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Bonk Cedes Spotlight To Dogwifhat On 11% Monthly Loss But Still Has ‘Better Upside,’ Trader Forecasts

Pseudonymous cryptocurrency trader Altcoin Sherpa sees Bonk BONK/USD 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 WIF/USD 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.

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