The meme coin industry continues to change rapidly as new projects emerge to challenge dominant coins Shiba Inu ($SHIB) and Bonk ($BONK). A prominent crypto analyst predicts an upcoming meme coin will outperform Shiba Inu and Bonk by 2025 despite Bonk’s current leadership position in Solana’s meme coin market and Shiba Inu’s position as Dogecoin’s main competition. 

Shiba Inu price has seen a mixed performance in recent months, Shiba Inu and Bonk holders expect the market to expand due to upcoming Shibarium and staking initiatives which will drive additional growth in the ecosystem. Due to growing market competition investors search for upcoming opportunities which might replicate the famous 100x returns associated with meme coins.

Shiba Inu’s Dominance at Risk? Market Sentiment Shifts

Shiba Inu price has demonstrated stagnation while its dedicated community and ongoing development work continues to thrive. The current Shiba Inu price hovers at a fraction of a cent despite past bullish runs yet its vast circulating supply limits potential explosive price movement.

Despite the launch of Shibarium, its layer-2 scaling solution, Shiba Inu price trades at $0.0000187 down 80% from its all-time high. Analysts attribute this slump to inflationary tokenomics, with over 549 trillion SHIB in circulation diluting scarcity. While Shiba Inu’s loyal “Shib Army” remains active, the lack of fresh utility and rising competition have investors questioning its long-term viability.  

Bonk’s Momentum Slows as Price Dips 17% in a Week

Bonk (BONK), one of the first Solana-based meme coins, gained popularity through its dog-themed branding and a massive community airdrop. Its marketing strategy leveraging memes led to massive user acquisition making BONK more than just a trading token. 

The recent deployment of Bonkbot and Bonkswap and Moonwalk and Bonk Bets has broadened Bonk’s functionality within the Solana ecosystem. Bonk stands apart from regular speculative tokens because it actively supports decentralized applications which drives its adoption while differentiating it from other meme coins.

While the token has surged over 100% over the past year, its recent performance has been less promising. Over the last seven days, BONK has dropped 17%.

With Shiba Inu and Bonk facing increased market saturation, investors are now eyeing fresh, hig

Go to Source to See Full Article
Author: Crypto Daily