Dog coins are back: BONK leads Dogecoin, Floki and Shiba with 1400% rally


17 Nov 2023 1:38 PM

Solana’s heart still beats with the sound of BONK, the network’s very own dog coin....

  • Dog-themed cryptocurrencies, or dog coins, are currently outperforming the market.
  • Dogecoin (DOGE) has gained 43% in the past month and has a market cap of $12 billion.
  • Other dog coins like Floki and Shiba Inu have also seen significant gains.
  • Solana-native dog coin Bonk has rallied 1,400% and is leading the pack.
  • Solana and Avalanche are the top-performing layer-1 blockchains, with gains of 142% and 130% respectively.
  • BONK is close to retesting its price record after a significant drop in January.
  • BONK's price surge can be attributed to its small market value and low average daily volume.
  • BONK is considered a memecoin and is more of a tokenized idea.

The article highlights the success of dog-themed cryptocurrencies, particularly Bonk, on the Solana network. The sentiment is generally positive, emphasizing the significant gains and outperformance of these coins.

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You May Ask

Which dog coin has seen a 1,400% rally?What are the top-performing layer-1 blockchains?How has Bonk's price performance compared to other cryptocurrencies?What factors have contributed to Bonk's price surge?What is the market cap of Dogecoin?

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