Memecoins
SOL-Based Meme Coin BOME Surges Amid Solana ETF Filing As This Layer 2 Meme Coin ICO Raises $1.5M
BOME is driving the Solana meme coin’s recovery amid ETF speculation, seeing a price surge in the last 48 hours. Similarly, the new meme token $PEPU raised $1.5 million in its presale.
Besides BOME, other Solana-based meme coins saw an uptick despite the bearish market trend and falling coins.
The potential of this ETF has increased optimism within the Solana ecosystem, leading to higher trading volumes for its associated meme coins.
Another coin making waves is the new Pepe unleashedwhich generated significant hype by surpassing $1.5 million in its pre-sale.
Since many of you have been following the BOME and $PEPU projects closely, it is time to provide a quick update on recent developments and future possibilities.
BOME Price Analysis by Cilinix Crypto
BOME has recently shown some bullish signs, including a strong breakout two days ago on a 12-hour time frame. This breakout occurred above key resistance levels at $0.0098 and the psychological barrier of $0.01.
Previously, BOME was in a downtrend. However, it formed a bullish pattern with a double bottom and bullish divergence on the RSI, suggesting a potential reversal. The 4-hour chart offers a closer look at the breakout and potential entry points.
The breakout zone coincides with a confluence of support levels: the psychological support at $0.01, the trendline, and the 0.236 Fibonacci retracement level of the recent decline. Several EMAs (100, 28, and 50) are also converging around this area, further reinforcing this support zone.
Even though these technical indicators paint a bullish picture, caution is warranted. The market as a whole, especially Bitcoin price currently below $62,200 (a key resistance level), could hamper a strong BOME rally.
Therefore, entering a trade around the support zone with a target of 3:2 or 2:1 Fibonacci levels may seem attractive, but waiting for confirmation is crucial.
BOME Price Prediction
Despite a bearish start to the session over the past 24 hours, BOOK OF MEME (BOME) reversed course after announcing a filing (filing details are not mentioned here for brevity). This surge propelled BOME to the top gainer spot on CoinMarketCap, reaching a 7-day high of $0.01073.
Price action has been volatile, with BOME fluctuating between $0.01073 (intraday high) and $0.00901 (intraday low). At the time of writing, BOME sits at $0.0097, reflecting a 5% increase from its 24-hour low.
The recent rally saw an increase in both market capitalization (up 16% to $736,722,054) and 24-hour trading volume (up 124% to $179,342,372).
However, it is important to consider BOME’s historical price range. It reached its all-time high of $0.028 on March 16, 2024, but also dropped to a low of $0.00085 just two days prior. Since then, the lowest price recorded was $0.007192, while the highest was $0.015846.
The Fear & Greed Index currently has a neutral score of 47 for BOME, suggesting reasons to be cautiously optimistic about its potential price rise in July.
First, BOME has performed well recently, with 16 positive daily gains out of the last 30 (53% success rate). This consistent upward movement suggests healthy demand and investor confidence in the project.
Second, BOME’s high liquidity is evident from its substantial market capitalization of over $670,000 and solid 24-hour trading volume of around $87,000. This indicates that the coin is actively traded and can handle large transactions without major price fluctuations.
These factors combined suggest a positive market outlook for BOME. However, it is important to keep in mind the recent volatility and the coin’s distance from its all-time high.
Other developments related to the filing and broader market trends will likely influence BOME’s price trajectory in July. You can check out our guide here for more information on the the best altcoins.
Cilinix Crypto Reviews New Presale With Layer 2 Advantage
Pepe Unleashed (PEPU), currently in the pre-sale phase, continues to attract a significant influx of investors with no signs of slowing down. This interest is driven by a revolutionary layer 2 chain designed specifically for meme coins, sparking new excitement within the crypto community.
At its core, $PEPU runs on a robust ecosystem centered around the Pepe Unchained layer 2 chain. Whether due to its modest initial market cap or its focus on utility, Pepe Unchained offers an interesting alternative to existing meme coins.
For example, Pepe, which runs on Ethereum, faces issues such as high transaction costs and delays. Pepe Unchained addresses these challenges by leveraging its dedicated Layer 2 chain, tailored for meme coins, enabling faster and more cost-effective transactions compared to popular blockchains like Ethereum.
For coin investors and traders, quick decision making is essential in a rapidly changing market. This highlights the importance of a Tier 2 chain like Pepe Unchained, which helps take advantage of rapid price changes by eliminating network congestion and high gas fees.
Pepe Unchained boasts of processing transactions a hundred times faster than Ethereum, while supporting instant bridging and handling higher transaction volumes. If the platform goes as planned, it promises to become an ideal channel for the dynamic world of meme coins.
The pre-sale has already raised $1.5 million. Currently, investors can purchase $PEPU at $0.0081613, with expectations that this price will increase as the campaign progresses. Investors also have the option to stake their $PEPU tokens to earn passive income during the holding period.
At the time of writing, the annual percentage yield (APY) stands at an impressive 1,338%, likely to adjust over time with increased investor participation. Currently, 119 million $PEPU tokens are staked.
For updates on pre-sales, reward claims, and trade lists, follow Pepe Unchained on X And Telegram. To participate in the $PEPU token presale, visit pepeunchained.com.
Related
Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
Disclaimer
Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.
Memecoins
Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings
August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.
The viral power of memecoins
Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.
Shiba Inu: riding the wave of popularity
Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.
Ecosystem expansion
THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.
Balancing humor and professionalism
Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.
Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.
Expanding Reach and Adoption
Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.
Why August is the month to invest
As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.
Conclusion: Don’t miss the benefits
Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.
For more information on the Mpeppe presale (MPEPE):
Visit Mpeppe (MPEPE)
Join us and become a member of the community:
Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.
As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.
The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.
Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.
Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.
Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.
Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.
In the world of meme coins, when it rains, it rains.
Edited by Stacy Elliott.
Memecoins
Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD
A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.
Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.
“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”
Source: Altcoin Sherpa/X
At the time of writing, Bitcoin is trading at $66,236.
According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Source: Altcoin Sherpa/X
Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.
Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.
Source: Altcoin Sherpa/X
POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.
Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.
“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”
Source: Altcoin Sherpa/X
WIF is trading at $2.27 at the time of writing.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: DALLE3
-
Videos7 months ago
Money is broke!! The truth about our financial system!
-
News6 months ago
More Crypto AI Alliances Emerge Following $7.5 Billion Token Merger — TradingView News
-
News6 months ago
Over 1 million new tokens launched since April
-
Altcoins6 months ago
Render vs. Theta; Which DePIN Altcoin to buy in May
-
Videos6 months ago
Fantom: Potential FTM Price and BIG Updates – The Latest!!
-
NFTs7 months ago
Surprisingly, Bored Apes is now laying off employees as the NFT market disintegrates
-
Videos6 months ago
Recession soon?? What this means for you and your wallet!!
-
Memecoins6 months ago
ChatGPT Analytics That Will Work Better in 2024
-
NFTs7 months ago
Trump endorses Bible line – after selling shoes, NFTs and more
-
Videos6 months ago
Crypto News: ETH ETFs, Pro-Crypto Politics, UNI, DOGE & MORE!
-
Memecoins6 months ago
When memecoins reign supreme in the ecosystem!
-
NFTs6 months ago
Solana NFTs jump 30% in 24 hours: what’s behind the increase?