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