/ Explore the potential of Bonk vs Shiba in the crypto arena as it aims to replicate Shiba Inu’s 2021 success. Can Bonk make history in the upcoming bull run?
Author: Nilesh Hembade.
Date: 14 Dec 2023, 14:30 PM IST
As we move towards the next Bullrun, everyone knows what Shiba Inu did in the previous Bullrun of 2021. so many investors become millionaires by SHIB Memecoin in 2021 with the astonishing returns of SHIB.
As we are now moving to 2024 with the new memecoin sensation Bonk (BONK), everyone is talking about Bonk Coin after a massive return in a few days. The price of Bonk (BONK) is up by a massive +16,302% since its launch on CoinMarketCap, leaving everyone wondering. The price of BONK is currently trading at $0.0000151 with a market cap of $919 million.
Can Bonk Repeat the History of Shiba Inu 2021?
Taking a closer look, Bonk (BONK) has a market capitalization of $904 million, with an extensive circulating supply of 60.84 trillion tokens. In comparison, Shiba Inu (SHIB) holds a significantly higher market cap of $5.95 billion, circulating 589.35 trillion tokens, and trading at $0.0000101.
The disparity in market cap and circulating supply between Bonk and Shiba Inu reflects the differing levels of adoption and community interest. Shiba Inu’s remarkable success in 2021 can be attributed to factors such as strong community support, strategic marketing initiatives, and the overall hype surrounding meme coins. Shiba Inu reached an all-time high of $0.00008845 with a market cap of $43.51 billion.
The returns of Shiba Inu (SHIB) are still massive, at +12432209.25% as of December 14, 2023.
Can Bonk replicate this success?
For Bonk to follow in the footsteps of Shiba Inu, it not only needs to sustain its current momentum but also attract a substantial and engaged community. The key lies in whether Bonk can bring its market cap into the billions, echoing Shiba Inu’s historic climb.
If the market cap increases by billions for BONK, it will definitely replicate the Shiba Inu history.
Check: Bonk (BONK) Price Prediction 2024,2025-2030.