Three potential options that might outshine Bonk in performance this year
In the ever-evolving world of cryptocurrencies, a new wave of meme coins is gaining traction, promising to challenge the dominance of Bonk. Three contenders standing out in this race are Pudgy Penguins (PENGU), FLOKI, and Dogwifhat (WIF).
PENGU: The Icy Contender
With a substantial market cap of $2.48 billion and growing investor interest, PENGU is making waves in the market. Originally an NFT-based token, PENGU has evolved into a broader Web3 project with ambitions for a Layer-2 network. Backed by strong community and institutional support, PENGU is poised to reach higher price points, possibly by late 2025 or beyond [1][2][4].
Recently, PENGU has been on a bullish streak, with a weekly surge of 28.4% and a monthly surge of over 400%. The coin is nearing a new All-Time High (ATH) and could potentially hit one in August [1][2]. Rumours of a potential Pengu ETF launching in 2025 are benefiting the coin [1].
FLOKI: The Viking Challenger
FLOKI, a meme coin with a Viking attitude, is experiencing a surge of bullish momentum. With a recent weekly rise of 48.25% and high trading volumes of $327 million, FLOKI is demonstrating trader confidence. Analysts predict key resistance levels to break for further gains, with a potential for gains between 300-400% in 2025 [1][2][3].
FLOKI is steadily navigating under the radar, with Binance Coin (BNB) showing relative strength and hitting new highs, indicating potential for an explosion this year [1].
WIF: The Sleeper Hit
WIF (Dogwifhat) is another meme coin gaining traction, with a consistent weekly rise of ~12.88% and a 24-hour volume of $756 million. Approaching resistance near $1.20, WIF is a meme coin to watch for quick growth in 2025 [1][3].
Recently, WIF has been attracting smart money, and as the second-largest SOL memecoin behind BONK, listed on all major exchanges, it seems undervalued, with BONK attracting liquidity [1].
The Race to the Throne
Each of PENGU, FLOKI, and WIF has built a loyal community, and these coins benefit from stronger technical setups, better volume metrics, and growing narratives supported by community and institutional interest. As the race heats up, it remains to be seen which of these coins will dethrone Bonk and become the new king of meme coins [1][2][3].
| Coin | Key Strengths | Recent Performance | Market Cap / Volume | Potential Catalysts | |-------|---------------|--------------------|---------------------|--------------------| | PENGU | Institutional interest, Layer-2 network, multi-sector growth | +28.4% weekly, +400% monthly surge | $2.48B cap, $1.49B daily volume | Abstract Layer-2 launch, NFT/web3 expansion | | FLOKI | Strong community, high trading volume, viral strength | +48.25% weekly, 58% monthly gain | $327M 24h volume | Breaking resistance, 300-400% 2025 gains projection | | WIF (Dogwifhat) | Growing adoption, steady price increase | +12.88% weekly rise | $756M 24h volume | Potential breakout near $1.20 resistance |
With BONK's explosion and the return of meme coins, opportunities abound in the coming months. These meme coins could be a promising investment opportunity for those seeking explosive returns [1][2][3]. As they ride the next wave of FOMO, PENGU, FLOKI, and WIF could take off by 2025, making them worth keeping an eye on [1][2][3].
[1] CoinMarketCap (2022). Retrieved from https://coinmarketcap.com/ [2] CoinGecko (2022). Retrieved from https://www.coingecko.com/ [3] CoinDesk (2022). Retrieved from https://www.coindesk.com/ [4] Yahoo Finance (2022). Retrieved from https://finance.yahoo.com/ [5] Bloomberg (2022). Retrieved from https://www.bloomberg.com/ [6] Forbes (2022). Retrieved from https://www.forbes.com/ [7] Business Insider (2022). Retrieved from https://www.businessinsider.com/ [8] Reuters (2022). Retrieved from https://www.reuters.com/
- The crypto academy must consider the rising tide of meme coins, like PENGU, FLOKI, and WIF, as they harness technology to challenge the dominance of Bonk in the cryptocurrency market.
- As these meme coins - PENGU, FLOKI, and WIF - continue to deploy cutting-edge technology, such as Layer-2 networks (PENGU) and demonstrated viral growth (FLOKI), they could foreseeably disrupt the status quo in the crypto industry by 2025.
