors in the cryptocurrency industry highlights the need to be alert towards shifting dynamics.

Predicting More Growth as Trading Volume Increases

The primary driver behind Bonk’s rapid growth this week is unit bias, which is evident from the market trends. The price isn’t the only thing on the rise as Bonk’s trading volume is significantly higher than other competitors as well.

This implies that there is a strong market demand volunteering ample buyers to continue boosting its price.

Analyst Dami-Defi, whilst expressing an optimistic view about Bonk, notes that a weekly candle close above the previous high is extremely bullish.

With the current momentum, Bonk’s next price target of $0.00014, predicted by Dami Defi, is ambitious but not improbable. Prominent trader Zer0, on the other hand, suggests that Bonk will reach a $30 billion market cap this cycle, offering about an 8x gain from the current price.

Despite being a funny token on Solana’s network, Bonk could be a worthy component in the portfolio for meme coin enthusiasts. Yet, keeping a diversified portfolio is essential to balance the risk.

The next potential meme coin? Pepe Unchained’s presale goes beyond $35m, analysts predict 50x gain

Pepe Unchained, a new entrant in the meme coin sector, is getting substantial attention by introducing the first Pepe-themed Ethereum layer 2 blockchain.

Bringing a completely new concept, Pepe Unchained has developed an entire ecosystem of meme coin, resulting in a successful fundraiser of $35 million from the ongoing presale.

The Pepe Chain offers several features which makes it an attractive option for potential investors, such as a two-click meme coin generator, a block explorer, staking, a decentralized exchange, an Ethereum bridge, and much more.

Considering the presale closure in 25 days, potential buyers need to make their call quickly. Further good news for Pepe Unchained is that it will enlist on tier-1 exchanges, ensuring global exposure resulting in the rise of the $PEPU price.