Memecoins
BONK, BOME and MOG lead the bull run with 100% profit potential.
The broader market starts early, with Bitcoin preparing a bounce from the crucial psychological support of $60,000. As meme coins are the flag bearers of this year’s bull run, smart money is closely following trend reversals and the launch of new, trending coins.
With the market on the verge of a bull run, the recent surge in meme coins presents a buying opportunity for massive gains. As trending coins like BOME, BONK, and MOG surge in price, should you consider buying them for a 100% gain next week?
Murad Mahmudov, well-known financial analyst, opens about the next big cryptocurrency, and it’s not XRP or Cardano (ADA), it’s the meme coins. With the social media craze and celebrity endorsements, Mahmudov points out that these coins have dedicated communities that could generate significant earnings for early investors. He recommends targeting meme cryptocurrencies with market capitalizations between $5 million and $200 million, avoiding microcaps. Mahmudov recommends holding promising meme coins for over a year, guided by a genuine belief in their longevity beyond one cycle.
He claims that meme coins will outperform all other cryptocurrencies in the current cycle, highlighting an unconventional approach where investors should rely on instinct rather than logic. Despite his optimism for meme coins, Mahmudov does not foresee a prolonged altcoin season like in 2021, citing the depletion of US households’ excess savings, reducing their propensity to invest in risky assets like altcoins.
What will happen? Will they close the monthly trading on the rise?
Recently, meme coins have seen notable gains even as the price of Bitcoin remains flat. Mog Coin (MOG) and BOOK OF MEME (BOME) have seen double-digit increases, while Bonk (BONK) has grown by nearly 8%.
Overall, BONK and BOME prices also showed a similar trading pattern with a decrease in selling pressure. Therefore, apart from major memecoins such as DOGE and SHIB, PEPE and FLOKI, newly launched tokens seem to have garnered a lot of attention and as a result, they might start a new bull run very soon. In particular, Dogecoin (DOGE) and Shiba Inu (SHIB) have seen modest gains of 3.1% and 1.7%, respectively.
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