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.

Benzinga