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.