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Cryptocurrency News Articles

SHIB, BONK and FLOKI: The Next Big Meme Coins Are Ready to Break Out

Jan 31, 2025 at 04:30 pm

Meme coins have become a staple in the crypto market, going from internet jokes to full-fledged digital assets. Initially dismissed as speculative tokens, meme coins have grown into large-cap crypto assets with serious trading volume and loyal community engagement.

SHIB, BONK and FLOKI: The Next Big Meme Coins Are Ready to Break Out

Meme coins have taken the crypto world by storm, evolving from internet jokes to full-fledged digital assets. Initially dismissed as speculative tokens, meme coins have grown into large-cap crypto assets with serious trading volume and loyal community engagement. Their ability to merge pop culture, internet trends, and blockchain has made them a favorite for both retail and institutional investors.

The search for the next big meme coin is a never-ending meta-narrative in the markets, with crypto traders watching the markets constantly to find an edge. While Dogecoin (DOGE) and Shiba Inu (SHIB) are still the big two meme coins, newer meme coins such as Bonk (BONK) and Floki (FLOKI) are gaining traction, attracting trading volume and strategic ecosystem developments.

SHIB ready to break out: Market above 0.000020 expected

Shiba Inu (SHIB) has shown resilience in 2025, outperforming other meme coins during the market downturn. When the meme coin market tanked, SHIB only dropped 20% in January, getting off lightly compared to other meme coins.

Market experts highlight its bullish W-reversal pattern, indicating potential strength as the market recovers. SHIB is currently positioned between key Fibonacci retracement levels, which serve as critical support and resistance zones.

The coin went from $0.00002 to $0.00001743 and then dropped 8% to $0.00001837. The community is worried by these developments.

In the midst of this price drop, Shytoshi Kusama the lead developer of Shiba Inu, announced he’s stepping down as lead visionary to become the lead ambassador. What this actually means is a mystery except to the most loyal community members, which we are not.

SHIB is currently at $0.00001837, with 47.60% of holders in loss and 50.2% in profit. The mixed sentiment is reflected in the bearish technicals with a death cross forming where the 50-day moving average is below the 100-day moving average.

SHIB daily chart. Source: Santiment

Despite the current market pressures, SHIB’s ecosystem is still moving forward. Key initiatives like aggressive token burns, Shibarium blockchain adoption, and project completions will drive future growth. The total supply of SHIB is 589.25 trillion with a big chunk of it undergoing scheduled burns to reduce the supply and add value.

Short-term then, the SHIB price is cautious, with resistance at $0.000019 and support at $0.000017. The Shiba Inu community just launched ShibOS, a development that will increase the utility and use of SHIB. ShibOS is a blockchain-based operating system that supports multiple applications and expands Shiba Inu’s use case beyond being a meme coin.

BONK: BONK Eyes Breakout: Key Technicals Signal Reversal

BONK (BONK), a popular meme coin in the Solana ecosystem, is gearing up for a potential breakout after a wild ride. After a big run to a new all-time high in November, BONK has been in a correction phase for a bit and it looks like that’s coming to an end.

BONK/USD daily price action. Source: Trading View

The recent price action has BONK hitting a low of $0.00002279 on Jan 29, so it looks like the correction is over. BONK’s price has retraced to just below the 0.786 Fibonacci level which has been a strong support zone for BONK in the past. The Relative Strength Index (RSI) on the daily chart is neutral, with no buy or sell pressure at the moment. This could be a good base for the upcoming price action.

Previous interactions with the $0.00002779 level have been bullish, so there’s underlying buyer interest at these levels. If BONK can hold above this support it could be the end of the correction and a decent setup for a reversal.

Despite a 17% drop in the last week, BONK has grown 20,000% since 2023 and is currently trading at $0.00002586. That’s a lot of growth and has brought a lot of engagement and interest to the community. BONK’s airdrop of 50 trillion coins to the Solana community not only pumped the SOL price but also the BONK trading volume.

BONK/USD daily price action. Source: Brave New Coin

BONK just finished the “Year of The BONKdragon” event, and the rewards will be claimable soon, which will incentivize

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