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Bonk surges over 100% this week to reach a new ATH, sparking debate on whether to buy or explore Pepe Unchained.
Table of Contents
Bonk flips Dogwifhat to become Solana’s premier meme coin
More growth ahead as trading volume soars
The next meme coin to explode? Pepe Unchained presale surpasses $35m, analyst tips 50x gain
Bonk has exploded over 100% this week to snag a new all-time high (ATH).
So is this a good time to buy, or will a newer meme coin such as Pepe Unchained offer a better investment opportunity?
Bonk flips Dogwifhat to become Solana’s premier meme coin
Dogwifhat is no longer Solana’s largest meme coin – Bonk has taken its crown.
Bonk has over doubled in price this week while Dogwifhat has risen by 15%.
This comes as a surprise, with Dogwifhat receiving a landmark Coinbase listing. However, investors realized that unit bias matters, especially when “Normie Capital” is involved.
Bonk has a much higher circulating supply than Dogwifhat, so Bonk’s price is a fraction of a cent while Dogwifhat is worth almost $4.
For industry newcomers who do not understand market cap, this makes Bonk more attractive since they deem it “cheaper” and having more room for growth.
Unit bias matters to retail You can buy 1M BONK for $36 and a dream of making that seven figures. It's easier to buy something fractions of a penny than multiple dollars. This is penny stock mentality not analytic value investing.
— Primitive° (@PrimitiveMoney) November 14, 2024
At a time when retail investors are returning to the crypto industry en masse, it’s important to be aware of shifting dynamics such as this one.
You might also like: As Dogecoin, Pepe soar, expert says Pepe Unchained could be next 100x meme coin
More growth ahead as trading volume soars
Unit bias is predominantly the reason for Bonk’s rapid growth this week, and we can see this demand playing out in real-time.
It’s not just the price rising. Bonk’s trading volume is also head-and-shoulders above the competition.
This shows a strong market appetite and illustrates plenty of willing buyers who can continue to increase its price.
$BONK is trading more volume than ALL major memes on Coinbase combined. BONK is the memecoin for retail. Accelerate. pic.twitter.com/7g4LX5bZfX
— Space Cadet (@solspacecadet) November 17, 2024
Analyst Dami-Defi looks towards the $0.00014 target for Bonk, noting that the close of its weekly candle above the previous high is seriously bullish.
$BONK hit our first target 🎯! +150% so far.This weekly candle is absolutely crucial.$BONK will most likely close above this long term resistance.This is hella bullish and will send it flying. https://t.co/kLdOGBAoiZ pic.twitter.com/boA1OIw9pX
— Dami-Defi (@DamiDefi) November 17, 2024
But with Bonk surging, traders are also looking towards higher-time-frame targets.
Prominent trader Zer0 suggests that Bonk will reach a $30 billion market cap this cycle, providing approximately an 8x gain from its current price.
My conservative target for $BONK is $30BThat's a clean 15x from here. You don't wanna know my moon target 🌝
— Zer0 🕊️ (@degengambleh) November 11, 2024
Bonk has displayed impressive strength recently, providing a basis for the exciting near- and long-term predictions.
And with significant volume as it surpasses its previous ATH, we can expect its momentum to continue.
While it’s ambitious, Dami Defi’s $0.00014 price target could be a first destination, potentially occurring early in 2025. Further ahead, we could see Zer0’s $30 billion market cap target hit as a cycle top.
As Solana’s now-top ‘joke’ token, there’s a strong case for every meme coin enthusiast to hold Bonk exposure in their portfolio. However, it is crucial to maintain diversification of different crypto assets to offset risk.
With that, could Pepe Unchained also be a strong meme coin to buy for the bull run?
The next meme coin to explode? Pepe Unchained presale surpasses $35m, analyst tips 50x gain
Pepe Unchained is shaking up the meme coin sector with the first Pepe-themed Ethereum layer 2 blockchain.
Imagine a network that cuts costs and increases speeds compared to Ethereum – and everything has a memetic spin. We’re even talking meme coin-themed dApps. That’s Pepe Unchained.
The meme coin sector is hot, but Pepe Unchained is bringing something we’ve never seen before: an entire meme coin ecosystem. So it’s no surprise the ongoing presale has raised $35 million.
Pepe is celebrating 35M today!With just under 26 days left in the presale don't miss out on your chance to get in on the ground floor! 🐸💚🔥 pic.twitter.com/6eTaUVUZSs
— Pepe Unchained (@pepe_unchained) November 17, 2024
The Pepe Chain will include noteworthy features such as a two-click meme coin generator, a block explorer, staking, a decentralized exchange, an Ethereum bridge, and more.
All of this is drawing a lot of attention to Pepe Unchained, not just among investors but also prominent influencers and media.
For instance, Umar Khan recently hosted a video on the 99Bitcoins YouTube channel, speculating that Pepe Unchained could 50x in price.
He underscored that the presale will end in 25 days, meaning those yet to buy must hurry.
Moreover, Khan added excitement by pointing out that Pepe Unchained will list on tier-1 exchanges, providing global exposure for “Normie Capital” to buy and pump up the $PEPU price.
For more information, visit the Pepe Unchained presale website.
Read more: Pepe Unchained hits landmark $30M milestone – presale ends in just 28 days
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