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BONK v. SHIB: Which dog-themed coin will end up on top in January

2min Read

Bonk and Shiba Inu have seen a 24-hour increase in volume, but which has had the highest volume trend? 

Bonk vs. Shiba Inu: Trading volume surges, but which dog-themed coin leads?

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  • Bonk and Shiba Inu have had a slight increase in volume recently.
  • BONK and SHIB saw a hike in the previous trading session but have resumed their declines. 

Bonk and Shiba Inu share a commonality—they are both dog-themed meme coins that have garnered considerable attention. However, recent data reveals that the meme coin based on Solana is experiencing more activity than SHIB.

Bonk leads Shiba Inu in trading volume

Data from CoinMarketCap showed that Shiba Inu [SHIB]  and Bonk [BONK] have experienced an uptick in trading volume over the past 24 hours. As of the current data, BONK’s volume has risen by over 13%, while SHIB’s has increased by over 14% during this period.

Interestingly, despite SHIB registering a higher percentage increase in the last 24 hours, BONK has demonstrated a higher overall trading volume.

Analyzing the BONK volume chart on Santiment showed a lack of significant movement in recent days, with only a slight increase.

Specifically, the volume moved from around $106 million on 25th January to over $134 million on 26th January. As of this writing, the volume was over $127 million.

Bonk volume

Source: Santiment

On the SHIB side, Santiment’s data shows a slight increase in volume over the past few days. By the close of trading on 26th January, the volume was around $74 million. 

However, at the time of this writing, the volume was over $83 million.

Shiba Inu volume

Source: Santiment

In comparing the volume of these meme coins, it becomes evident that the Solana-based asset, BONK, has experienced more significant trading activity.

Bonk and Solana remain in varying bear trends

An examination of BONK on the daily timeframe showed consecutive uptrends in the past few days. Between 23rd and 26th January, it saw an increase of over 12%.

However, at the time of this writing, it was trading with a loss of around 2.6%. The bear trend remains relatively strong, as indicated by its Relative Strength Index (RSI).

BONK/USD price trend

Source: Trading View

On the other hand, a review of Shiba Inu’s price trend showed a less impressive performance. While it experienced a 1.9% increase on 26th January, the analysis suggests that it has been unable to sustain this upward momentum.

SHIB was trading with a slight decline at press time. Although its RSI has trended higher, it remains in a bearish trend.

SHIB/USD price trend

Source: Trading View


 How much are 1,10,100 BONKs worth today


Bonk on top

Upon analysis of both assets, it becomes evident that Bonk has exhibited a more impressive trend in the last few days compared to Shiba Inu.

The volume trend indicates that BONK has experienced more interactions, and the price trend reflects that, currently, it holds a higher value.

 

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Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.
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