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If Bonk Is The Dogecoin Of This Cycle, Is WIF The Next Shiba Inu?

Press Releases Crypto News Bitcoinist If Bonk Is The Dogecoin Of This Cycle, Is WIF The Next Shiba Inu?

The performances of Dogecoin and Shiba Inu in the last bull cycle have led to the hunt for their replacements in this cycle, and the likes of BONK and WIF continue to make a play for the positions. BONK rallied more than 1,000% in 2023 to reach a market cap of over $1 billion, reminiscent of Dogecoin’s 2020 rally. As BONK swims to the fore as a possible replacement for DOGE, another Solana-based meme coin, dogwifhat (WIF) is putting on a performance that could qualify it as the next Shiba Inu.

WIF Scores Robinhood Listing

WIF seems to be following the same path as Shiba Inu, although on a more accelerated timeline. WIF, which had lagged for a few weeks after its launch on the Solana blockchain, began a monster run that took its market cap from just a couple of hundred thousand dollars to over $1 billion at the time of this writing.

The WIF community continues to push the meme coin in a similar fashion to SHIB, hammering on the ‘dog wearing a hat’ meme. This has pushed its price further as support climbs, and the most recent development has given the meme coin even more clout in the space.

Robinhood, a trading platform infamous for listing meme coins Dogecoin and Shiba Inu, recently announced that it is listing the WIF token. The announcement triggered a price surge that sent WIF to new all-time highs after crossing the $1 mark.

Price trending at $0.94 | Source: WIFUSD on Tradingview.com

BONK Gunning For Dogeocin

The BONK meme coin has grown from obscurity to becoming one of the largest meme coins in the space. After rising more than 100% in the last week, its market cap has successfully crossed $1.5 billion, making it the third-largest meme coin in the crypto market ahead of PEPE.

As BONK’s popularity continues to grow, expectations for a Do

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Author: Scott Matherson

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