The meme coin craze that shook the crypto market in past bull runs may feel like ancient history, but it is not over yet. Two of the biggest names from that frenzy, Dogecoin and Bonk, are still standing strong. In fact, according to Matty from Altcoin Buzz, they are now heading into what looks like a direct battle for meme coin dominance.
In a new video on the Altcoin Buzz YouTube channel, Matty dives deep into both projects, analyzing their history, communities, tokenomics, and price potential. His conclusion might surprise you.
What you'll learn 👉
The Case for Dogecoin: A Meme Coin Legend
Dogecoin is no stranger to crypto headlines. Matty points out that Dogecoin, launched in December 2013, is the original meme coin and arguably still the most recognizable. It has a strong legacy as a joke project that unexpectedly exploded into the mainstream. Over the years, DOGE has gone through multiple bull and bear markets, gaining a kind of veteran status that most cryptocurrencies do not have.
Dogecoin also has one of the largest and most dedicated communities in the crypto space. Matty emphasizes how the Doge community is known for supporting good causes and embracing humor while still achieving some serious milestones. For example, they have sponsored NASCAR drivers and participated in major charitable campaigns. The coin even holds a top 10 spot by market cap, currently sitting at around $39.7 billion.
DOGE price has jumped over 77% in the past month, now trading at about $0.26. That is still far from its all-time high of $0.76, but the demand is clearly strong. Matty believes a $1 breakout is possible this year. However, he also warns about some of Dogecoin’s weaknesses. It has an unlimited supply, which is not ideal for long-term holders, and there have been occasional associations with scams and illicit use, though those issues are not unique to Dogecoin.
Still, the project recently got a major boost when BitOrigin, a NASDAQ listed company, bought $10 million worth of DOGE as part of a $500 million crypto treasury strategy. That shows Dogecoin continues to earn serious attention from institutions, not just retail meme traders.
Bonk’s Meteoric Rise in the Solana Ecosystem
Then there is Bonk. Matty credits the BONK token for helping revive the Solana ecosystem in late 2022 and early 2023, when Solana had plunged to around $8. Bonk’s launch was an unexpected spark that breathed new life into Solana projects. From its debut, Bonk stood out. Its price surged 4,400% in just one week. That explosive move put it far ahead of other meme coins like DOGE and Shiba Inu at the time.
One of the major reasons behind Bonk’s success is how it launched. 50% of its supply was airdropped to Solana NFT holders, artists, developers, and early adopters. This grassroots approach helped BONK build a strong, loyal community. Matty highlights the fact that Bonk avoided venture capitalist involvement, which often leads to early dumps and weak token support. That decision helped the project grow organically.
BONK has also become a true utility token. It is used across Solana’s DeFi, NFT, and payments landscape. Most recently, it launched Let’s Bonk, a meme coin launchpad that quickly outperformed Pump.fun and now leads in metrics like token launches, daily volume, and community growth.
BONK price is now around $0.000035, with nearly a 200% increase in the past 30 days. Its market cap is $2.7 billion, still much smaller than Dogecoin’s but large enough to be taken seriously. And unlike DOGE, Bonk has a fixed supply and a burn program, making its tokenomics more attractive to long-term investors. It also has a DAO governing its decisions, giving the community more power over its direction.
Which One Has More Upside
When comparing the long-term value increase, Dogecoin still holds the crown with over 308,000% gains since launch. Bonk, by comparison, is up over 38,000%, a huge number but still behind Dogecoin’s historic run. However, Matty argues that because Dogecoin is now such a large cap asset, its ability to make big moves is more limited. Its size could be a barrier to rapid price growth.
Read Also: Analyst Says Solana Is Going to All-Time High Next: Here’s What’s Fueling the Surge
Bonk, on the other hand, is leaner, more agile, and still early in its journey. The BONK price might be small in absolute terms, but it has room to grow. Matty suggests that in a bull market, a 5x to 10x return is very possible for Bonk. It is also backed by Solana’s fast, low cost blockchain and supported by active development. Meanwhile, Dogecoin’s momentum seems to be slowing down, and even Elon Musk, who once heavily promoted DOGE, is quieter these days.
In the end, Matty believes that Bonk is the stronger bet right now. It has fresh momentum, a strong ecosystem, and a community that continues to push new ideas. Dogecoin might still be the king, but Bonk looks more innovative and better positioned for short to mid-term gains.
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