Bonk and Dogwifhat are two memecoins that have a large community within the crypto industry. However, there have often been speculations about the price performance of the two since 2024 started. In this article, we will examine each one of them: their weekly, monthly, 3 months, and YTD comparison.
Bonk and Dogwifhat: Who Has Had a Worse Time?
Bonk and Dogwifhat are two popular memecoins that are locked in on taking the first position in the Solana ecosystem. At the time of writing, Dogwifhat takes the first position with a $1,585,686,886 cap, while Bonk is keeping it on its toes with a $1,564,165,242 market cap. Below, we will be looking at the comparison of these tokens since 2024 started, even though they both had massive losses.
Bonk and Dogwifhat Weekly Comparison
In the past seven days, Dogwifhat has had more losses after over 21% decline, while it was minimal with Bonk, with a little over 2% decline. Within this period, the market valuation of WIF went down from more than $2 billion to roughly $1.59 billion. On the other hand, Bonk had a market cap of around $1.59 billion as of July 7th and is currently at $1.55 billion at press time. This represents less damage, placing them at 50 and 51 positions in the market ranking, respectively.
Monthly Comparison
Even though there’s a massive decline between the two, Bonk still comes out on top in terms of minimal damage. Furthermore, it had a drop of over 11% in the past month, with the price declining from $0.000025 as of June 15th to around $0.000022 as of July 13th. On the other hand, Dogwifhat had a 33% decline, reducing from $2.38 to around $1.58 in price. Moreover, their market cap was also a disaster, with a combined loss of over $1 billion.
3-Month Comparison Between Bonk and Dogwifhat
Bonk still came out of the top this time, but it also had a level of profitability. According to data, Bonk had an increase of over 37% in 90 days, with Dogewifhat declining by over 45%. Within that time, the valuation of Bonk, which was at $1 billion on 19th April, is now at over $1.5 billion at present time. This represents an addition of over $500 million. However, Dogwifhat suffered losses, leading the market cap to fall from over $3 billion to what it is now.
YTD Comparison
Dogwifhat is less than a year, but Bonk is close to reaching two years by December, while WIF will be a year on 19th December. However, there’s still a 975% surge from the time WIF was created till now. The market cap has grown from less than $150 million to over $1.59 billion. But it is important that within that period, WIF had some peak market valuation reaching $3.77 billion. On the other hand, Bonk’s YTD data is nothing but incredible. There’s over a 6,000% increase, and it grew from having less than $20 million valuation as of July 14th, 2023, to over $1.5 billion in 2024.
Final Verdict: Future Outlook for Bonk and Dogwifhat
The final verdict between the two tokens is that Bonk has the edge over Dogwifhat, although the two will have to do much better in 2024. According to some analysts, the price of the Bonk token could increase by more than 182% and reach $ 0.00006472 by January 9, 2025. On the other hand, the price of WIF also has the chance of increasing by more than 180% and reaching $ 4.47 by January 9, 2025. However, these are just speculations, as this is not financial advice.
Cover Image from Microsoft Designer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
