Shiba

Solana

Bonk

Shiba Inu

Gains

<p>The post <a href="https://coinpedia.org/news/bonk-rockets-to-third-place-among-dog-themed-cryptos-surpassing-floki-and-babydoge/">Shiba Inu-Inspired Bonk Rockets to Third Place Among Dog-Themed Cryptos</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/price-analysis/top-altcoins-to-watch-next-week-will-blur-blur-uniswap-uni-and-bonk-bonk-prices-hold-momentum/">Bonk</a>, a Shiba Inu-inspired cryptocurrency, has experienced a meteoric rise in value, catapulting it to the <a href="https://twitter.com/DegenerateNews/status/1732050950414574025?s=20">third</a> spot among dog-themed tokens, just behind Dogecoin and Shiba Inu. As of December 6, 2023, Bonk boasts a market <a href="https://twitter.com/BSCNews/status/1732348803968110617">capitalization</a> of $440 million, leaving Floki ($400 million) and BabyDogeCoin ($350 million) in its wake.</p> 
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   <p lang="en" dir="ltr">BREAKING: <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@solana</a> MEMECOIN <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONK</a> (<a href="https://twitter.com/bonk_inu?ref_src=twsrc%5Etfw">@bonk_inu</a>) FLIPS <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> (<a href="https://twitter.com/RealFlokiInu?ref_src=twsrc%5Etfw">@RealFlokiInu</a>) TO BECOME THE 3RD LARGEST DOG COIN BY MARKET CAP IN THE WORLD <a href="https://t.co/644yj7jUNx">pic.twitter.com/644yj7jUNx</a></p>— DEGEN NEWS 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5de.png" alt="🗞" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1732050950414574025?ref_src=twsrc%5Etfw">December 5, 2023</a>
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<h2 class="wp-block-heading" id="h-riding-the-solana-wave">Riding the Solana Wave </h2> 
<p>Several factors have contributed to Bonk’s breathtaking ascent. Firstly, the <a href="https://coinpedia.org/information/solana-cardano-chainlink-looking-confident-new-ath-not-far/">Solana</a> blockchain, Bonk’s homebase, has witnessed a surge in capital, with trading volume skyrocketing from an average of $8 million per day in early November to over $80 million on December 6.</p> 
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   <p lang="en" dir="ltr">JUST IN: The <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@Solana</a> based <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONK</a> token has climbed to a market cap of $440M+ to become the third largest dog-themed <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw">#memecoin</a>, and is up 85% in the last week.<a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw">#SHIB</a> <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> <a href="https://twitter.com/hashtag/BONK?src=hash&amp;ref_src=twsrc%5Etfw">#BONK</a> image: Reddit <a href="https://t.co/gQB7h3TuJd">pic.twitter.com/gQB7h3TuJd</a></p>— BSCN (@BSCNews) <a href="https://twitter.com/BSCNews/status/1732348803968110617?ref_src=twsrc%5Etfw">December 6, 2023</a>
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<p>Driving Bonk’s ascent is a noticeable increase in investor risk appetite, with more gravitating towards tokens associated with the Solana network. Open interest, measured by outstanding futures contracts for Bonk, soared to $100 million on <a href="https://cryptopotato.com/wp-content/uploads/2023/12/BONK.png">December 6</a>, a substantial jump from just $10 million in early November.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/solana-sol-price-to-hit-new-ath-of-360-this-bull-run-predicts-top-analyst/">Solana Price Set to Soar: Crypto Expert Predicts $360 by 2025</a></p> 
<h2 class="wp-block-heading" id="h-dog-themed-pack-sees-gains"><strong>Dog-Themed Pack Sees Gains</strong></h2> 
<p>While Bonk takes the spotlight, other dog-themed tokens are enjoying a sunny day in the crypto world. <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">Dogecoin (DOGE)</a> and <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu (SHIB)</a> experienced a significant surge, with a 16% and 10% jump, respectively. Floki, however, took a breather after a robust 25% surge on December 6, as traders seized the opportunity to cash in their profits.</p> 
<p>Behind Bonk’s impressive rise are its developers, a dynamic team of 22 individuals with diverse expertise in decentralized applications (dapps), non-fungible tokens (NFTs), and product development on the Solana blockchain. Their unwavering dedication to showcasing the potential of Solana’s technology undeniably stands as a cornerstone of Bonk’s success.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/bonks-meteoric-rise-could-binance-contracts-signal-a-market-peak/">BONK’s Meteoric Rise: Could Binance Contracts Signal a Market Peak?</a></p> 
<h2 class="wp-block-heading" id="h-the-road-ahead-can-bonk-hold-its-ground">The Road Ahead: Can Bonk Hold Its Ground?</h2> 
<p>As the Solana ecosystem continues its upward trajectory, a lingering question persists: can Bonk maintain its coveted position in the top three? While the current trajectory hints at sustained demand for high-risk, high-reward crypto assets, particularly among dog-themed enthusiasts, the ultimate test lies ahead. </p> 
<p>Only time will unveil whether Bonk can navigate the turbulent waters of competition and secure its standing among the crypto elite.</p>

Shiba Inu-Inspired Bonk Rockets to Third Place Among Dog-Themed Cryptos

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