If Bonk Is The Dogecoin Of This Cycle, Is WIF The Next Shiba Inu? If Bonk is considered the Dogecoin of this market cycle, could WIF be compared to the next Shiba Inu?
The success of Dogecoin and Shiba Inu in the previous bull market has sparked a search for their successors in the current market cycle, with BONK and WIF emerging as potential contenders for their positions. In 2023, BONK had a significant rally, increasing by over 2300,000% and reaching a market cap exceeding $1 billion, similar to Dogecoin’s rally in 2020. The BONK cryptocurrency is emerging as a potential alternative to DOGE, another meme coin on the Solana network. Meanwhile, the WIF coin, also based on Solana, is gaining traction and may be compared to the success of Shiba Inu. WIF has secured a listing on Robinhood. It appears that WIF is mirroring the trajectory of Shiba Inu, but at a quicker pace. After a slow start following its introduction on the Solana blockchain, WIF experienced a significant surge in value, increasing its market capitalization from a few hundred thousand dollars to over $1 billion. El Salvador’s President also noted the success of their Bitcoin investment. The WIF community is actively promoting the meme coin, following in the footsteps of SHIB, emphasizing the ‘dog in a hat’ meme. The meme coin’s price has risen due to growing support, and a recent development has increased its credibility in the market. Robinhood, known for listing meme coins like Dogecoin and Shiba Inu, has announced that it will now list the WIF token. The news caused the value of WIF to skyrocket to record levels after surpassing $1. Currently, the price is at $86.63 according to WIFUSD on Tradingview.com.