As the price of Bitcoin is getting closer to a new milestone at $110,000, the popular meme coins dogwifhat (WIF) and Bonk (BONK) are performing positively.

Crypto bulls may be aiming to recover some of the territory they lost in the past couple of weeks after the markets took a breather following a remarkable post-election rally.

So far this year, WIF accumulates gains of 1,557% as meme coins have captured the interest and attention of speculators and investors who see these assets as much more than mere “internet jokes”.

The power of community, a sense of belonging, and taking a stand on the “all-serious” financial industry have been some of the key drivers that have propelled the value of meme coins to unexpected heights.

BONK has jumped to the top 100 cryptocurrencies in the world this year. Since 2024 started, this dog-themed digital asset has seen its value nearly double while its market capitalization could soon cross the $3 billion mark.

Meanwhile, a new meme coin Crypto All-Stars could be set to pump next as its presale nears $20 million.

BONK and WIF Deliver Double and Triple-Digit Gains in 2024

A handful of major listings have been the primary cause for dogwifhat’s remarkable performance this year. In mid-November, Coinbase confirmed that it was bringing WIF, alongside other popular meme coins, to its platform.

This meant that billions of dollars in customer assets would be rapidly poured into this digital asset. Higher liquidity typically favors higher prices in the crypto space and this was not the exception.

Coinbase’s decision to list WIF came around 8 months after Binance went through this path. The liquidity that the global crypto exchange founded by CZ brought to the table propelled the price of the digital asset to its highest level on record at $4.6 per token.

However, despite the positive influence that Donald Trump’s victory has had on cryptocurrencies, WIF has not yet posted a new all-time high. Bulls see this as clear evidence that there’s still enough gasoline in the tank to propel dogwifhat to higher places in the charts as soon as the dust settles from this recent pullback.

Meanwhile, BONK has been persistently posting higher highs throughout the year and the tailwind provided by Bitcoin’s surge to the $100,000 level will likely benefit its run. BONK supporters claim that the to