• WIF and BONK’s recent performance showed that they could be the SHIB and DOGE of this cycle.
• Although BONK was overbought, the ATR suggested that high volatility could send the price higher.
• WIF’s short-term momentum could drive the price below $1.70 but it remains bullish in the long term.

Memecoins on the Solana blockchain including Bonk (BONK) and dogwifhat (WIF) have been registering eye-catching records daily as the prices continue to climb. As relatively new cryptocurrencies that came to light over the past year, BONK and WIF mirrored the performances of Dogecoin (DOGE) and Shiba Inu (SHIB) during the 2021 bull market.

In the last 90 days, WIF’s price has increased 10x. BONK, on the other hand, has climbed by an incredible 478%. Within the same timeframe, DOGE’s price increased by 90.51% while SHIB jumped by 204.02%.

The momentum shown by BONK and WIF suggests that they could outperform the top two meme coins in the market. However, SHIB and DOGE’s market cap was far higher than WIF and DOGE.

At press time, DOGE’s market cap was $24.17 billion while SHIB’s was over $16 billion. BONK’s market cap crossed the $2 billion mark but WIF wa…

The post Solana Season? WIF, BONK Eyes Dogecoin, Shiba Inu’s Positions appeared first on Coin Edition.

• WIF and BONK’s recent performance showed that they could be the SHIB and DOGE of this cycle.
• Although BONK was overbought, the ATR suggested that high volatility could send the price higher.
• WIF’s short-term momentum could drive the price below $1.70 but it remains bullish in the long term.

Memecoins on the Solana blockchain including Bonk (BONK) and dogwifhat (WIF) have been registering eye-catching records daily as the prices continue to climb. As relatively new cryptocurrencies that came to light over the past year, BONK and WIF mirrored the performances of Dogecoin (DOGE) and Shiba Inu (SHIB) during the 2021 bull market.

In the last 90 days, WIF’s price has increased 10x. BONK, on the other hand, has climbed by an incredible 478%. Within the same timeframe, DOGE’s price increased by 90.51% while SHIB jumped by 204.02%.

The momentum shown by BONK and WIF suggests that they could outperform the top two meme coins in the market. However, SHIB and DOGE’s market cap was far higher than WIF and DOGE.

At press time, DOGE’s market cap was $24.17 billion while SHIB’s was over $16 billion. BONK’s market cap crossed the $2 billion mark but WIF wa…

The post Solana Season? WIF, BONK Eyes Dogecoin, Shiba Inu’s Positions appeared first on Coin Edition.