SOL - Bonk Cedes Spotlight To Dogwifhat On 11% Monthly Loss But Still Has 'Better Upside' Trader Forecasts | Benzinga
Pseudonymous cryptocurrency trader Altcoin Sherpa sees Bonk (CRYPTO: BONK) as offering better potential upside compared to other meme coins, despite recent fluctuations in cryptocurrency prices.
What Happened: In his latest analysis on X, the highly-followed trader outlined the pros and cons of trading the popular meme coin. While acknowledging that Dogwifhat (CRYPTO: WIF) currently holds more attention than Bonk, Altcoin Sherpa highlighted reasons why Bonk could still yield positive results:
- Good liquidity.
- Potential for better upside compared to other meme coins due to lower attention.
- Maintains its former top Solana meme coin position, which could be reclaimed with certain catalysts.
However, he sees the ...